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

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

A.

Tertiary

B.

Secondary

C.

Quaternary

D.

Primary

Correct option is A


The correct answer is (A) Tertiary
Explanation:
• The Tertiary Sector (Service Sector) includes banking, insurance, communication, transport, tourism, healthcare, education, trade, etc.
• As per NCERT Class 10 Economics, it supports the Primary and Secondary sectors by providing essential services like distribution, logistics, and financial support.
• India has transformed into a service-led economy, with the tertiary sector becoming the largest contributor to GDP.
Information Booster:
• Major service contributors: IT–BPM, financial services, telecom, logistics, hospitality, e-commerce.
• The Quaternary Sector is a subdivision focusing on knowledge-based services like R&D, consultancy, analytics, and IT solutions.
Additional Knowledge:
• Primary Sector: agriculture, forestry, fishing, mining.
• Secondary Sector: manufacturing, industries, construction.
• Tertiary sector contributes about 55–60% to India’s GDP.
• India’s global economic strength lies in service exports, especially in IT and outsourcing.

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