Question

Read the following statements carefully regarding ‘tertiary activities’ and choose the correct option:

1. Tertiary activities include both production and exchange of services.
2. Tertiary activities involve the commercial output of services.
3. Tertiary activities are directly involved in the processing of raw material.
4. The examples of tertiary activities are - plumber, doctor, publisher.

Options

• Only I, II and III are correct.

• Only I, II and IV are correct.

• Only I, III and IV are correct.

• Only II, III and IV are correct.

Answer 1

Only I, II and IV are correct.

Explanation:

Tertiary activities, such as those of doctors and plumbers, are more focused on delivering services than on creating goods. Statement III is inaccurate since raw material processing is a feature of secondary activities (industry), whereas tertiary sectors centre around commercial exchange and the creation of specialised knowledge.