Question

Rahul, a shopkeeper, is engaged in a number of activities, which he calls
as business. Examine each of them and state whether do you agree with
him or not.
Write ‘Agree’ or ‘Disagree’ against each statement:
i. Rahul sold bread to customers in his shop.
ii. He bought a pen to gift it to his younger sister
iii. He sold his old television set to his neighbour for Rs. 3,000.
iv. Rahul bought eggs from the poultry farm to sell to his customers.
v. Rahul sells a packet of milk worth Rs. 10 to a customer for Rs. 12.
vi. Rahul bought vegetables worth Rs. 30 for his family.
vii. He distributed biscuits free of cost to poor children from his shop.

Answer 1

i) Agree.

Reason : When Rahul sells bread to customers, it is a business because he is earning money by selling those breads.

ii) Disagree

Reason : Giving a gift to someone is not a business kind of work.

iii) Agree

Reason : By selling TV, Rahul has earned money so it is a business.

iv) Agree

Reason : He will earn money by selling those eggs to customers.

v) Agree

Reason : Rahul has got 2 rupees as profit.

vi) Disagree

Reason : It is not a business because Rahul has bought it for his family.

vii) Disagree

Reason : Not a business because Rahul has helped the poor children.

Answer 2

Answer:1)Agree

reason : when rahul sells bread to his cutomers it is a business because he is earning money by selling those breads.

2) Disagree

Reason : Giving a gift to someone is not a business kind of work.

3)Disagree  

Reason:rahul sold his old tv to his neighbour , it is not considered as business ,unless he continues to carry buying and selling of tv on regular basis  

4)Agree

Reason : He will earn money by selling those eggs to customers.

5)Agree

Reason : Rahul has got 2 rupees as profit.

6)Disagree

Reason : It is not a business because Rahul has bought it for his family.

7)Disagree

Reason : Not a business because Rahul has helped the poor children.

Explanation: