Economic Activities and Their Types

Q. Choose the correct option.

Statement I: Market activities are performed for self-consumption of goods and services.
Statement II: Non-market activities are performed to earn money.

1. Both the statements are true.
2. Both the statements are false.
3. Statement I is true, but statement II is false.
4. Statement I is false, but statement II is true.

Q. Which of the following is not a market activity?

1. Growing vegetables for self-consumption
2. Cultivating paddy to sell in the market
3. Cultivating cash crops to sell in the market
4. Cultivating wheat to sell in the market

Q. Growing vegetables for self-consumption is an example of a market activity.

1. True
2. False

Q. Identify the market activities.
(i) Keshav selling vegetables in the village market
(ii) Karan cooking food for his family
(iii) Ramesh working in a private firm
(iv) Sakshi looking after her younger brother and sister

1. (i) and (ii)
2. (i) and (iii)
3. (i), (ii), and (iii)
4. (ii), (iii), and (iv)

Q. Identify the term used for activities that lead to the production of goods and services.

1. Non-economic activities
2. Economic activities
3. Productive activities
4. Non-productive activities