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NCERT Class 11 (Part 1) Chapter 1 Exam Questions & Answers 2024/2025
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NCERT Class 11 (Part 1) Chapter 1 Exam Questions & Answers 2024/2025
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NCERT Class 11 (Part 1) Chapter 1 ExamQuestions & Answers 2024/2025
Economic Activities - ANSWERSany action that relates to the making, buying, and selling of goods and services with the motive of earning the maximum profit possible.
Non-Economic Activity - ANSWERSActivities that are performed out of emotions and not meant for earning profit.
business - ANSWERSit refers to an occupation in which an individual deals with the production, purchase, and/or sales of goods and services on regular basis with a motive of earning the maximum profit possible.
Profession - ANSWERSa job that needs special education and training
employment - ANSWERSAn activity in which a person works regularly for another person for a fixed remuneration.
Make in India - ANSWERSIt is an initiative launched by the Government of India on 25 September 2014, to encourage national, as well as multinational companies to manufacture their products in India. The major objectives behind the 'Make in India' initiative are job creation and skill enhancement in 25 sectors
of the economy.
industry - ANSWERSeconomic activity concerned with the conversion of resources into useful goods.
Primary Industries (a classification of Industry) - ANSWERSIndustries dealing with the extraction and production of natural resources.
extractive industry (a classification of Primary Industries) - ANSWERSprimary activities involving the mining and quarrying of nonrenewable metallic and nonmetallic mineral resources.
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