Description : Pick out the wrong statement. (A) Gross margin = net income - net expenditure (B) Net sales realisation (NSR) = Gross sales - selling expenses (C) At breakeven point, NSR is more than the total production cost (D) Net profit = Gross margin - depreciation - interest
Last Answer : (C) At breakeven point, NSR is more than the total production cost
Description : Multiplier process in economic theory is conventionally taken to mean: (1) the manner in which prices increase (2) the manner in which banks create credit (3) income of an economy grows on account of an initial investment (4) the manner in which government expenditure increases
Last Answer : (3) income of an economy grows on account of an initial investment Explanation: In economics, a multiplier is a factor of proportionality that measures how much an endogenous variable changes in response to a change in ... of the U.S. money supply, and MO as a measure of the U.S. monetary base.
Description : The balance of payments equals (a) The difference between household spending over earnings (b) The difference between government expenditure over its income © A measure of the value of economic ... a country and rest of the world (d) The difference between inflation and unemployment.
Last Answer : © A measure of the value of economic transactions between residents of a country and rest of the world
Description : Multiplier process in economic theory is conventionally taken to mean : (1) the manner in which prices increase (2) the manner in which banks create credit (3) income of an economy grows on account of an initial investment (4) the manner in which government expenditure increases
Last Answer : income of an economy grows on account of an initial investment
Description : When farm is classified on the basis of organizational setup, termed as
Last Answer : Ans. System of farming
Description : Which of the following results by dividing national income by size of population? (1) Per capita income (2) Subsistence level (3) Subsistence expenditure- (4) Per capita production
Last Answer : (1) Per capita income Explanation: Per capita income or average income or income per person is a measure of mean income within an economic aggregate, such as a country or city. It is calculated by ... in the aggregate (such as GDP or Gross National Income) and dividing it by the total population.
Description : In agricultural sector net value added is estimated by A. Income method B. Expenditure method C. Production method D. All the three
Last Answer : C. Production method
Description : In agricultural sector net value added is estimated by (a) Income method ; (b) Expenditure method ; (c) Production method ; (d) All the three
Last Answer : ; (c) Production method ;
Description : Which of the following results by dividing national income by size of population ? (1) Per capita income (2) Subsistence level (3) Subsistence expenditure (4) Per capita production
Last Answer : Per capita income
Description : The average monthly expenditure of a family was Rs. 2200 during the first 3 months; Rs. 2250 during the next 4 months and Rs. 3120 during the last 5 months of a year. If the total savings during the year were Rs. 1260 ... income was: a) Rs. 2605 b) Rs. 2680 c) Rs. 2705 d) Rs. 2745 e) Rs. 2595
Last Answer : Total expenditure for first 3 months = 2200 3 = Rs 6600 Total expenditure for next 4 months = 2250 4 = Rs9000 Total expenditure for last 5 months = 3120 5 = Rs 15600 Total expenditure = 6600 + ... + savings = 31200 + 1260 = Rs 324060 Average monthly income = 32460/12 = Rs 2705 Answer: c)
Description : In which year was the total income more than double the total expenditure in that year for company A? a) 2010 b) 2009 c) 2011 d) 2008 e) None of these
Last Answer : e) None of these
Description : If total expenditure of company B in 2009 and 2010 was Rs.270 crore, what was total income of that company in both the same years? a) Rs.121.5 cr. b) Rs.135 cr. c) Rs.140 cr. d) Data inadequate e) None of these
Description : If total income of company B in 2008 was Rs.140 crore, what was the total expenditure of that company in the same year? (approx) a) Rs.100.66 cr. b) Rs.110.33 cr. c) Rs.98.22 cr. d) Rs.94.90 cr. e) Rs.96.55 cr.
Last Answer : e) Rs.96.55 cr.
Description : Which one of following represents the Savings of the Private Corporate Sector? (1) Dividends paid to shareholders (2) Total profits of a company (3) Undistributed profits (4) Excess of income over expenditure
Last Answer : (3) Undistributed profits Explanation: For private corporate sector, retained profits adjusted for non operating surplus/deficit is considered as its Net Saving. Retained profits are those ... commitments to depreciation provision for various fixed assets, debts, government and to shareholders.
