With reference to the sectors of the Indian economy, consider the following pairs: Economic activity Sector1. Storage of agricultural produce Secondary2. Dairy farm Primary3. Mineral exploration Tertiary4. Weaving cloth SecondaryHow many of the pairs given above are correctly matched?
✓ Correct answer: b) Only two
ExplanationEconomic activities are actions undertaken by individuals, businesses, or governments to produce, distribute, exchange, or consume goods and services with the aim of earning income or generating value.These activities form the backbone of an economy and are classified based on their nature and purpose.Economic activities are generally classified into four sectors based on their nature and role in the economy :Primary activities involve the direct extraction of natural resources and are labor-intensive, relying on environmental conditions.Examples include agriculture, fishing, forestry, mining, and oil drilling.Secondary activities focus on processing raw materials into finished or semi-finished goods through industrial production.This sector includes manufacturing industries such as steel production, textile weaving, car manufacturing, and construction.Tertiary activities provide services rather than goods and support both the primary and secondary sectors.Key examples include banking, healthcare, education, retail, transportation, and IT services.Quaternary activiti
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