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Which sector of the economy involves activities that manufacture goods using products from the primary sector as raw materials ?

APrimary Sector

BSecondary Sector

CTertiary Sector

DService Sector

Answer:

B. Secondary Sector

Read Explanation:

SECTORS OF THE ECONOMY 


Primary Sector – Sector involving activities making direct use of natural resources. As agriculture form a major part, it is also called agricultural sector.

Secondary Sector – Activities that manufacture goods making use of the products of primary sector as the raw materials. Also called industrial sector.

Tertiary Sector – Collects and distributes products of primary and secondary sectors. Also called service sector.

Economic growth takes place when primary, secondary and tertiary sectors function as a whole.


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In the context of Kerala’s economic structure, which of the following are correct?

  1. The share of the primary sector in GSVA has been consistently declining from 2020-21 to 2023-24.

  2. The secondary sector’s share has increased significantly during the same period.

  3. The tertiary sector’s share has been steadily increasing.

Which of the following best characterizes the service sector compared to the industrial sector?

  1. Output is intangible and cannot be stored physically.

  2. Strong dependence on human interaction and knowledge.

  3. Output is mainly tangible products manufactured from raw materials.

What is a reason for the persistence of poverty in India despite increased food production ?