The correct answer is: C) Tertiary Sector
The tertiary sector is the service sector of the economy. It includes activities that provide services to consumers and businesses, such as retail, finance, insurance, real estate, tourism, and hospitality. The tertiary sector is the largest sector of the economy in most developed countries, including India. In Karnataka, the tertiary sector contributes more than 50% to the state’s gross state domestic product (GSDP).
The primary sector is the sector of the economy that extracts natural resources, such as agriculture, forestry, and fishing. The secondary sector is the sector of the economy that transforms raw materials into finished goods, such as manufacturing, construction, and mining. The quaternary sector is the sector of the economy that provides knowledge-based services, such as research and development, education, and healthcare.
The tertiary sector is the largest sector of the economy in most developed countries because it is the most efficient way to produce and deliver services. Services can be produced and delivered more quickly and cheaply in the tertiary sector than in the primary or secondary sectors. The tertiary sector is also the most dynamic sector of the economy, as it is constantly evolving to meet the needs of consumers and businesses.
In Karnataka, the tertiary sector is the largest sector of the economy because it is home to a number of major cities, such as Bangalore, Mysore, and Hubli-Dharwad. These cities are home to a large number of businesses and industries, which provide a wide range of services to consumers and businesses. The tertiary sector is also the fastest growing sector of the economy in Karnataka, as the state is attracting a growing number of foreign and domestic investments.