Quaternary activities are related to intellectual services and involve research, development, and the production of information. These activities are centered around innovation, high-tech services, education, and research that help in solving problems and developing new technologies.
- Option (A) is incorrect because the extraction of minerals is related to primary activities, not quaternary activities.
- Option (B) is incorrect because increasing the value of raw materials into finished products is characteristic of secondary activities, not quaternary.
- Option (C) is correct because quaternary activities focus on research and development, which are fundamental to the growth of knowledge-based industries.
- Option (D) is incorrect as quaternary activities are not directly related to serving all people of society in a general sense, but more focused on specialized knowledge and services.
Thus, the correct answer is (C) It is concerned with research and development.
Read the following text carefully:
Union Food and Consumer Affairs Minister said that the Central Government has taken many proactive steps in the past few years to control retail prices of food items. He said that the government aims to keep inflation under control without compromising the country’s economic growth. Retail inflation inched up to a three-month high of 5.55% in November 2023 driven by higher food prices. Inflation has been declining since August 2023, when it touched 6.83%. 140 new price monitoring centres had been set up by the Central Government to keep a close watch on wholesale and retail prices of essential commodities. The Government has banned the export of many food items like wheat, broken rice, non-basmati white rice, onions etc. It has also reduced import duties on edible oils and pulses to boost domestic supply and control price rise. On the basis of the given text and common understanding,
answer the following questions: