61 Questions
What is the primary characteristic of tertiary activities?
Provision of services in exchange for payments
In which sector of the economy do professionals like doctors, lawyers, and teachers provide their services?
Tertiary sector
What is the significance of manpower in the service sector?
It is an important component of the service sector
In a developed economy, what is the proportion of workers employed in the tertiary sector?
A majority
What is the output of tertiary activities measured in terms of?
Wages and salaries
What is exchange involved in tertiary activities?
Trade, transport, and communication facilities
What is the primary factor that determines the mode of transport?
Distance in terms of time or cost
What is the term for the meeting point of two or more routes?
Node
What is the purpose of isochrone lines on a map?
To show the time taken to reach different places
What is the role of wholesalers in the supply chain?
They buy goods from manufacturers and sell to retailers
What is the impact of population size on transport demand?
It increases the demand for transport
What is the primary function of transport?
To provide a service or facility
What is the result of efficient transportation on communication?
It makes communication easier
What is the role of modern technology in telecommunications?
It speeds up the communication process
What is the purpose of satellite communication?
To relay information of the earth and from space
What is the impact of modern communication systems on the global communication system?
It has revolutionised the communication process
Which of the following activities is not typically considered a quaternary service?
Manufacturing computers
What is a major consequence of outsourcing jobs to other countries?
Dissatisfaction among job seekers in the outsourcing country
What is the primary difference between BPO and KPO?
BPOs have better business opportunities, while KPOs have limited opportunities
What is the main reason for the growth of the service sector in modern economies?
Shift in focus from goods to services
What is the primary purpose of transport and communication services?
To connect businesses and customers
What is the term for the gap in access to digital technology and the internet?
Digital divide
What is the main purpose of outsourcing?
To improve efficiency and reduce costs
Which sector has replaced most of the primary and secondary employment as the basis for economic growth?
Quaternary Sector
What is the term used to describe the transfer of work to overseas locations?
Off-shoring
What is the main reason for outsourcing IT-related services to countries like India and China?
To access low-wage skilled staff
What is the term used to describe the uneven distribution of ICT access and benefits across the globe?
Digital Divide
What is the nature of work referred to as 'White Collar'?
Knowledge-based work
What is the term used to describe the activities that involve high degrees and level of innovations?
Quinary activities
What is the main characteristic of Quaternary activities?
They are not localised by market
What is the sector that provides most of the employment in Delhi, Mumbai, Chennai, and Kolkata?
Quaternary Sector
What is the main function of Knowledge Process Outsourcing (KPO)?
To create additional business opportunities
What is a common characteristic of landscapes that attract tourists?
They have been untouched by human activities
What is the primary reason why tourists visit ancient or picturesque towns and archaeological sites?
To explore historical and artistic attractions
What is a common feature of medical tourism in countries like India and Thailand?
Medical services at a cheap cost
What is the main benefit of outsourcing medical tests and data interpretation?
Improving the quality of medical services
What is the primary characteristic of quaternary activities?
They centre around research, development and specialised knowledge
What is the term used to describe the highest level of decision makers or policy makers?
Quinary professionals
What is the main difference between knowledge processing outsourcing (KPO) and Business Process Outsourcing (BPO)?
KPO involves highly skilled workers, while BPO involves low-skilled workers
What is the term used to describe the trend of outsourcing medical services to countries like India and Switzerland?
Outsourcing
What is the primary reason why countries like India and China are attracting outsourcing businesses?
They offer cheap and skilled workers
What is the term used to describe the trend of combining medical treatment with international tourism activity?
Medical tourism
What is the primary characteristic of low-order services?
They are more widespread and common than high-order services.
What is the primary reason for the location of recreational and entertainment services in or near the Central Business District (CBD)?
To serve the working population and tourists in the area.
What is the trend in employment in the tertiary sector in more developed countries?
It has been increasing while the primary and secondary sectors have been decreasing.
What is the main purpose of tourism?
To engage in recreational activities and experience different cultures.
What is the main reason for the popularity of tourism in Southern Europe and the Mediterranean lands?
The consistent warm and sunny weather throughout the year.
What is the primary characteristic of professional services?
They are primarily concerned with mental labor and include services such as health care and engineering.
What is the main purpose of regulating services?
To supervise and control the marketing of services such as transport and telecommunication.
What is the primary characteristic of personal services?
They are provided to facilitate the daily lives of people.
What is the main reason for the growth of infrastructure industries in tourist regions?
The growth of tourism and the demand for services such as accommodation and transport.
What is the primary characteristic of high-order services?
They are highly specialized and cater to a specific niche.
What is the primary characteristic that distinguishes tertiary activities from secondary activities?
Specialised skills, experience and knowledge of the workers
What is the main purpose of trade in tertiary activities?
To buying and selling of items produced elsewhere
What type of tertiary activity involves the sale of goods directly to the consumers?
Retail trading
What is the primary function of rural marketing centres?
To serve as trading centres of the most rudimentary type
What is the characteristic of periodic markets in rural areas?
They are held on specified dates and move from one place to another
What is the primary advantage of chain stores in retail trading?
They are able to purchase merchandise most economically
What is the primary difference between urban and rural marketing centres?
Urban centres provide more widely specialised urban services
What is the primary characteristic of tertiary activities?
They do not involve the production of physical goods
What is the primary function of trading centres or collection and distribution points?
To make available goods and services
This quiz covers the concept of services in economics, including health, education, law, governance, and recreation. It explores how professionals provide special skills in exchange for payment. Test your understanding of this important economic concept!
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