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Q.

Which sector over the years became the most important in total production and employment?


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a

Primary sector

b

Tertiary sector

c

Secondary sector

d

Public sector 

answer is B.

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Detailed Solution

The tertiary sector over the years became the most important in total production and employment.
The services of the tertiary sector help in the development and smooth functioning of the primary and secondary sectors. This sector employs educated and skilled labour and has a low employment capacity. Recently, it has replaced the primary sector by becoming the largest producing sector in the economy and the highest contributor to the GDP of India. Its services include banking, teaching, insurance, information technology, lawyers, software companies, transport, storage, and so on.
 
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