Tertiary Sector (Service Sector)
Telangana Open School (TOSS) · Class 12 · Economics
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What is the tertiary sector?
Answer
The tertiary sector, also known as the service sector, provides services rather than producing goods. It supports the primary (agriculture) and secondary (industrial) sectors by offering essential ser…
Why is the tertiary sector important for economic development?
Answer
The tertiary sector supports economic growth by providing essential infrastructure and services. It enables agriculture and industries to function smoothly through transport, banking, communication, a…
What percentage of India's GDP came from the service sector in 2020-21?
Answer
The service sector contributed 80.1% to India's GDP in 2020-21, making it the largest sector of the economy. This is higher than many developed countries like the US and Japan.
How has employment in the service sector changed since 1950-51?
Answer
In 1950-51, only 17.3% of India's workforce was employed in the service sector. By 2020, this had increased to 32.3%, showing a growing shift of workers from agriculture and industry to services.
Define infrastructure and name its two main types.
Answer
Infrastructure refers to basic physical and organizational structures needed for the economy to function. The two main types are: (1) Economic Infrastructure – like energy, transport, and communicatio…
Give examples of economic infrastructure.
Answer
Economic infrastructure includes: energy (electricity, coal), transport (roads, railways), communication (internet, phones), banking, insurance, and science & technology. These support production and …
What are the main components of the transport sector in India?
Answer
The transport sector in India includes four main types: (1) Road transport – connects remote areas; (2) Rail transport – largest rail network in the world; (3) Water transport – includes inland and se…
What is the role of road transport in India?
Answer
Road transport is the most widely used mode in India. It connects even remote villages and supports last-mile delivery. Projects like PMGSY and NHDP have improved rural and national connectivity throu…
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