Question

Which among these does not fall under Quinary Activities?

• A. Specialists
• B. Consultants
• C. Financial Banking
• D. Policy formulators

Hint:

Think of quinary activities as the 'brain' of the economy—focused on high-level decisions, research, and new ideas, rather than delivering a direct service to a mass audience.

Answer 1

The Correct Option is C

Step 1: Understanding the Concept:
Quinary activities represent the highest level of economic activity. They are concerned with the creation, re-arrangement, and interpretation of new and existing ideas; data interpretation; and the use and evaluation of new technologies. They are often referred to as 'gold collar' professions and involve top-level decision making.
Step 2: Detailed Explanation:
Let's analyze the options in the context of this definition:
1. Specialists: High-level specialists who conduct research or provide expert knowledge (e.g., senior scientists) are part of the quinary or quaternary sector.
2. Consultants: High-level consultants who advise businesses and governments on strategy and innovation fall into the quinary sector.
3. Financial Banking: This is a broad service industry. While the CEO of a major international bank would be a quinary worker, the activity of "Financial Banking" itself, which includes tellers, loan officers, and analysts, is predominantly a tertiary activity (providing financial services to the public and businesses).
4. Policy formulators: This includes top executives in government and science who make significant decisions that affect society, which is the very definition of a quinary activity.
Step 3: Final Answer:
Financial Banking as a general industry is a service-based tertiary activity, whereas the other options represent the high-level decision-making and expertise characteristic of the quinary sector.