Which of the following statements are true regarding the services sector?

see full answer

Start JEE / NEET / Foundation preparation at rupees 99/day !!

21% of IItians & 23% of AIIMS delhi doctors are from Sri Chaitanya institute !!

An Intiative by Sri Chaitanya

Over the past decade or so, certain new services such as those based on information and communication technology have become important and essential.

All of the above

In the year 2010-11, the tertiary sector has emerged as the largest producing sector in India, replacing the primary sector.

As income levels rise, certain sections of people start demanding many more services like eating out, tourism, shopping.

answer is D.

(Unlock A.I Detailed Solution for FREE)

Ready to Test Your Skills?

Check your Performance Today with our Free Mock Test used by Toppers!

Take Free Test

Detailed Solution

The third layer of the three-sector economy is the service sector, commonly referred to as the tertiary sector. This industry produces maintenance and repairs, training, or consultancy instead of products.

Certain demographic groups begin to demand more and more services, such as dining out, travel, and shopping, as income levels rise.
Some new services, like those based on information and communication technology, have grown in importance and necessity during the past few years.
The primary sector was replaced as India's largest producing sector in 2010–2011 by the tertiary sector.

Watch 3-min video & get full concept clarity

tricks from toppers of Infinity Learn

Result Producing online coaching for JEE/NEET of south India

Largest All India Test Series for JEE/NEET

Best Books for IIT JEE

Best Books for NEET

🔥 Start Your JEE/NEET Prep at Just ₹1999 / month - Limited Offer! Check Now!

Get Expert Academic Guidance – Connect with a Counselor Today!

Result Producing online coaching for JEE/NEET of south India

Largest All India Test Series for JEE/NEET

Best Books for IIT JEE

Best Books for NEET