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<html><body><h2 id="content-id-3054698217-2"><b>Economics Questions Overview</b></h2><p>Economics Questions have a good weightage in the Ssc Gd Constable Exam and the type of question asked in Ssc Gd Constable exam is similar to the question mentioned below. It has been solved and explained by KD Live Experts under the guidance of Neetu Mam and they have tried to elaborate the concept used in Economics Questions.</p><h2 id="content-id-4680537921-3"><b>Question On Economics </b></h2>Consider the following statements regarding the sectors of the Indian economy:

Statement 1: The Quinary sector is often described as a subset of the Tertiary sector that involves high-level decision-making by 'Gold Collar' professionals.
Statement 2. When an economy develops, it typically experiences a structural shift where the share of the Primary sector in both GDP and employment decreases simultaneously at the same rate.
Statement 3. Real estate, medical tourism and other professional services are classified under the Tertiary sector.

Which of the statements given above is/are correct?
<div class="row show--dificulty--bar" style="margin-top:8px;"><div class="col-sm-6 show--dificulty--bar" style="display:inline-flex !important;border-right:0.1px solid #eee;"><h3 style="font-size:12px !important;">Difficulty : Easy </h3></div><div class="col-sm-6 show--dificulty--bar" style="display:inline-flex;"><h3 style="font-size:12px !important;"> Average Time : 49 Seconds </h3></div></div><h2 id="content-id-7034291586-4"><b> Economics Questions Options</b></h2><ol><li><p>Only 2 and 3</p>
</li><li><p>Only 1 and 3</p>
</li><li><p>Only 3</p>
</li><li><p>Only 1</p>
</li></ol> <h2 id="content-id-3216790584-5"><b> Economics Questions Solution</b></h2><p>The correct answer is <strong>option 2</strong> i.e <strong>only 1 and 3</strong>.</p>

<p><strong>Statement 1 correctly identifies</strong> the Quinary sector's nature which includes the government individuals who are responsible for the highest levels of decision-making in a society and <strong>Statement 3 correctly classifies</strong> real estate and professional services as part of the Tertiary sector. <strong>However, Statement 2 is false because</strong>, in India, the share of the Primary sector in GDP has declined much faster than its share in employment. It simply means that the Primary sector (agriculture and allied activities) still employs approx 50% of the population but its share in GDP is approx 12-15% only.</p>
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