Each sector is interdependent on the other so that the economy as a whole functions properly and efficiently. Important Questions for Class 10; Question Papers. Sectors of the Indian Economy. 2. DEFINITIONTHE TERTIARY SECTOR CONSISTS OF ALL THE ACTIVITIES WHICH NOTDIRECTLY PRODUCE TANGIBLE GOODS, BUT WICH PROVIDE SERVICESTO STISFY PEOPLES WANTS AND NEEDSTYPES OF SERVICESWe can classify them according three criteria: Public Provider Private Business Function Tourism Transport Level of Traditional advance Advanced The primary, secondary and tertiary sectors represent various business types and the goods they procure and sell in an economic setup. Development of information technology : The development of information and commu­nication technology has increased the importance of tertiary sector because now most of the people want to avail these services such as mobile phone, internet cafe etc. This has led to importance of tertiary sector. Give four reasons. A few reasons to support this are given below: The primary and secondary sectors can only flourish if the tertiary sector is there to support them. Hence, over time, a shift had taken place. What is meant by the ‘Primary Sector’? More income more services : The per capita income in our country is rising. Find videos, notes and more@learnfatafat The tertiary sector, or service sector, is the anchor of our economy. The service sector is now the largest sector of the global economy in terms of value-added and is especially important in more advanced economies. (v) Liberalisation of financial sector provided an environment for faster growth of financial services. Tertiary sector or service sector plays a very significant role and its importance is rising day by day: Greater the development of primary sector and secondary sector more would be the demand for Services. […] Why is the tertiary sector growing so rapidly in India? (iv) Rapid growth of services sector also benefitted from external demand such as software industry and call centre services. State any two activities which do not come under the primary sector. (2012) Answer: Public Sector and Private Sector. Explain. Sectors of the Indian Economy. (ii) Demand for services such as transport, trade, storage will increase with the development of primary and secondary sectors. Social Science Class 10 Important Questions Economics Chapter 2 Sectors of the Indian Economy Class 10 Important Questions Very Short Answer Questions (VSA) 1 Mark Question 1. Sectors of Indian Economy Class 10 Extra Questions and Answer Economics Chapter 2 Long Answers Type. Answer: Tourist Guide is the … Ans. Why is the tertiary sector becoming more important than other sectors in India? Tertiary Sector. (i) Tourist guide, dhobi, tailor, potter. If you are appearing for Class 10 th Board Exam 2020, do not miss to revise important MCQs for the Social Science Board Exam. ‘Tertiary sector is playing a significant role in the development of Indian Economy’. Why is the tertiary sector becoming so important in India? Nov 26,2020 - why tertiary sector of economy is very much important than primary and secondary sector? On what basis sectors are classified into primary, secondary and tertiary sectors? Give at least four reasons. Classify the economy on the basis of ownership of enterprises. (V. Imp) Answer: No, I do not agree to this point. This document is highly rated by Class 10 students and has been viewed 33368 times. increases with the increase in the level of income. We have compiled a list of Chapter-wise important … The importance of tertiary sector is rising in India due to the following reasons: In a developing country like India, the Government has to undertake the provision of various services such as health facilities, providing education, credit at cheap rates, police stations and municipal corporations, which are essential for the overall growth of the people and the country. are the responsibility of the government in developing countries. | EduRev Class 10 Question is disucussed on EduRev Study Group by 108 Class 10 Students. Ans. Question 2. Tertiary sector has become important in India because : (i) Basic services like hospitals, education, post and telegraph, courts, etc. The sector is also the service sector and is important when you consider the development of the other two sectors. (ii) Demand for services such as transport, trade, storage will increase with the development of primary and secondary sectors. When we produce a good by exploiting natural resources, it is an activity of the primary sector e.g., the cultivation of cotton. Cloudflare Ray ID: 5ff844696f6effd8 The service sector is the third of the three economic sectors of the three-sector theory.The others are the secondary sector (approximately the same as manufacturing), and the primary sector (raw materials).. Why is the tertiary sector becoming so important in India? | EduRev Class 10 Question is disucussed on EduRev Study Group by 108 Class 10 Students. Give at least three reasons, why India has given more importance to public sector in its economy. Sectors of Indian Economy Class 10 NCERT Notes. Please enable Cookies and reload the page. 1:10 Tertiary Industry Tertiary sector in India has been growing rapidly for a number of reasons: (i) In a developing country, the government has to take the responsibility for the provision of basic services for example, hospitals, educational institutions, post and telegraph services, police stations, courts, village administrative offices, municipal corporations, defence, transport, banks, insurance companies, etc. […] Contemporary India : Geography Notes for Class 10th NCERT Manufacturing Industries Importance of Manufacturing and Economy- Manufacturing industries Class 10th Lesson Progress 0% Complete Importance of Manufacturing and Economy The manufacturing sector is considered the backbone of development in general and economic development in particular. Give two reasons for the importance of the silk industry in India. As income level rises … (i) This sector provides basic services such as hospitals, educational institutions, post and telegraph services, police stations, courts, municipal corporations, defence, banks, insurance etc. The development of the primary and secondary sectors has increased the demand for services from service sector such as transportation, storage, banking etc. are the responsibility of the government in developing countries. This sector contributes the largest in terms of share in GDP in India. 