Description : Which of these items are excluded in the computation of National Income under value added method? (a) Own acquired fixed assets by the Government enterprises, Govt. and household; (b) Production for self-consumption ; (c) Imputed rent for own occupied house ; (d) All the three
Last Answer : (d) All the three
Description : All actual expenses in cash and kind incurred in production by owner operator
Last Answer : Ans. Cost-A
Description : Which of the following is not included in the National Income? (1) Imputed rent of owner-occupied houses (2) Government expenditure on making new bridges (3) Winning a lottery (4) Commission paid to an agent for sale of house
Last Answer : (3) Winning a lottery Explanation: National income is the total value a country's final output of all new goods and services produced in one year. Transfer payments are not a ... pensions, charity, scholarships etc. Privatesector transfers include charitable donations and prizes to lottery winners.
Description : Imputed gross rent of owner-occupied buildings is a part of - (1) capital formation (2) final consumption (3) intermediate consumption (4) consumer durable
Last Answer : (2) final consumption Explanation: The figure of final private consumption expenditure includes the imputed gross rent of owner-occupied dwellings, consumption of own-account production and payment by ... of production and hence an income and is also a part of final consumption expenditure.
Last Answer : Winning a lottery
Description : Imputed gross rent of owneroccupied buildings is a part of (1) capital formation (2) final consumption (3) intermediate consumption (4) consumer durable
Last Answer : final consumption
Description : Which of the following statements is/are correct? 1. A materials requisition note is used to record the issue of direct material to a specific job. 2. A typical job cost will contain actual costs for material, labour and production ... 1) and (2) only (c) (1) and (3) only (d) (2) and (3) only
Last Answer : (c) (1) and (3) only
Description : The economic deal with the whole economic setup i.e. total production, total expenditure, total income etc.
Last Answer : Ans. Macro economics
Description : The environment which includes producers, consumers and decomposers?
Last Answer : Ans. Biotic environment
Description : Total well defined vitamins are
Last Answer : Ans. 13
Description : Sum of deviation of items from the A.M. is
Last Answer : Ans. 0
Description : What do you mean by the supply of goods? a) Stock available for sale b) Total stock in the warehouse c) The actual production of the good d) Quantity of the good offered for sale at a particular price per unit of time
Last Answer : Answer- d
Description : The following graph represents the installed capacity for cement production (in tonnes) and the actual production (in tonnes) of nine cement plants of a cement company. Capacity utilization of a plant ... difference between total production of large plants and small plants, in tonnes is _____
Last Answer : Correct answer is 120.
Description : Physical structure includes the actual data of an XML file. -Technology
Last Answer : True Physical structure stores actual data in the form of entity.
Description : Motor name plate data includes '°°C rise'. This indicates the _____________. A. actual running temperature of the winding from no load to full load B. permissible temperature rise ... above normal full load operating temperature D. maximum allowable temperature rise for continuous no load service
Last Answer : Answer: B
Description : Gross income - Total Cost is equal to
Last Answer : Ans. Profit
Description : Required auditor communication to the Audit Committee concerning noncompliance with laws and regulations that were detected includes: a. All those which are not adequately addressed by management. b. All those that constitute management fraud. c. All material items. d. Any of such acts.
Last Answer : Any of such acts.
Description : ools Inc. buys hammers, bolts and other hardware items and sells them to hardware shops at a price that includes a profit. Tools Inc. would be part of what kind of market? A)reseller B)producer C)institutional D)government
Last Answer : A)reseller
Description : Cultural differences have implications for the development of a marketing mix. Culture includes A)a country's political system and national laws. B)the concepts, values, and tangible items ... )quotas on imports and stringent health and safety requirements. E)the stability of the government.
Last Answer : B)the concepts, values, and tangible items that make up a particular society.
Description : In the BoP statement, current account includes (i) Marchandize, invisible items (ii) Government loans from abroad (iii) Foreign direct investment. (a) (i) only ; (b) Both (i) and (ii) above ; (c) Both (i) and (iii) above ; (d) Both (ii) and (iii) above
Last Answer : (a) (i) only ;
Description : Non-monetary items in foreign currency shall be converted into reporting currency by using which exchange rate? a. closing rate b. average rate c. actual rate effective on date d. all the above
Last Answer : c. actual rate effective on date
Description : Opportunity cost of production of a commodity is - (1) the cost that the firm could have Incurred when a different technique was adopted (2) the cost that the firm could have incurred under a different method of production (3) the actual cost incurred (4) the next best alternative output
Last Answer : (4) the next best alternative output Explanation: The concept of opportunity cost is based on scar-city and choice. The opportunity cost of a commodity is the next best alternative commodity ... to produce alternative goods and services. If one commodity is produced another commodity is sacrificed.
