Which of the following is NOT an example of manufacturing activity?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. Mutual fund product made by combining debt and equity funds.
Mutual fund product made by combining debt and equity funds is NOT an example of manufacturing activity. Manufacturing involves the physical creation or transformation of goods, such as yarn from cotton, sugar from sugarcane, and paper from wood. In contrast, a mutual fund product is a financial service that involves managing and combining financial assets, rather than producing physical goods.