1.

Write an article on employment possibilities in the service sector.

Answer»

Personnel is mainly recruited at the post of clerk-cum-cashier, and probationary officer in the management cadre. In addition to this, employment opportunities are being made available for the post of the computer network in charge, marketing officer, vehicle loan officer, personnel training officer, home loan sales officer and credit card sales representative. 

(1) Employment opportunities in the Insurance sector: 

Two types of insurance are there life insurance and general insurance. Life Insurance Corporation of India is providing employment in different categories through its 1 corporate office, 8 regional offices, 105 divisional offices and 3250 branch offices. After 1991, the life insurance sector was reopened to private and foreign companies. At present, employment opportunities are available through 8768 offices in the private sector.

About 2 lac 85 thousand personnel are currently employed in the Life Insurance sector and employment is also provided to 29 lac 10 thousand personal agents. In the private sector, Bajaj Allianz General Insurance Company Limited, ICICI Lombard General Insurance Company Limited, TATA AIG General Insurance Company limited, Star Health And Allied General Insurance Company Limited are mainly included. Employment opportunities in General Insurance business include posts of Clerk, Marketing officer, Actuary, Insurance agent, Development officer, Administrative officer, Surveyor.

(2) Employment Opportunities in the Banking Sector: 

Banks are considered to be the foundation of trade, industry and economy. After the nationalization of banks in 1969, banking services were extended to distant areas by public sector banks. Under the economic liberalization in 1991, banking was introduced in the private sector. The banking business is growing rapidly due to various facilities such as debit card and tally banking. Net banking, ATM machines and credit cards are providing 24×7 banking services.

The major banks in the public sector include State Bank of India, Bank Of Baroda, Punjab National Bank, United Commercial Bank, Dena Bank, Indian Bank, Syndicate Bank. At present, about 70421 branches of these Banks are functioning and 6.18 lakh personnel are employed in them. The private sector banks include HDFC, ICICI, Axis Bank, Yes Bank, etc. About 14581 branches in the private sector are operational at present.

Personnel is mainly recruited on the post of clerk-cum-cashier, and probationary officers in the management cadre. Other than that, the computer network in charge, marketing officer, vehicle loan officer, home loan sales officer, legal advisor and credit card sales representative are also appointed.

(3) Employment opportunities in Capital Market: 

The trading of shares, credit notes, bonds and debentures is done in the capital market. Capital market is the blood of the economy of a country where trading worth billions of rupees is done every day. Both direct and indirect trading is done. Direct Business is the one in which the traders themselves apply to the public holding and sale/purchase shares and debentures in the stock market.

This involves higher risks of profit and loss. While indirect business includes mutual funds, where the trader himself does not do the trading, instead. fund companies buy and sell in large volumes in the form of their representatives, so that the risks are minimized for traders and returns are assured. Employment opportunities in Retailing, Products related to pregnant women, infants and children are available.

Today, there is an increasing trend in fashion and show in India. There exists a very great possibility in the retailing of sarıs and traditional attire. The trend and extent of the practice of giving-receiving gifts are increasing rapidly in India. The possibilities of health-promoting products have increased in the retail business. Extensive changes have come in lifestyle due to such related sectors.



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