Service Sector accounted for nearly _______ of Exports (2011-12).

two third

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one fourth

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one third

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two fourth

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Solution

The correct option is C one third
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 and accounts for nearly one third of exports accoding to the data of 2011-12.

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Pick the error from the following news clipping:

The services sector is not only the dominant sector in India’s GDP, but has also attracted significant foreign investment flows, contributed significantly to exports as well as provided large-scale employment. The major categories of services exports includes software services, travel, business services and transportation.

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