Which example shows diversified income sources for a traditional artist?
Answer and explanation
Correct answer: Income from selling original paintings, conducting workshops, and making small handmade products
Selling original paintings, conducting training workshops, and making small handmade products are three different sources of income. Therefore, option A shows income diversification, which can help sustain an artist’s earnings if one customer or one type of sale declines. Option B depends on only one customer, so it is not diversified income. Exam tip: Link diversified income sources with reduced financial risk and a more stable livelihood.
Frequently asked questions
What is the correct answer to this question?
Income from selling original paintings, conducting workshops, and making small handmade products
Why is this the correct answer?
Selling original paintings, conducting training workshops, and making small handmade products are three different sources of income. Therefore, option A shows income diversification, which can help sustain an artist’s earnings if one customer or one type of sale declines. Option B depends on only one customer, so it is not diversified income. Exam tip: Link diversified income sources with reduced financial risk and a more stable livelihood.
Which subject and chapter does this question cover?
This is a Class 11 Home Science question. Chapter: Work, Livelihood and Career. Topic: Traditional occupations in India - Visual arts.
