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Q.

Life insurance is an example of this sector.

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a

Primary sector

b

Secondary sector

c

Service sector

d

None of the above

answer is C.

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Detailed Solution

Life insurance is an example of service sector.
Economic activities are those that are carried out to make money. They are divided into three categories: primary, secondary, and tertiary sectors. The tertiary industry assists the two other sectors. It does not provide commodities but essential trial services to make goods available, such as transportation and banking. It is also known as the service sector. This industry provides services such as education and healthcare, both of which are in high demand in urban areas.

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Life insurance is an example of this sector.