WBCS.LIVE practice question

Which sector contributed the most to the real Gross Value Added at basic prices in the last decade?

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. Public administration, defence and other services
  2. Financing, real estate and professional services
  3. Manufacturing, construction, electricity, gas and water supply
  4. Trade, hotels, transport and communication

Correct answer and explanation

Correct answer: Financing, real estate and professional services

Explanation: āœ… Correct Answer: B) Financing, real estate and professional services šŸ“š Explanation: Over the last ten years, the sector of 'financing, real estate, and professional services' has contributed the most to India's economic growth. This shows the rapid rise of the service economy in urban areas. This sector now makes up a very large part of the country's total Gross Value Added (GVA). It has overtaken older sectors like manufacturing and agriculture in terms of value.