Question

Identify the sector of economy on the basis of the nature of activity.

• A. Public sector
• B. Private sector
• C. Primary sector
• D. Organised sector

Answer 1

The correct option is C Primary sector

Based on the nature of the economic activities, the economy is classified into the primary sector, the secondary sector, and the tertiary sector. On the basis of asset ownership and responsibility for delivery of services, economic activities are classified into private and public sectors. Based on the conditions of work as well as rules and regulations, economic activities are classified into organised and unorganised sectors.