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Q.

Banking is an example of the ____ sector.

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Detailed Solution

Banking is an example of the tertiary sector.
Banking service is an example of the tertiary sector. The tertiary industry is concerned with providing services to the primary and secondary sectors. It includes banking, communication, insurance, public administration, networking, health, education, etc. The workforce in this sector is highly skilled and educated. Most of the industries in the tertiary sector are positively imparted with technology. For example, the banking sector provides internet banking facilities and customised applications for its customers. Its dominance is seen in developed economies, and its performance depends on the performance of the primary and secondary sectors.

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Banking is an example of the ____ sector.