banking service

What percentage of world gross value added does the services sector contribute?

• 30%

• 90%

• 50%

• 70%

When did the prominence of the services sector in global trade begin?

• Early 20th century, around the 1920s.

• Late 20th century, particularly the 1980s and 1990s.

• Mid 20th century, specifically the 1950s.

• Late 19th century, particularly the 1890s.

What role does the banking service play in a country's economy?

• Banking services primarily focus on currency exchange rates.

• Banking services are only relevant for large corporations.

• Banking services do not influence consumer spending.

• Banking services are essential for facilitating investments, savings, and the overall financial stability of a country's economy.

What is the most important type of bank in a nation?

• Commercial Bank

• Retail Bank

• Central Bank

• Investment Bank

How much of India's gross value added growth did the services sector contribute in 2015-16?

• 55%

• 75%

• 65%

• 45%

What are some examples of service businesses mentioned in the text?

• Car repair shops

• Restaurants, hair salons, cleaning services

• Bookstores

• Grocery stores

What fraction of global trade is attributed to the services sector?

• 50%

• 30%

• 15%

• 20%

How does the services sector impact employment worldwide?

• The services sector significantly impacts global employment by creating diverse job opportunities and contributing to economic stability.

• The services sector is primarily responsible for job losses in manufacturing.

• The services sector has no effect on global employment.

• The services sector only creates low-paying jobs worldwide.

What is the significance of foreign direct investment flows in the services sector?

• Foreign direct investment flows are primarily focused on agricultural development.

• Foreign direct investment flows have no impact on job creation.

• Foreign direct investment flows only benefit the manufacturing sector.

• Foreign direct investment flows in the services sector are crucial for economic growth, job creation, and improved service quality.

What is the general definition of a bank?

• A bank is a place where people store food.

• A bank is an organization that provides free internet services.

• A bank is a financial institution that accepts deposits and provides loans.

• A bank is a type of retail store that sells clothing.