Economy

Q.

What is tertiary sector?

Q.

Sectors are classified into public and private sectors on the basis of

1. Employment conditions

2. The nature of economic activity

3. Ownership of enterprises

4. Number of workers employed in the enterprise

Q. Study the two statements labelled as Assertion (A) and Reason (R).

Assertion (A): Sectoral division is very useful to economics.

Reason (R): Using such sectoral divisions, the government measures the contribution of each sector to the GDP of a country.

1. Both A and R are true, and R is the correct explanation of A.
2. Both A and R are true, but R is not the correct explanation of A.
3. A is true, but R is false.
4. A is false, but R is true.