3. TERTIARY sector or service sector plays a very significant role and its importance is rising day by day.. ... primary sector was the most important sector of economic activity in a country. • The tertiary sector 1. Justify the statement. Why does this sector produce only a quarter of … Mention a few activities under the secondary and tertiary sectors. Ans. Class 10 Class 12. Which one of the following economic activities is not in the tertiary sector? Tertiary sector has become important in India because : (i) Basic services like hospitals, education, post and telegraph, courts, etc. Class 10 Class 12. Explain any three reasons. In the year 2003, the tertiary sector replaced the primary sector as the most producing sector in the country. TERTIARY sector or service sector plays a very significant role and its importance is rising day by day.. Greater the development of primary sector and secondary sector, more would be the demand for services. If you are on a personal connection, like at home, you can run an anti-virus scan on your device to make sure it is not infected with malware. This means that the importance of the sectors had changed. The truth is that tertiary sector is playing a very significant role in the development of Indian economy. Economic activities are classified into groups using some important criterion. Ans. Zigya App. (iii) Demand for tourism, shopping, private schools, private hospitals, etc. Importance of the Tertiary Sector. are the responsibility of the government in developing countries. Why has the government taken up the responsibility of public sector activities in a country like India? Sectors of Indian Economy : Chapter Notes - Class 10 Social Science • Three sectors of Economy • Comparison of three sectors of the Economy ... → Tertiary sector: provide support to other two sectors. Or Give five reasons for the rising importance of the tertiary sector in India? Give five important reasons. MCQ Questions for Class 10 Economics: Ch 2 Sectors of the Indian Economy. Name the sector that is the largest employer in India. Basic services such as education, health, postal communication, transport and banking which are essential in daily life come under the tertiary sector. This sector is the backbone of Indian economy and there are more development and growth in the near future. Your IP: 185.65.200.124 CBSE Class 10th Social Science Board Exam 2020 is scheduled for 18th March. Tertiary sector has become important in India because : (i) Basic services like hospitals, education, post and telegraph, courts, etc. In a developing country, the government has to take the responsibility for the provision of basic … (b) This sector has now become the largest producing sector in India by replacing the primary sector. Greater the development of primary sector and secondary sector, more would be the demand for services. Professional services, banking, insurance, personal services, restaurants, retail… The majority of our employment is created in this sector. “It necessary to increase the areas under forests” why? 4. (2) At one end, there are limited numbers of services that employ highly skilled and educated workers. Question 1. The entire tertiary sector has not grown in importance for the following reasons: (1) The service sector in India employs many different kinds of people. Give five reasons why family planning has often failed in the rural villages and countryside ? Give reasons why tertiary sector has become so important in India ? (ii) Demand for services such as transport, trade, storage will increase with the development of primary and secondary sectors. Nov 26,2020 - why tertiary sector of economy is very much important than primary and secondary sector? Development of information technology : The development of information and commu­nication technology has increased the importance of tertiary sector because now most of the people want to avail these services such as mobile phone, internet cafe etc. Primary sector economic activity such as cultivation of wheat. Basic services: In any country, several services such as hospitals, educational institutions, post and … No, I do not agree with this statement because of the reasons mentioned below: (a) The tertiary sector or the service sector in India employs many different kinds of people. ‘Tertiary sector is playing a significant role in the development of Indian Economy’. Ans. This has led to importance of tertiary sector. industries in india : agro based industries. In the past 100 years, there had been a further shift from secondary to tertiary sector in developed countries. Answer The importance of the Tertiary sector is rising because of the following reasons. Understanding Economic Development for Class 10th NCERT Sectors of the Indian Economy Primary, Secondary and Tertiary Sectors in India Lesson Progress 0% Complete Rising Importance of the Tertiary Sector in Production: By the end of 20th century and the beginning of 21st century, the tertiary […] These groups are known as sectors of an economy. which are basic for the development of the country. Performance & security by Cloudflare, Please complete the security check to access. Completing the CAPTCHA proves you are a human and gives you temporary access to the web property.