The CA Hub

PRC-3 · Chapter 1 · Question 54 of 61

A heavy industry firm purchases raw iron ore from mining companies and transforms it into structural steel beams used in construction. Which sector of the economy does this transformation process belong to?

Test yourself: pick an answer

Reveal answer & explanation

Correct answer: B) Secondary sector

Explanation

The secondary sector encompasses manufacturing and construction, where raw materials extracted by the primary sector are transformed into finished or semi-finished goods.

All 61 questions in Chapter 1Nature of Business MCQs with answers

More Nature of Business MCQs

Sponsored slot availableRun a CA academy or hiring firm? Put your name in front of students preparing for this exam.Advertise →