Quiz 6.3 - State the Contribution of Service Industries to Development

Which of the following is NOT part of the service industry?

Banking

Correct Incorrect Correct answer

Insurance

Correct Incorrect Correct answer

Farming

Correct Incorrect Correct answer

Transportation

Correct Incorrect Correct answer

The service industry contributes to Nigeria’s economy mainly through:

Production of raw materials

Correct Incorrect Correct answer

Provision of intangible goods

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Manufacturing of machines

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Mining of minerals

Correct Incorrect Correct answer

Which service sector contributes significantly to Nigeria’s GDP?

Oil drilling

Correct Incorrect Correct answer

Banking and finance

Correct Incorrect Correct answer

Cocoa farming

Correct Incorrect Correct answer

Fishing

Correct Incorrect Correct answer

Tourism is important in the service industry because it:

Increases food production

Correct Incorrect Correct answer

Attracts foreign exchange earnings

Correct Incorrect Correct answer

Decreases government revenue

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Reduces employment opportunities

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One major contribution of the telecommunications sector to the economy is:

Improved manufacturing capacity

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Increased connectivity and job creation

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Export of crude oil

Correct Incorrect Correct answer

Reduction of banking services

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The service industry enhances trade and commerce mainly through:

Transport and communication

Correct Incorrect Correct answer

Mining and quarrying

Correct Incorrect Correct answer

Farming and fishing

Correct Incorrect Correct answer

Refining petroleum

Correct Incorrect Correct answer

Which of the following is a direct contribution of the service industry?

Construction of dams

Correct Incorrect Correct answer

Provision of health care services

Correct Incorrect Correct answer

Growing of cash crops

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Extraction of minerals

Correct Incorrect Correct answer

The education sector contributes to national development as a service industry by:

Building factories

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Training skilled manpower

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Exporting crude oil

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Mining coal

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Which of the following best describes the overall role of service industries in economic growth?

They add no value to development

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They provide support to production and improve living standards

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They only benefit the rich

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They reduce national income

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A major advantage of service industries in Nigeria is that they:

Depend solely on natural resources

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Are labor intensive and create jobs

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Require no technology to function

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Do not contribute to government revenue

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Quiz 6.3 – State the Contribution of Service Industries to Development

Quiz 6.3 – State the Contribution of Service Industries to Development

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