Which of the following is a characteristic of the Indian service sector?
A. Largest contributor to GDP and significant employment generation in recent decades
B. Complete dependence on agriculture
C. Absence of IT and ITES services
D. Low contribution to GDP
Answer: Option A
Solution (By JKSSB Mock Tests)
The services sector is the largest contributor to India's GDP and has been a major driver of growth, particularly through IT, financial services, trade and tourism.
Explanation:
A mixed economy is characterised by the coexistence of both public and private sectors, with government intervention to correct market failures.
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