Sector which includes trade, transport, banking, communication and services is known as ___________.
A
primary sector
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
tertiary sector
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
secondary sector
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
organized sector.
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution
The correct option is A tertiary sector 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.