Question

The sector under which activities involves exploitation of the natural resources is _______.
1. Primary Sector
2. Secondary Sector
3. Tertiary Sector
4. Quaternary Sector

Answer 1

Correct Answer - Option 1 : Primary Sector

The correct answer is Primary Sector.

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• The economic activities which take place while exploiting the natural resources fall under the Primary Sector.
• Primary sector activities include
  • Mining 
  • Agriculture Activities
  • Oil exploration​​​​​
• ​​​​In general, all the other sectors or sub-sectors like Tertiary or Secondary depends on the primary sector.

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• Secondary Sector: It contains all the economic activities under which the raw materials extracted out of the primary sector are processed. The secondary sector also called the industrial sector as it contains the manufacturing industries like steel, food processing, etc.
• Tertiary Sector: All the economic activities where services are produced fall in the Tertiary Sector. Education, healthcare, banking, communication are important parts of the  Tertiary Sector.
• Quaternary Sector: The activities related to education, research, and development, etc comes under the Quaternary Sector. It is also known as the knowledge sector.
• Quinary sector: All the activities where top decisions are made comes under the Quinary Sector. The highest level of decisions makers in governments(including bureaucracy) and their private corporate sector fall under the Quinary sector. The number of people involved in the Quinary sector is low but they are considered to be the brain behind the socio-economic performance of an economy.​