A. Where the controlling interest is in the hands of the government
B. Where the functions are not merely confined to the maximisation of profits
C. Where they are governed by the public or social interests
D. Where all the three exist
Answer: Option D
This Question Belongs to Commerce >> Business And Commerce
A. Commerce
B. Industry and commerce
C. Trade and commerce
D. Selling and buying of goods
Which of the following is not an economic activity?
A. A doctor practicing
B. A lawyer practicing law
C. A professional cricketer playing cricket
D. A student playing cricket
Which of the following is an extractive industry?
A. Cattle breeding
B. Forest cultivation
C. Hunting
D. Flour mills
Which of the following is not a manufacturing industry?
A. Iron and steel works
B. Flour Mills
C. Fruit canning
D. Mining
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