Types of Activities and Sectors in an Economy

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  • Q1

    Which among the following is not a non-economic activity?

    Marks:1
    Answer:

    A girl selling her home made chocolates in market.

    Explanation:

    A girl selling her home made chocolates in market is not a non-economic activity. Non-economic activities refer to activities which are not related to wealth or money. People engage in these activities out of love, sympathy, patriotism, etc.

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  • Q2

    Attending marriage is considered as a __________.

    Marks:1
    Answer:

    social activity

    Explanation:

    Attending marriages, birthday parties, cultural events, etc are considered as social activity.

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  • Q3

    Which of the following activity is classified as market activities?

    Marks:1
    Answer:

    Selling fruits in market

    Explanation:

    Market activities are those activities which involve remunerations/ returns to one who performs the activity (in terms of profit, income, wages, rent, etc.). For example: selling fruits in market, working in offices, etc.

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  • Q4

    There are basically _______ types of economics activities.

    Marks:1
    Answer:

    two

    Explanation:

    There are basically two types of economics activities, non-market and market activities.

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  • Q5

    When a person goes to market to purchase something, this activity is known as ________.

    Marks:1
    Answer:

    economic activity

    Explanation:

    A person goes to market to purchase something; this activity is known as economic activity. The activities which are concerned with money or wealth are called economic activities.

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