alleryBanking, insurance, transport and storage belong to which sector?
APrimary
BSecondary
CTertiary
DMining
Answer & Solution
Correct answer: C. Tertiary
1. The tertiary or service sector supports the other two sectors.
2. Banking, insurance, transport and storage are services.
3. It is the largest contributor to India's GDP today.
_Source: syllabus Understanding Economic Development, Ch 2 "Sectors of the Indian Economy"_
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