Question

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

• A. (i) and (ii)
• B. (i) and (iii)
• C. (i), (ii), and (iii)
• D. (ii), (iii), and (iv)

Answer 1

The correct option is B (i) and (iii)

The activities performed for money, either pay or profit, are called market activities. In cases (i) and (iii), people are working for payment or profit. Hence, these activities are classified as market activities. Non-market activities are performed for self-consumption, not for money. In cases (ii) and (iv), people are not engaged in market activities.