Test: The Value of Work - 1 - Class 6 MCQ

Selling vegetables in the market is an economic activity because it involves the exchange of goods for money, generating income for the seller. Economic activities are those that provide monetary value.

Topic in NCERT: Economic Activities

Line in NCERT: "Economic activities are those that involve money or are performed in exchange for money or money's worth for the parties involved."

Non-economic activities are done out of love, care, gratitude, or respect and do not involve monetary gain. Examples include parents cooking for their family or volunteering in the community.

Topic in NCERT: The Importance of Non-Economic Activities

Line in NCERT: "While non-economic activities may not involve money, the value they generate is important in our lives."

Volunteering at a community kitchen is a non-economic activity because it is done without expecting monetary compensation. Such activities contribute to social welfare and personal satisfaction.

Topic in NCERT: The Importance of Non-Economic Activities

Line in NCERT: "This is a non-economic activity."

Payment in kind is considered an economic activity because it involves the exchange of goods or services for items of monetary value, even if it does not involve cash. This form of payment still generates economic value for the parties involved.

Topic in NCERT: Payment in kind

Line in NCERT: "Payment in kind: A non-cash payment that is received for the work performed."

Running a home-based business is an economic activity because it involves the exchange of goods or services for monetary value. This activity directly contributes to earning money or meeting financial needs.

The other options (A, B, D) are non-economic activities as they do not involve earning money or goods of value.

Topic in NCERT: The Value of Work

Line in NCERT: "Different types of activities, like the ones discussed above, are divided into two groups or categories: economic activities and non-economic activities."

In the context of economic activities, value addition refers to the process of transforming raw materials or basic goods into finished products that have a higher market value. For example, a carpenter turning wood into furniture adds value to the raw material (wood) by using skill, time, and effort to create something of greater worth.

Topic in NCERT: The Value of Work

Line in NCERT: "Rajesh has added value to the wood by turning it into furniture."

Value addition involves transforming raw materials into finished products that have a higher value. In this case, using wood to build furniture adds value to the raw material (wood) by turning it into a usable product that can be sold at a higher price.

Topic in NCERT: The Value of Work

Line in NCERT: "Rajesh has added value to the wood by turning it into furniture."

Teaching in a school is considered an economic activity because teachers receive a salary or fees for their professional services, contributing to their income and the economic value of education.

Topic in NCERT: Economic Activities

Line in NCERT: "Economic activities are those that involve money or are performed in exchange for money or money's worth for the parties involved."

The primary purpose of non-economic activities is to fulfill personal and social needs without monetary gain. These activities are motivated by love, care, and social responsibility.

Topic in NCERT: The Importance of Non-Economic Activities

Line in NCERT: "While non-economic activities may not involve money, the value they generate is important in our lives."

An economic activity involves work that generates income or is done in exchange for monetary value. Working in a factory for a wage is a clear example of an economic activity, as it involves earning money for the work performed.

Topic in NCERT: Economic Life Around Us

Line in NCERT: "Economic activities are those that involve money or are performed in exchange for money or money's worth for the parties involved."