Which of the following sectors includes banking, communication and transport?

Correct option is D

The correct answer is (D) Tertiary

Explanation:

·       The tertiary sector, also known as the service sector, includes industries that provide services rather than goods.

·       Activities such as banking, communication, transport, trade, education, and healthcare fall under this sector.

·       These services help in the distribution of goods, facilitate commerce, and contribute to the overall economic growth of a country.

Information Booster:

·       The Indian economy is divided into three main sectors:

1.       Primary Sector – Activities related to extraction of natural resources (e.g., agriculture, fishing, mining).

2.       Secondary Sector – Involves manufacturing and processing (e.g., factories, industries).

3.       Tertiary Sector – Provides services like banking, communication, transport, trade, and education.

·       In recent decades, the tertiary sector has become the largest contributor to India’s GDP, driven by IT, finance, and telecommunications.

·       It plays a crucial role in linking producers and consumers and supporting the functioning of both primary and secondary sectors.

Additional Knowledge:

(A) Quaternary Sector:

• Deals with knowledge-based services such as research, IT, consultancy, and data analysis.

(B) Secondary Sector:

• Involves manufacturing and industrial production, transforming raw materials into finished goods.

(C) Primary Sector:

• Includes agriculture, forestry, fishing, mining, and other natural resource-based activities.