General Knowledge

Economy

Easy

Which of the following statements about the sectors of the economy is CORRECT?

Quaternary activities involve research, development, and innovation in technology and sciences.

Tertiary activities include agriculture, mining, and fishing.

Primary activities involve processing raw materials for finished goods.

Secondary activities encompass trade and commerce in goods and services.

✅ Correct Option: 1

Quaternary activities involve research, development, and innovation in technology and sciences, making this statement correct.

Tertiary activities involve providing services like banking and healthcare rather than agriculture or mining.

Primary activities involve extracting raw materials directly from the earth, not processing them into finished goods.

Secondary activities involve manufacturing and processing raw materials into finished products, not trade and commerce.

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Solution