Commercial and Non Commercial Activities

Which of the following is not an economic activity?

• A doctor practicing

• A lawyer practicing law

• A professional cricketer playing cricket

• A student playing cricket

Which of the following is an employment?

• A teacher teaching in a school

• A charted accountant working in a company

• a vendor selling vegetables door to door

• A charted accountant working as an external auditor

Human activity is broadly divided into two categories. They are:

• Employment

• Commercial activities

• Profession

• Non commercial activities

The main objective of economic activity is to

• work in an NGO

• help poor

• create wealth

• earn profit

Economic activities are also called

(a)  

Activities which are undertaken to satisfy social, religious, cultural and sentimental requirements are called

(a)  

All organisations which carry on business activities are called

• business enterprises

• employment

• profession

• non economic activity

(a)   is the reward of a businessman.

(a)   is the reward of a professional.

reward in a case of employment is (a)