CA Foundation Exam  >  CA Foundation Questions  >  Identify the activities that are undertaken t... Start Learning for Free
Identify the activities that are undertaken to earn a living?
  • a)
    Economic activities
  • b)
    Political activities
  • c)
    Social activities
  • d)
    Environment activities
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Identify the activities that are undertaken to earn a living?a)Economi...
The activities that are undertaken are economic activities.
This question is part of UPSC exam. View all CA Foundation courses
Most Upvoted Answer
Identify the activities that are undertaken to earn a living?a)Economi...
Economic activities refer to the activities that are undertaken by individuals or organizations to earn their livelihoods. These activities involve the production, distribution, and consumption of goods and services. The economic activities are essential for the growth and development of a country's economy. Some of the activities that fall under economic activities are:

1. Production: The process of creating goods and services by using various resources such as labor, capital, and land is known as production. This activity is carried out by businesses and individuals to earn a profit.

2. Trade: The exchange of goods and services between individuals or organizations is known as trade. It involves buying and selling of goods and services to earn a profit.

3. Services: The activities that involve providing services to customers are known as services. Services can be anything from healthcare to transportation.

4. Agriculture: Agriculture involves the production of crops, livestock, and other agricultural products. This activity is carried out by farmers to earn a livelihood.

5. Mining: Mining involves the extraction of minerals and other natural resources from the earth. This activity is carried out by mining companies to earn a profit.

6. Construction: Construction involves building structures such as buildings, bridges, and roads. This activity is carried out by construction companies to earn a profit.

In conclusion, economic activities are essential for the growth and development of a country's economy. These activities involve the production, distribution, and consumption of goods and services and are carried out by individuals and organizations to earn a livelihood.
Community Answer
Identify the activities that are undertaken to earn a living?a)Economi...
Correct answer is Option 'a' . Economic activities are undertaken to earn a living as the name itself denotes activities performed in the economy for achieving economic objectives of profit , survival and growth of business( which includes industry, trade and commerce). So these are called the activities for earning livelihood for our family and for fulfilling other respective needs . Economic activities play a major role in economic development of a country along with non economic activities.
Explore Courses for CA Foundation exam
Identify the activities that are undertaken to earn a living?a)Economic activitiesb)Political activitiesc)Social activitiesd)Environment activitiesCorrect answer is option 'A'. Can you explain this answer?
Question Description
Identify the activities that are undertaken to earn a living?a)Economic activitiesb)Political activitiesc)Social activitiesd)Environment activitiesCorrect answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Identify the activities that are undertaken to earn a living?a)Economic activitiesb)Political activitiesc)Social activitiesd)Environment activitiesCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Identify the activities that are undertaken to earn a living?a)Economic activitiesb)Political activitiesc)Social activitiesd)Environment activitiesCorrect answer is option 'A'. Can you explain this answer?.
Solutions for Identify the activities that are undertaken to earn a living?a)Economic activitiesb)Political activitiesc)Social activitiesd)Environment activitiesCorrect answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of Identify the activities that are undertaken to earn a living?a)Economic activitiesb)Political activitiesc)Social activitiesd)Environment activitiesCorrect answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Identify the activities that are undertaken to earn a living?a)Economic activitiesb)Political activitiesc)Social activitiesd)Environment activitiesCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for Identify the activities that are undertaken to earn a living?a)Economic activitiesb)Political activitiesc)Social activitiesd)Environment activitiesCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of Identify the activities that are undertaken to earn a living?a)Economic activitiesb)Political activitiesc)Social activitiesd)Environment activitiesCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Identify the activities that are undertaken to earn a living?a)Economic activitiesb)Political activitiesc)Social activitiesd)Environment activitiesCorrect answer is option 'A'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
Explore Courses for CA Foundation exam

Top Courses for CA Foundation

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev