Various economic activities are as follows:

1. Profession: These are activities that require specialised skills and knowledge, and people involved in these are known as professionals.

2. Employment: It is the type of economic activity where people get paid for the service they provide, and they are known as employees.

3. Business: It is the economic activity that deals with the trading of goods and services with a motive to earn profit.

The following are the privileges that are enjoyed by a private company:

1. A private company can be started by 2 members, while a minimum of 7 persons are necessary to start a public company.

2. Two directors are enough for running operations in a private company, while a minimum of 3 is required in a public company.

3. A private company can start a business from the day of receiving the certificate of incorporation. But, a public company has to obtain two certificates, namely, the certificate of commencement and the certificate of incorporation, to start a business.

Electronic banking or e-banking is the application of electronic medium for conducting different types of banking transactions, which includes money transfer, account balance checking, applying for cheque book and applying for loans. These services are provided by banks to help their customers access banking facilities anywhere, anytime.

Some advantages of e-banking are

1. It ensures the round-the-clock availability of most banking services, which helps make life comfortable for the customers.

2. Banking transactions can be conducted anytime, either through mobile or computer/laptop.

3. It reduces the load on banks by facilitating transactions online.