Explanations:In economics, economic activities are broadly categorized into three types: employment, profession, and business. Each of these categories has distinct characteristics and implications for the individual involved.
Employment refers to the activity where an individual works for a salary or wage under an employer. The employer provides the necessary resources, and the employee performs tasks as directed. In the context of the question, Mr. Kamal's wife is a bank manager at Punjab National Bank. She is employed by the bank and receives a salary or wage for her work. This clearly falls under the category of employment.
Profession is a specialized occupation that requires specific qualifications and expertise. Professions often involve a high level of skill and knowledge, and they are typically regulated by professional bodies. Examples of professions include doctors, lawyers, and engineers. While being a bank manager can be considered a profession due to the specialized skills and qualifications required, the question specifically asks about the economic activity, which is employment.
Business involves the production and sale of goods or services for profit. In a business, the individual or entity is the owner and is responsible for the management and operation of the enterprise. Mr. Kamal's son, Arnav, who has a factory in Muradabad, is engaged in a business activity. However, this does not apply to Mr. Kamal's wife, who is employed by the bank.
Understanding the distinction between these categories is crucial for correctly identifying the type of economic activity involved. In this case, Mr. Kamal's wife is engaged in employment, as she works for a salary or wage under the Punjab National Bank.