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Q.

In terms of GDP the share of tertiary sector in 2013-14 is-


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a

Between 20 to 30 per cent

b

Between 30 to 40 percent

c

Between 50 to 60 percent

d

Between 60 to 70 percent  

answer is D.

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Detailed Solution

In terms of GDP the share of the tertiary sector in 2013-14 is between 60 and 70 percent.
In the fiscal year 2013–14, the service sector contributed between 60 and 70 percent of India's GDP.  The tertiary sector does not produce any goods by exploiting natural resources but helps in the functioning and development of the primary and secondary sectors. It has less employee absorption capacity but contributes the most to the GDP of the Indian economy.
 
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