Question

Statement I: Non-economic activities are undertaken not for earning money but for personal satisfaction. 

Statement II: Non-economic activities involve social, religious, patriotic and non-financial motives.

Options

• Statements I and II are wrong.

• Statement II is correct but I is wrong.

• Statements I and II are correct but II is not an explanation of I.

• Statements I and II are correct and II is an explanation of I.

Answer 1

Statements I and II are correct but II is not an explanation of I.

Explanation:

Both statements are true. Statement I correctly explains that non-economic activities are performed for personal satisfaction and not for money. Statement II also accurately describes that these activities are motivated by social, religious, patriotic, and other non-financial reasons. However, Statement II is not an explanation of Statement I because non-economic activities can involve many motives, not just those listed in Statement II. Therefore, while both statements are correct, Statement II does not directly explain Statement I.