Description : Laffer curve is related to (a) Tax rate and tax revenue. (b) Aggregate tax and aggregate non-tax revenue. (c) Total tax burden and total payment burden. (d) Total income and total expenditure.
Last Answer : (c) Total tax burden and total payment burden.
Description : If the total expenditure of company A in 2010 was Rs.200 cr. What was the total income of that company in the same year?
Last Answer : Rs.300 cr.
Description : Which one of the following represents the Savings of the Private Corporate Sector? (1) Dividends paid to shareholders (2) Total profits of a company (3) Undistributed profits (4) Excess of income over expenditure
Last Answer : Undistributed profits
Description : The monthly expenditure of Moorthy family was Rs 3120 during the first 4 months, Rs 3390 during the next 3 months and Rs 3618 during the last 5 months of a year. If the total saving during the year is Rs ... the average monthly income of moorthy family. A) Rs 3690 B) Rs 3785 C) Rs 3670 D) Rs 3875
Last Answer : Answer: A) Total expenditure during the year = Rs [3120 × 4 + 3390 × 3 + 3618 × 5] = Rs [12480+10170 +18090 ] = Rs 40740. Total income during the year = (40740 + 3540) = 44280. Average monthly income = (44280/12) = Rs3690. Hence, the average monthly income of moorthy family is 3690
Description : Gross income - Total Cost is equal to
Last Answer : Ans. Profit
Description : Gross Profit means - (1) Total investment over total saving (2) Changes in methods of production (3) Changes in the form of business organisation (4) Total receipts over total expenditure
Last Answer : (4) Total receipts over total expenditure Explanation: In accounting, gross profit or sales profit is the difference between revenue and the cost of making a product or providing a service, before deducting ... . Gross profit = Net sales (total receipts) - Cost of goods sold (total expenditure).
Description : Expenditure on research and development (R & D) is categorised as the __________, while making an estimate of the total product cost for a chemical plant. (A) Overhead cost (B) Fixed expenses (C) General expenses (D) Direct production cost
Last Answer : (C) General expenses
Description : Gross Profit means (1) Total investment over total saving (2) Changes in methods of production (3) Changes in the form of business organisation (4) Total receipts over total expenditure
Last Answer : Total receipts over total expenditure
Description : The total cost of production which includes all cost items, actual as well as imputed.
Last Answer : Ans. Cost C
Description : Blanket overhead rate is: (a) One single overhead absorption rate for the whole factory (b) Rate which is blank or nil rate (c) rate in which multiple overhead rates are calculated for each production department, service department etc. (d) Always a machine hour rate
Last Answer : One single overhead absorption rate for the whole factory
Description : Mark correct option a) Mail office are two kind one is Sorting mail office another is Transit mail office b) Mail agent incharge of Sorting mail office and HAS is incharge TMO c) Mass mailing centreis ... on promises of the newspaper. All the expenditure is borne by the publisher. e) All the above
Last Answer : e) All the above
Description : While Computing the actual cost of any asset falling within a block, direct cost attributable to bring the asset to its present location and working condition for its intended use(i.e. expenses incurred ... from the purchase price c) Be subtracted from WDV d) Be claimed as revenue expenditure
Last Answer : b) Be subtracted from the purchase price
Description : The economic concerned with individual unit i.e., single industry, form or single consumer.
Last Answer : Ans. Micro economics
Description : Poverty line is expressed in terms of an overall _______ A. Per capita Income B. Per Capita consumption expenditure C. Per Capita entertainment expenditure D. Per Capita development expenditure E. Per Capita GDP
Last Answer : B. Per Capita consumption expenditure Explanation: In India consumption-expenditure has been made the basis for the measurement of the minimum standard. The usual method is to fix a poverty level. This level is expressed in terms of an overall per capita consumption-expenditure.
