Multiple choice

Banking Sector will fall under which of the following sectors?

  1. Agriculture Sector

  2. Service Sector

  3. Manufacturing

  4. Industrial Sector

  5. None of these
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The banking sector falls under the Service Sector (also called the Tertiary Sector) of the economy. The service sector includes activities that provide services rather than producing physical goods. Banking, financial services, insurance, and other similar services are quintessential service sector activities. The other options - Agriculture (Primary Sector), Manufacturing, and Industrial Sector (Secondary Sector) - involve production of goods, not services.

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