Arrange the following sub-sectors of the services sector of the Indian economy in ascending order of…
At current prices, the Economic Survey 2012-13 put trade, hotels and restaurants at about 18% of GDP, the largest services group, followed by financing, insurance, real…
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Arrange the following sub-sectors of the services sector of the Indian economy in ascending order of their contributions to the GDP in recent years :
I. Trade, hotels and restaurants
II. Transport, storage and communication
III. Financing, insurance, real estate and business services
IV. Community, social and personal services
Answer and explanation
Correct answer B
At current prices, the Economic Survey 2012-13 put trade, hotels and restaurants at about 18% of GDP, the largest services group, followed by financing, insurance, real estate and business services at about 16.6% and community, social and personal services at about 14%. Transport, storage and communication had the smallest share of the four. The ascending order is therefore II, IV, III, I; a code that begins with trade, hotels and restaurants starts with the largest group, not the smallest.
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UGC NET Economics