Description : The incomes of A of B are in the ratio 3:2 and their expenditure are in the ratio 5:3 if each saves rupees 2000, what is their income? a) 32000 b) 20000 c) 1190 d) 8000 e) None of these
Last Answer : Let the income be 3x and 2x. It is given that the saving of each is Rs. 2000. Then, their expenditures are 3x - 2000 and 2x - 2000 Again, (3x - 2000)/(2x - 2000) = 5/3 => 3(3x - 2000) = 5(2x - ... -x = -4000 => x = 4000 Therefore, their salaries are 3 x 4000 = 12000 and 2 x 4000 = 8000 Answer: d)
Description : If the income in 1998 was Rs. 264 crores, what was the expenditure in 1998? A. Rs. 104 crores B. Rs. 145 crores C. Rs. 160 crores D. Rs. 185 crores E. None of these
Last Answer : C. Rs. 160 crores
Description : .If the income of company A in 2009 was Rs.100 cr. Then what was the expenditure of company B in that year? a) Rs.150 cr. b) Rs.120 cr. c) Rs.140 cr. d) Can’t be determined e) None of these
Last Answer : d) Can’t be determined
Description : The …………………………….. measurement method of national income aggregates all the money spent by private citizens, firms and the government within the year. (a) Expenditure ;(b) Income ; (c) Input ; (e) Saving
Last Answer : (a) Expenditure
Description : The ratio of income of X and Y is 4:3. The sum of their expenditure is Rs.12,000 and the amount of savings is X is equal to the amount of expenditure of Y.What is the salary of Y? A) 9000 B) 7000 C) 12000 D) 15000 E) None of these
Last Answer : Answer: A X’s saving = Expenditure of Y = S 4x-S + S = 12000 X = 3000 3x =3*3000 = 9000
Description : A belt of trees and or shrubs maintained for the purpose of shelter from wind, sun, snow drift, etc.
Last Answer : Ans. Shelterbelts
Description : A group of ornamental plants used to grow over walls, trellis, arches, pergolas, arbours, pillars, bowers etc.
Last Answer : Ans. Climbers and Creepers
Description : The art of developing the plant or training the plant into different forms or shapes like animals, birds, arches, etc.
Last Answer : Ans. Topiary
Description : Planting of low growing plants along with paths, roads, flower beds, lawns etc. for demarcation and beautification
Last Answer : Ans. Edge
Description : The irreversible change in any plant part (s) with respect to size, form, weight, volume etc.
Last Answer : Ans. Growth
Description : Kreb cycle and ETC occurs in
Last Answer : Ans. Mitochondria
Description : A specific way adopted by the communicator to communicate his message effectively so that whole message is understood by maximum number of audience.
Last Answer : Ans. Treatment of message
Description : Which of the following best indicates economic growth of a Nation? (1) Agriculture income (2) Per capita income (3) Gross industrial production (4) Inflation
Last Answer : (2) Per capita income Explanation: Some economists believe that economic growth is meaningless if it is not distributed across different segments of population. So per capita income is considered by ... Gross Domestic Product (GDP) is the most comprehensive measure of over-all economic performance.
Description : An increase in per capital income is not an indication of an increase in the economic welfare of the people - (1) When such increase is the result of an increased production action of ... the production of industrial goods (4) When such increase is the result of increased production of intoxicants
Last Answer : (4) When such increase is the result of increased production of intoxicants Explanation: An increase in per capita income due to increased production of intoxicants cannot be taken as economic ... population, include: GDP, literacy, access to health care, and assessments of environmental quality.
Description : Which of the following explains the term economic growth? a. Increase in per capita production b. Increase in per capita real income c. structural change in the economy d. all the above are right
Last Answer : d. all the above are right There is no single definition that can define the term economic growth. However, there are various indicators that explain the term
Description : The best indicator of economic development of any country is: A. Agriculture B. Transport C. Gross Production D. Per Capita Income
Last Answer : D. Per Capita Income
Description : Which of the following explains the term economic growth? A. Increase in per capita production B. Increase in per capita real income C. Structural change in the economy D. All the above are right
Last Answer : D. All the above are right
Description : Which of the following explains economic growth: A. Increase in per capita production B. Increase in per capita real income C. structural change in the economy D. all the above are right
Last Answer : D. all the above are right