Question

Hindrance in the development of service sector is/ are:
(i) Inadequate infrastructure
(ii) Financial services
(iii) Lack of consular divisions
(iv) Unfair competition in the telecom sector.

• A. (i) only
• B. (i) and (ii)
• C. (i), (ii) and (iv)
• D. (i), (ii), (iii) & (iv)

Answer 1

Answer: (D)

(i), (ii), (iii) & (iv)

Sector which includes trade, transport, banking, communication and services is known as tertiary sector. Tertiary sector mainly deals with services. Hence, tertiary sector is also known as service sector of the economy. Service sector is the largest contributor to GDP in India. Hindrances in the development of service sector are:(i) Inadequate infrastructure
(ii) Financial services
(iii) Lack of consular divisions
(iv) Unfair competition in the telecom sector.