Here are the correct answers for the exercise based on typical animal behaviors:

1. What's the monkey doing?
- **B. It's swinging.**

2. What's the elephant doing?
- **B. It's eating.** (Elephants often eat, but can also drink.)

3. What's the horse doing?
- **A. It's running.** (Horses typically run.)

4. What's the peacock doing?
- **B. It's dancing.** (Peacocks are known for their display, which can be considered dancing.)

5. What's the parrot doing?
- **B. It's counting.** (While parrots can't count, they are often depicted as talking, but the answer choices here seem to suggest counting as an engaging activity.)

Feel free to adjust based on specific context or images provided!