Banking is included in which sector?

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Tertiary

Primary

Secondary

Both 1 and 3

answer is A.

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Detailed Solution

Banking is included in the tertiary sector.
The service sector includes the banking industry. The service sector is the tertiary sector of the economy. This industry offers services to both the public and businesses. This industry's activities include retail and wholesale sales, transportation and distribution, and entertainment-related activities, including movies, television, etc. Transportation, banking, tourism, hospitality, insurance, trade, and other areas fall within the tertiary category. As a result, the tertiary sector of the Indian economy includes banking.

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