Description : Sale of products from test run before production run is a) Deducted from actual cost b) Added to actual cost of assets c) Charged as pre-profits d) Charged as preliminary expenses
Last Answer : a) Deducted from actual cost
Description : Opportunity cost of production of a commodity is (1) the cost that the firm could have incurred when a different technique was adopted (2) the cost that the firm could have incurred under a different method of production (3) the actual cost incurred (4) the next best alternative output
Last Answer : the next best alternative output
Description : Typical differences between goods and services do not include (a) cost per unit ; (b) ability to inventory items ; (c) timing of production and consumption (d) knowledge content
Last Answer : (a) cost per unit ;
Description : 'Utilities' in a chemical process plant includes compressed air, steam, water, electrical power, oxygen, acetylene, fuel gases etc. Utility costs for ordinary chemical process plants ranges roughly from __________ percent of the total product ... 1 to 5 (B) 10 to 20 (C) 25 to 35 (D) 35 to 45
Last Answer : (B) 10 to 20
Description : Crop Production + livestock raising is called
Last Answer : Ans. Mixed farming
Description : Crop production and dairy enterprise having
Last Answer : Ans. Supplementary relationship
Description : Two or more products when produced in the same production process called
Last Answer : Ans. Joint product
Description : A line represents the different combinations of two variable inputs used in the production of a given amount of output.
Last Answer : Ans. Isoquant
Description : The principle applied for production function “How much to produce”
Last Answer : Ans. Principal of diminishing returns/costs
Description : The basis of Cobb - Douglas Production function is
Last Answer : Ans. Constant elasticity of substitution
Description : Production function is also known as
Last Answer : Ans. Input Output relation
Description : Increase in money supply and fall in production causes
Last Answer : Ans. Inflation
Description : The science of production of fruit crops
Last Answer : Ans. Pomology
Description : The optimum temperature for better crop production is between
Last Answer : Ans. 18 – 24°C
Description : A project with total budget cost of 30 crores is scheduled to be completed in 80 weeks. A periodic review was carried out at end of 60 weeks and results are as given: Budgeted cost of work performed (EV) = 17 ... crores What is the cost performance index? A.0.895 B.0.81 C.0.90 D.1.12
Last Answer : A.0.895
Description : The formula used for calculation of labour rate variance is A. Total standard labour cost of actual output - Total actual cost of actual output B. (Standard rate per hour - Actual rate per hour) ... time - Actual time) * Standard rate per hour D. Abnormal idle hours * Standard hourly rate
Last Answer : B. (Standard rate per hour - Actual rate per hour) * Actual Hours
Description : The sub-variance of material usage variance, known as Material mix variance is measured as A. Total standard cost - Total actual cost B. Standard cost of revised standard mix - Standard cost of ... unit price) * Actual quantity used D. (Standard quantity - Actual quantity) * Unit standard price
Last Answer : B. Standard cost of revised standard mix - Standard cost of actual mix
Description : Logical constructions of the experiments in which the degree of uncertainty with which the inference (Result/confusion) on may be well defined.
Last Answer : Ans. Design of Experiments
Description : A variety produced by crossing in all combinations a number of lines that combine well each other
Last Answer : Ans. Synthetic variety
Description : Well decomposed FYM contains N, P and K content
Last Answer : Ans. 0.5:0.2:0.5%
Description : Consumers ________ low-cost products or items they buy infrequently. A. Prefer the lowest total cost of ownership of B. Remember prices of C. Are ambivalent to prices of D. Are more price sensitive to E. Are less price sensitive to
Last Answer : E. Are less price sensitive to
Description : The sum total condition in which organisms live is called as
Last Answer : Ans. Environment
Description : A figure obtained by dividing the sum of all variable by their total number of variables.
Last Answer : Ans. Averages/Arithmetic Mean
Description : When total Assets are divided by total liabilities, called as
Last Answer : Ans. Net Capital Ratio (NCR)
Description : The portion of the total produce in stock which the farmer is willing to sell.
Last Answer : Ans. Marketable surplus
Description : The percentage population of early majority over total population
Last Answer : Ans. 34%
Description : The people adopt through local leaders and constitute only 13.5% of the total population.
Last Answer : Ans. Early adopters
Description : The people who adopt immediately after getting knowledge and constitutes only 2.5% of the total population.
Last Answer : Ans. Innovators