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Revision Notes

Tertiary Sector (Service Sector)

Telangana Open School (TOSS) · Class 12 · Economics

Quick revision notes for Tertiary Sector (Service Sector) — Telangana Open School (TOSS) Class 12 Economics. Key concepts, formulas, and definitions for last-minute revision.

40 questions25 flashcards5 concepts

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Key Topics to Revise

1

Role of the Tertiary Sector in the Indian Economy

  • The service sector contributes 80.1% to India's GDP (2020–21), higher than many developed countries.
  • It supports the development of agriculture and industries by providing necessary services like transport, banking, and communication.
  • The sector has seen rapid growth, with an average growth rate increasing from 4.9% (1950–1991) to 10.6% (2004–2021).
2

Priority of the Tertiary Sector in India

  • The government gives high priority to the service sector through Five-Year Plans and policy reforms.
  • Investments in transport, energy, and information sectors receive 55–65% of total plan allocation.
  • Service sector exports have risen from $40 billion (2004–05) to $497.9 billion (2020–21).
3

Infrastructure Development in India

  • Infrastructure is divided into economic (transport, energy, communication) and social (education, health) types.
  • Development of infrastructure is crucial for the growth of all economic sectors.
  • Infrastructure facilities are more developed in urban areas than in rural areas.
4

Transport, Energy, and Information Sectors

  • Transport includes road, rail, air, and water; it connects people and goods across regions.
  • Railways were introduced in 1853; now India has 19 railway divisions and metro systems in major cities.
  • India has 12 major and 187 minor ports; water transport is cost-effective for heavy goods.

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Full Notes

Key Concepts

The tertiary sector includes all economicThe service sector contributes 80Infrastructure includes economic (energyIT involves the use of computersTourism brings in foreign exchange

Frequently Asked Questions

What are the important topics in Tertiary Sector (Service Sector) for Telangana Open School (TOSS) Class 12 Economics?
Tertiary Sector (Service Sector) covers several key topics that are frequently asked in Telangana Open School (TOSS) Class 12 board exams. Focus on the core concepts listed on this page and practise related questions to build confidence.
How to score full marks in Tertiary Sector (Service Sector) — Telangana Open School (TOSS) Class 12 Economics?
Understand the core concepts first, then work through the 40 practice questions available for this chapter. Revise formulas and definitions regularly, and use flashcards for quick recall before the exam.

Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

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