Class 9 Exam > Class 9 Questions > Which of the following is not an economic act...
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Which of the following is not an economic activity?
- a)Banking
- b)Teaching
- c)Dairy farming
- d)Farming for self-consumption
Correct answer is option 'D'. Can you explain this answer?
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Verified Answer
Which of the following is not an economic activity?a)Bankingb)Teaching...
The correct option is Option D.
Non-marketing activities include things which are not economic and comprises of the exchange system. These are performed for self-consumption. For example subsistence farming, processing of primary products, etc.
Most Upvoted Answer
Which of the following is not an economic activity?a)Bankingb)Teaching...
Explanation:
Economic activity refers to any activity that involves the production, distribution or consumption of goods and services for monetary gain. It includes all activities related to the buying and selling of goods and services, as well as those connected with the production and distribution of such goods and services.
The options given in the question are:
a) Banking - It involves the buying and selling of financial products and services for profit.
b) Teaching - It involves the imparting of knowledge and skills to students for monetary gain.
c) Dairy farming - It involves the production of milk and other dairy products for sale and profit.
d) Farming for self-consumption - This is not an economic activity as it does not involve the production, distribution or consumption of goods and services for monetary gain. It is done for personal consumption and not for sale or exchange.
Therefore, option 'D' is the correct answer as it is not an economic activity.
Summary:
- Economic activity involves the production, distribution or consumption of goods and services for monetary gain.
- Banking, teaching and dairy farming are economic activities.
- Farming for self-consumption is not an economic activity.
Economic activity refers to any activity that involves the production, distribution or consumption of goods and services for monetary gain. It includes all activities related to the buying and selling of goods and services, as well as those connected with the production and distribution of such goods and services.
The options given in the question are:
a) Banking - It involves the buying and selling of financial products and services for profit.
b) Teaching - It involves the imparting of knowledge and skills to students for monetary gain.
c) Dairy farming - It involves the production of milk and other dairy products for sale and profit.
d) Farming for self-consumption - This is not an economic activity as it does not involve the production, distribution or consumption of goods and services for monetary gain. It is done for personal consumption and not for sale or exchange.
Therefore, option 'D' is the correct answer as it is not an economic activity.
Summary:
- Economic activity involves the production, distribution or consumption of goods and services for monetary gain.
- Banking, teaching and dairy farming are economic activities.
- Farming for self-consumption is not an economic activity.
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Community Answer
Which of the following is not an economic activity?a)Bankingb)Teaching...
Option D is correct because in the above three options they are earning money and contributing to their own encome as well as national encome but in option D anyone is not getting any money they are farming for their own consumption.
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Which of the following is not an economic activity?a)Bankingb)Teachingc)Dairy farmingd)Farming for self-consumptionCorrect answer is option 'D'. Can you explain this answer?
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