Which of the following is a tertiary sector activity? MCQ with Answer and Explanation

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Which of the following is a tertiary sector activity?

A. Construction

B. Software services

C. Mining

D. Agriculture

Answer: Option B

Solution (By JKSSB Mock Tests)

Software services are part of the tertiary or services sector.

This question belongs to: Economy GK Economy Set 1

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Question #1

In the context of international trade, 'Terms of Trade' refer to:

A. Value of exports to value of imports

B. Ratio of import prices to export prices

C. Volume of exports to volume of imports

D. Ratio of export prices to import prices

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Correct Answer: Option D

Explanation:
Terms of Trade (TOT) is the ratio of a country's export prices to its import prices, usually expressed as an index.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Income Tax Assessment' in India is done by:

A. Income Tax Department

B. NITI Aayog

C. RBI

D. SEBI

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Correct Answer: Option A

Explanation:
Income Tax assessment is done by the Income Tax Department.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is a characteristic of the 'Universal Basic Services' proposal?

A. Only cash transfers without any public services

B. Public provision of a range of essential services free at the point of use as a complement or alternative to basic income

C. Only private provision of all services

D. Only targeted residual welfare

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Correct Answer: Option B

Explanation:
Universal basic services advocates the collective provision of a set of essential services—such as health, education, housing, transport and information—available to all citizens free or at low cost.

This question belongs to: Economy GK Economy Set 1

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