Which of the following activities is NOT a Market

Q: Answer-Which of the following activities is NOT a Market Economic Activity?

Economic activities have two parts market activities and non-market activities. Market activities involve remuneration to anyone who performs i.e., activity performed for pay or profit. These include production of goods or services, including government service. Non-market activities are the production for self-consumption. As rearing of cows for self-consumption of milk gets the owner no remuneration, it is a non-market economic activity.

Economic Activity?

A Employment in MGNREGA Correct Answer Incorrect Answer

B Employment in Government Civil Service Correct Answer Incorrect Answer

C Rearing of Cows for milk for own-consumption Correct Answer Incorrect Answer

D Employment in a Bank Correct Answer Incorrect Answer

E All of the above are Economic Activity Correct Answer Incorrect Answer

Solution

Economic activities have two parts — market activities and non-market activities. Market activities involve remuneration to anyone who performs i.e., activity performed for pay or profit. These include production of goods or services, including government service. Non-market activities are the production for self-consumption. As rearing of cows for self-consumption of milk gets the owner no remuneration, it is a non-market economic activity.

Practice Next

More Economic and Social Issues ESI Questions

√2024.84 + (24.86% of 1999.81) - (3/8 of 800.15) = ?
111.89 × 4.12 – 504.04 ÷ 2.12 = 170.12 + ?
(15.99)² + 219.98% of 20.01 = ?² × 75.01%
20.05% of 150.05 – 12.15% of 99.99 × 2.02 = ?
960.11 ÷ 23.98 × 5.14 – 177.9 = √?
What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exact value.)

The base of a prism is an equilateral triangle with a perimeter of 36 cm. If the height of the prism is 12 cm, calculate the volu...
1449.98 ÷ 50.48 × 10.12 = ? × 2.16
14.23² + 19.98% of 629.99 = ? × 6.99

Relevant for Exams:

Management Aptitude Test (MAT)

Thank You for posting your query. Please check your email for further guidance

Please Register/Login to Download Question