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Economics · Class 12 Commerce

Ch 9Tertiary Sector — Class 12 Economics, concept-first.

Economists commonly divide every economy into three broad sectors based on the nature of the activity carried out. The primary sector draws output directly from nature — agriculture, animal husbandry, fishing, forestry and mining.

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Key concepts

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Meaning and Scope of the Tertiary Sector

The tertiary sector, or services sector, is the branch of the economy that produces intangible services rather than extracting natural resources (the primary sector) or manufacturing physical goods (the secondary sector)…

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Chapter contents

The NCERT structure, section by section. Open a section to see its questions, then read the concept-first solution.

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Meaning of the Tertiary Sector

Economists commonly divide every economy into three broad sectors based on the nature of the activity carried out.

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Composition of the Services Sector

The tertiary sector is not one uniform activity; it is a wide umbrella covering a number of distinct sub-sectors, each performing a different function in the economy.

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Growth and Contribution of the Tertiary Sector in India

Since the decades following Independence, and especially since the economic liberalisation reforms begun in 1991, India's tertiary sector has grown faster than either agriculture or industry, and its…

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Reasons for the Rapid Growth of the Tertiary Sector in India

Several forces working together explain why services have grown faster than the other two sectors in India over recent decades.

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Role of Information Technology and IT-enabled Services

Within the wider services sector, Information Technology (IT) and IT-enabled Services (ITeS) deserve separate attention because of how visibly they have shaped India's recent growth story.

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Importance and Challenges of the Tertiary Sector

Importance. The tertiary sector matters for reasons that go beyond its size in national income. It is the connective tissue that allows the primary and secondary sectors to function efficiently: trans…

Exercises

+Show 13 questions13 questions
  1. Q1What is meant by the tertiary sector? How does it differ from the primary and secondary sectors of the economy?Free
  2. Q2Classify the following activities into primary, secondary and tertiary: (a) growing paddy, (b) weaving cotton into cloth, (c) running a bus…Free
  3. Q3Explain the composition of the services sector. What are its major components?Free
  4. Q4Explain the role of trade, transport and communication as components of the tertiary sector.Preview
  5. Q5Discuss the role of banking, insurance and real estate as parts of the services sector.Preview
  6. Q6Discuss the growth and contribution of the tertiary sector to India's Gross Value Added (GVA).Preview
  7. Q7Explain the contribution of the tertiary sector to employment generation in India. Why does its employment share lag behind its share of GDP…Preview
  8. Q8What are the reasons for the rapid growth of the services sector in India?Preview
  9. Q9Explain the role of Information Technology and IT-enabled Services (IT/ITeS) in India's economic growth.Preview
  10. Q10Discuss the importance of the tertiary sector in the Indian economy.Preview
  11. Q11What are the major challenges faced by the tertiary sector in India today?Preview
  12. Q12Study the following illustrative table on the broad direction of sectoral shares in India's GVA and employment over recent decades, and answ…Preview
  13. Q13Comment on the problem of regional concentration and uneven quality within India's services sector.Preview

Sample & Board Papers

Sample papers and previous-year board questions for this subject.

+Show 7 questions7 questions
  1. Q1Identify the problems in the development of transport sector in India.Preview
  2. Q2Write a short note on: L.I.C.Preview
  3. Q3Write a short note on: GOI cloudPreview
  4. Q4Write a short note on: R.B.I.Preview
  5. Q5What are the major objectives of LIC ?Preview
  6. Q6Write a short note on: Tertiary sectorPreview
  7. Q7Write a short note on: InfrastructurePreview