To enhance our life quality, we have ________ to acquire things., wants, nature, needs, duty, Teams are set of individuals bound by a common ________., skill-set, objective, education, wants, Royal Bank of Scotland is an example of ________ bank., Central, public, foreign, private, It is the amount of money that remains after expenses are deducted from income., expenditure, trade, income, Savings, Which of the following statements is/are true about the barter system?, In this system, there is equality of goods., It is a system of exchange that does not require the use of money., In this system, money can buy things., Only coins were used as a medium of exchange., In which year did Christopher Columbus discover America?, 1598, 1857, 1492, 1919, An ________ is a repository of the funds held by a bank on behalf of the account holder., Investment, Bank, Currency, Account, Which of the following account types is opened by business owners to meet their requirement for an unlimited number of cash deposits and withdrawals?, Current Account, Recurring Account, Fixed Deposit, Savings Account, What does RBI stand for?, Regional Bank of India, Registered Bank of India, Reserve Bank of India, Rural Bank of India, Who introduced paper currency in India?, Mughals, Pandayas, Cholas, Marathas, Activities that are performed primarily to earn money, income, or a livelihood are known as:, Charitable services, Voluntary hobbies, Non-economic activities, Economic activities, Which of the following is a classic example of a non-economic activity?, Providing legal consultation for a fee, Cooking food for your family out of love and care, Working as a teacher in a school for a salary, Operating a grocery store to make a profit, A fixed regular payment, usually paid on a monthly basis for professional or office work, is called a:, Wage, Daily allowance, Barter exchange, Salary, Payments that are typically made on an hourly, daily, or piece-rate basis for manual or labor-intensive work are referred to as:, Salaries, Wages, Fixed deposits, Dividends, Which of the following initiatives is a prime example of community participation aimed at promoting cleanliness and social responsibility?, The Green Revolution, Van Mahotsav, Swachh Bharat Abhiyan, Industrial trade summit, The nationwide tree-planting festival in India that encourages community involvement in environmental protection is called:, Van Mahotsav, Swachh Bharat Abhiyan, Digital India Week, Banking Literacy Drive, Which of the following best describes why a person helps an elderly neighbor carry groceries without asking for money?, It is a commercial transaction, It is a non-economic activity driven by social care and empathy, It is a contractual wage agreement, It is a retail banking service, Collective social responsibility and community participation help individuals build:, Unlimited corporate tax accounts, Strict monetary inflation rates, Stronger social bonds, civic awareness, and mutual support, Only high-risk stock market portfolios, When a factory worker is paid at the end of every week based on the number of hours they worked on the assembly line, this payment is generally termed as a:, Bank dividend, Salary, Capital investment, Wage, Which statement accurately contrasts economic and non-economic activities?, Economic activities earn a livelihood, while non-economic activities are done out of personal care or social duty without monetary gain., There is no difference between the two terms., Economic activities are always illegal, whereas non-economic activities are regulated by the Reserve Bank of India., Non-economic activities require a bank account, while economic activities require a barter system.

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