Consignment account is the nature of
Answer: C
The consignment account is a nominal account.
It records the expenses and revenues of a particular consignment and is closed by transferring the profit or loss to the profit and loss account. Nominal accounts deal with expenses, losses, incomes and gains; real accounts deal with assets.
Please log in or register to report this question.
Consider the following statements:Assertion(A) : India is one of the leading Industrial countries among the developing countries. Reason (R) : Government of India has neglected altogether the traditional craft Industries Now Select your answer using the codes scheme given below:
Answer: C
(A) is true, but (R) is false.
India is indeed among the more industrialised of the developing countries. But the reason offered - that the government has neglected industry altogether - is plainly false: successive plans from the Second onwards put heavy industry at the centre of policy.
Please log in or register to report this question.
Which is not related to Industries?
Answer: B
Chipko is not related to industry.
The Chipko movement was an environmental protest in Uttarakhand in the 1970s, in which villagers embraced trees to prevent felling. SIPCOT, TANSIDCO and SIDCO are all state industrial development corporations.
Please log in or register to report this question.
National Rural Development Institute is situated at
Answer: C
It is at Hyderabad.
The National Institute of Rural Development and Panchayati Raj, under the Ministry of Rural Development, trains rural development officials and conducts research on rural policy.
Please log in or register to report this question.
The Tenth plan period was from
Answer: C
The Tenth Plan ran from 2002 to 2007.
It set a growth target of 8 per cent and aimed to halve the poverty ratio by 2012. Actual growth averaged about 7.6 per cent, the highest of any plan period to that date.
Please log in or register to report this question.
The period of Ninth Five Year Plan is
Answer: A
The Ninth Plan ran from 1997 to 2002.
Its theme was growth with social justice and equality. It followed a plan holiday of one year after the Eighth Plan, and achieved about 5.4 per cent growth against a target of 6.5.
Please log in or register to report this question.
The basic function of an economy is
Answer: D
The basic functions are all of these.
Every economy must decide what to produce and how, how much to set aside as investment rather than consume, and how to distribute what is produced. Production, consumption and investment are the three activities through which those decisions take effect.
Please log in or register to report this question.
"Economic Planning" refers to
Answer: B
Economic planning means the allocation of resources.
It is the deliberate direction of a country's resources towards chosen objectives over a stated period, in place of leaving the outcome entirely to the market. India's Five Year Plans, from 1951 to 2017, were the instrument.
Please log in or register to report this question.
A serious effort to tackle the problem of poverty began with
Answer: B
The serious effort began with the Second Plan.
The First Plan was largely a collection of ongoing projects. The Second, framed on the Mahalanobis model in 1956, made rapid industrialisation the route to raising incomes and employment, and set the pattern for the plans that followed.
Please log in or register to report this question.
Which of the following is not a fibre material?
Answer: D
Rubber is not a fibre.
It is an elastomer, a polymer of isoprene tapped as latex. Jute and flax are plant fibres from the stem, and silk an animal protein fibre spun by the silkworm.
Please log in or register to report this question.
