Question
Which of the following experienced the fastest expansion during the plan in India?
Answer: Option A
Answer: (a)
The service sector experienced the fastest expansion during the plan in India which was predominantly an agricultural economy at the time of independence.
It includes:
telecommunication,
hospitality industry/tourism,
mass media,
healthcare/hospitals,
information technology,
banking,
insurance,
investment management,
accountancy,
legal services,
consulting,
retail sales,
real estate, and
education.
Currently, the maximum contribution to national income comes from the service sector which contributes around 60%.
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Answer: (a)
The service sector experienced the fastest expansion during the plan in India which was predominantly an agricultural economy at the time of independence.
It includes:
telecommunication,
hospitality industry/tourism,
mass media,
healthcare/hospitals,
information technology,
banking,
insurance,
investment management,
accountancy,
legal services,
consulting,
retail sales,
real estate, and
education.
Currently, the maximum contribution to national income comes from the service sector which contributes around 60%.
Was this answer helpful ?
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