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Q1. A lawyer argues a case in court and earns a fee for it. This is an example of
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Q2. Parents cooking food for the family, without earning money, is best classified as
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Q3. Rajesh buys wood for Rs 600 and sells the finished chair for Rs 1,000. How much value has he added by his skill, time and effort?
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Q4. Sahil, a farm labourer, gets part of his payment in cash and the rest as mangoes of equal value. The mango part is an example of
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Q5. Rohan works for a salary as a software engineer and, on weekends, volunteers to teach computer skills for free. His two activities are respectively
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Q6. Kavya's uncle operates a bulldozer at a construction company and receives a fixed monthly payment. What is this payment called?
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Q7. Kavya's aunt works at the post office for a salary and also conducts online classes charging a weekly amount. The weekly amount is a
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Q8. Youth taking care of their grandparents is shown in the chapter as an example of
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Q9. A truck driver transporting goods from one place to another for payment is an example of an economic activity because it
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Q10. According to the chapter, in a market people may exchange goods for other goods, but in most markets goods and services are exchanged for
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Q11. Kabir's grandfather voluntarily teaches free Geography classes to neighbourhood kids. How is this best described?
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Q12. In Rajesh's chair example, the Rs 400 difference between the selling price and the wood cost represents the monetary value of his
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Q13. The chapter says practices like langar and sevā are a way of contributing to society
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Q14. According to the chapter, when people come together to clean streets, parks and public areas, these efforts lead to
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Q15. Anu's parents run a shop that sells uniforms and ready-made garments. Running this shop is
