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Question

Which of the following is not a recognized way to be an entire sector of an economy?

A
Primary sector
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B
Secondary sector
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C
Tertiary Sector
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D
Banking sector
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Solution

The correct option is D Banking sector
The economy is divided in 3 major sectors based on various areas of economic activity. The 3 sectors, namely, are primary sector which majorly deals with agriculture and allied activities, secondary sector deals with industrial and construction activities and tertiary sector refers to the service sector. Banking is a service and hence, is a part of the service sector.

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