Service Sector Growth and Impact

The video discusses the evolution of economic sectors in India from 1973 to 2003, highlighting the significant growth of the tertiary sector. It explains how the service sector became dominant due to factors like government services, improved transportation, trade, and the rise of information technology. The video concludes with a recap of these factors and their impact on employment and economic development.

Which sector became the dominant industry in India from 1973 to 2003?

• Primary Sector

• Secondary Sector

• Quaternary Sector

• Tertiary Sector

What was one of the key reasons for the rise of the service sector?

• Reduction in foreign trade

• Decline in industrial output

• Increase in government-provided basic services

• Decrease in agricultural production

How did transportation contribute to the growth of the service sector?

• By increasing the speed of communication

• By decreasing the cost of production

• By reducing the need for trade

• By facilitating the movement of goods to markets

What significant change occurred in the service sector after the 1990s?

• Introduction of Information Technology services

• Decline in employment opportunities

• Reduction in income levels

• Decrease in government involvement

Why do people prefer working in the service sector according to the transcript?

• Higher risk of income

• Guaranteed and secure income

• Less work compared to other sectors

• More government jobs available

What is the impact of software solutions on the service sector?

• They led to a decline in the service sector

• They initiated the process of accommodating millions of workers

• They had no significant impact

• They decreased employment opportunities

What role did international trade play in the service sector's growth?

• It limited the exchange of goods

• It increased the demand for local products

• It facilitated the exchange of products globally

• It reduced the need for transportation

Which of the following is NOT a basic service provided by the government?

• Banking system

• Telegraph system

• Postal system

• Agricultural production

What is one of the key factors that made the service sector dominant?

• Rise in income levels

• Decrease in population

• Reduction in educational opportunities

• Lack of technological advancement

What is the conclusion about employment distribution across sectors?

• The tertiary sector is the only sector providing jobs

• Primary and secondary sectors are no longer important

• Only the service sector employs people

• All sectors employ people, with a significant number in the service sector