ATM service is an example of which of the following activities?

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Primary

Secondary

Tertiary

All of these

answer is C.

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Detailed Solution

ATM service is an example of the tertiary sector activity. The tertiary sector is the sector that provides intangible services and, thus, is also known as the service sector. ATMs (Automated Teller Machines) allow users to carry out several financial transactions, like cash withdrawals, balance inquiries, or account information. Thus, ATMs are just a means through which we can execute several services. Thus, it becomes a part of the tertiary sector. Some other examples of the service sector are restaurants, hotels, banks, schools, colleges, and hospitals. In India, this sector contributes the most to the GDP and is also the sector in which a large percentage of the workforce is employed.

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