Time: 1 hour
M.M: 30
Instructions: Attempt all questions.
Q1: What is the primary difference between economic and non-economic activities? (1 Mark)
Ans: Economic activities involve money or money's worth, while non-economic activities do not generate income and are done out of feelings like love or care.
Q2: What is the monetary value of an object based on personal benefit called? (1 Mark)
Ans: It is called "money's worth."
Q3: Fill in the blank: A fixed regular payment, generally paid monthly by an employer to an employee, is called a _______. (1 Mark)
Ans: Salary
Q4: What is the Swachh Bharat Abhiyan focused on? (1 Mark)
Ans: It focuses on cleanliness and community participation in India.
Q5: What is the term used for a non-cash payment received for work? (1 Mark)
Ans: Payment in kind
Q6: List two types of economic activities and explain how they support society. (2 Marks)
Ans:
Production activities: Farmers growing crops provide food for the community.
Service activities: Truck drivers transporting goods ensure that products reach markets and consumers.
These activities support society by meeting basic needs and enabling smooth trade and consumption.
Q7: Describe two examples of non-economic activities and their importance. (2 Marks)
Ans: 1. Parents cooking food for the family is important for nurturing and family bonding.
2. Family members helping in the renovation of the house promotes cooperation and improves living conditions without monetary gain.
Q8: What is sevā, and how does it benefit the community? (2 Marks)
Ans: Sevā is selfless service, seen in places like langars at gurudwaras where free food is served. It fosters satisfaction, gratitude, and contributes to society without expecting return.
Q9: Define value addition in one line and explain why it is important for producers. (3 Marks)
Ans:
Value addition is the increase in worth that happens when raw material is transformed into a finished product at every stage of production. It is important because it rewards producers for their time, skill, and effort, covers the cost of tools and resources used, and motivates them to improve quality. Value addition also helps producers earn profit, sustain their livelihood, and contribute to the economy by creating goods that have higher market value.
Q10: Discuss the role of community participation in non-economic activities like Van Mahotsav. (3 Marks)
Ans: Van Mahotsav is a tree plantation festival where community members actively take part to raise awareness about the importance of trees and forests. It brings people together with a shared goal of protecting nature and improving their surroundings. Such participation not only creates a greener environment but also encourages a sense of responsibility and cooperation. Like the Swachh Bharat Abhiyan, it shows how collective efforts can lead to long-term benefits for society and future generations.
Q11: Identify three ways people are compensated for economic activities and provide an example for each. (3 Marks)
Ans: People can be compensated for economic activities in different ways:
Q12: Compare the contributions of economic and non-economic activities to everyday life with examples. (5 Marks)
Ans:
Q13: Explain how economic activities create monetary value, using examples. (5 Marks)
Ans:
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