Which of the following is not an economic activity?

The Correct answer is Voluntary Social Service.

Key Points 

• Voluntary social service is not typically considered an economic activity.
• Economic activities typically involve the production, distribution, or consumption of goods and services in exchange for monetary value. Hence Option 1 is Incorrect.
• Voluntary social service, on the other hand, involves activities done without a direct financial motive or exchange.
• It is driven by altruism and the desire to contribute to the welfare of others or society as a whole. While it may have indirect economic implications or benefits, it is not considered a core economic activity in the traditional sense.

Additional Information

• Farming is a primary sector activity that involves the cultivation of crops, rearing of livestock, and other agricultural practices. Farming is an essential economic activity as it involves the production of food, raw materials, and other agricultural products that are necessary for human consumption and industrial use.
• It contributes to the overall economy by generating income, creating employment opportunities, and supplying essential goods to meet the needs of society. Hence option 2 is Correct.
• Similarly, transportation and Service is also considered Economic activity. Both activities are related with the Tertiary sector of the economy. Hence Option 3 and 4 are correct.