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Read the following statement given below and choose the correct alternative
Statement 1- In all the three sectors , service sector is emerging as a major player of development
Statement 2- China’s growth is contributed by the manufacturing and service sector
Both are correct
Both are incorrect
Statement 1 is correct and statement 2 is incorrect
Statement 1 is incorrect and statement 2 is correct
- Statement 1: The service sector is indeed a significant driver of economic development across various nations. It contributes substantially to GDP and employment in many countries, often more than the agriculture and industrial sectors.
- Statement 2: China's growth is primarily fueled by the manufacturing sector, which is a global powerhouse. However, in recent years, the service sector has also been growing and contributing significantly to China's GDP.
- Option 1: Both statements are correct. The service sector is a development driver globally, and China's growth includes contributions from both manufacturing and services.
- Option 2: Both statements are incorrect. This option doesn't hold as both statements have elements of truth.
- Option 3: This suggests the global service sector is key, but not in China. It misses the mark as China's service sector is growing in importance.
- Option 4: This implies the opposite of the provided facts, as both sectors contribute to development.
By: santosh ProfileResourcesReport error
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