Economic Activity, Cost and Revenue

Q.

Define economic activity?

Q.

Name two broad categories of business activities.

Q. refers to the expenditure incurred by a producer on the goods produced.

1. Cost price
2. Retail price
3. Selling price
4. Minimum price

Q.

Give Any Ten Example Of Economic And Non-Economic Activity For Our Daily Life

Q. Who propounded that production, distribution, exchange, and consumption of goods and services are different parts of economic activities?

1. Prof. Boulding
2. Prof. Adam Smith
3. Prof. Amartya Sen
4. Prof. Gita Gopinath

Q. Which of the following can be classified as economic activities?

1. Flying kites
2. Banking
3. Donating to charity
4. Manufacturing bottles

Q. Economic activities are performed for

1. Recreation
   
2. Self-interest
   
3. Earning money
   
4. Entertainment
   

Q. activities are carried out with the intention to make profit.

1. Economic
2. Non-economic
3. Capital
4. Supply

Q. Select the part(s) of economic activities among the following.

1. Consumption
2. Production
3. Exchange
4. Distribution