revision test no 14

All human activities can be broadly classified into

• a) Productive activities

• b) Economic Activities

• c) Non - Economic Activities

• both (b) and (c)

All activities which are undertaken to earn a living and thereby satisfy human wants

• a) Economic Activities

• b) Commercial Activities

• both (a) and (b)

A doctor treating a patient in his clinic is an examples of

• Non - commercial activities

• Economic Activity

• Non-Economic Activity

Economic activities are also known as

• Passion

• occupation

• Desire

• Wish

Profession, Employment and Business are types of

• Non - Commercial Activities

• Non - Economic Activities

• Commercial Activities

The objective of profession is

• to earn profit

• to render service for economic gains

• to earn wages or salary

Which of the following are the features of profession

• Specialised body of knowledge

• restricted entry

• formal framing

• All the options

Choose the primary industries from the options below

• Extractive industries

• Genetic industries

• Both the options

Tertiary sector is also known as

• Service sector

• industrial sector

• Manufacturing sector

• all are true

Which of the following is not a feature of sole proprietorship?

• Single ownership

• one man control

• no legal entry

• Mutual agency