Consider the following statements regarding Quinary sector 1 It focuses on new technologies 2 It is ...........

Geography and Environment Industry

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Consider the following statements regarding Quinary sector:

1. It focuses on new technologies.

2. It is also known as a Gold collar job.

3. Research scientists are part of this sector.

4. It is a subdivision of Quaternary activities.

Which of the statements given above is/are correct?

1 and 4 only

2, 3 and 4 only

3 only

1, 2, and 3 only

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Explanation:

Statement 1 is correct. Quinary activities are services that focus on the creation, re arrangement and interpretation of new and existing ideas; data interpretation and the use and evaluation of new technologies.
Statement 2 is correct and statement 4 is incorrect. Often referred to as the ‘gold collar’ profession and it represents another subdivision of the tertiary sector (Not Quaternary). The highest level of decision makers or policy makers performs quinary activities. These are subtly different from the knowledge-based industries that the quinary sector generally deals with.

Statement 3 is correct. Representing special and highly paid skills of senior business executives, government officials, research scientists, financial and legal consultants, etc. Their importance in the structure of advanced economies far outweighs their numbers.