Question:
Which one of the following services is included in secondary sector?
Which one of the following services is included in secondary sector?
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Remember the sectors: Primary = Raw Materials, Secondary = Manufacturing/Building, Tertiary = Services.
Updated On: Sep 12, 2025
- Insurance
- Manufacturing
- Trade
- Banking
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The Correct Option is B
Solution and Explanation
Economies are typically divided into three sectors:
Primary Sector: Involves the extraction of raw materials from the earth (e.g., agriculture, mining, fishing).
Secondary Sector: Involves the transformation of raw materials into finished goods. This includes manufacturing, construction, and processing.
Tertiary Sector: Involves providing services rather than producing goods.
Based on this classification:
(A) Insurance, (C) Trade, and (D) Banking are all service-based activities and belong to the tertiary sector.
(B) Manufacturing is the core activity of the secondary sector.
Primary Sector: Involves the extraction of raw materials from the earth (e.g., agriculture, mining, fishing).
Secondary Sector: Involves the transformation of raw materials into finished goods. This includes manufacturing, construction, and processing.
Tertiary Sector: Involves providing services rather than producing goods.
Based on this classification:
(A) Insurance, (C) Trade, and (D) Banking are all service-based activities and belong to the tertiary sector.
(B) Manufacturing is the core activity of the secondary sector.
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