Question

Which one of the following services is included in secondary sector?

• A. Insurance
• B. Manufacturing
• C. Trade
• D. Banking

Hint:

Remember the sectors: Primary = Raw Materials, Secondary = Manufacturing/Building, Tertiary = Services.

Answer 1

The Correct Option is B

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.