Explore topic-wise InterviewSolutions in Current Affairs.

Employees Oppose control.

Correct option: d. Method study

Principles of management are not Behavioural.

Gross Working capital

(C) Basis of control

Management should find “one best way” to perform a task. Flexible technique of scientific management is defined in this sentence. 

The foremost stock exchange in the World was established in America.

The Internet is called 'Network of Networks'.

(C) Functional organization

The foremost stock exchange was established in Japan.

The characteristics of a good brand are Memorable.

In finance, "working capital" means the same thing as current assets minus current liabilities. Working capital is the amount of cash a business can safely spend. It's commonly defined as current assets minus current liabilities.

(D) All of these 

Regional office of SEBI is situated in Delhi, Kolkata and Chennai. 

Financing some long-term needs with short-term funds.

The aggressive approach is a high-risk strategy of working capital financing wherein short-term finances are utilized not only to finance the temporary working capital but also a reasonable part of the permanent working capital.

The number of stock exchanges in 2004 was 23.

Correct option is: (D) All these three places

Correct option is: (D) 24

For lines to be perpendicular, we have

a₁a₂ + b₁b₂ + c₁c₂ = 0 

⇒ -3 x 3λ + 2λ  + 2 + 2 x -5 = 0

⇒ -9λ + 4λ - 10 = 0

⇒ -5λ + 4λ - 10 = 0

⇒ -5λ = 10

⇒ λ = 10/-5 = -2

∴ Given lines are

\(\frac{x-1}{-3} = \frac{y-2}{-4}=\frac{z-3}2=s\)

and \(\frac{x-1}{-6} = \frac{y-2}{2}=\frac{z-2}{-5}=t\)

⇒ x = 1 - 3s, y = 2 - 4s, z = 3 + 2s

∴ (1 - 3s, 2 - 4s, 3 + 2s) will lie on line (1)

 & x = 1 - 6t, y = 1 + 2t, z = 6 - 5t

∴ (1 - 6t, 1 + 2t, 6 - 5t) will lie on line (2)

If both lines intersects, then

1 - 3s = 1 - 6t

⇒ 3s - 6t = 0 ⇒ s = 2t

& 2 - 4s = 1 + 2t ⇒ 4s = 1 - 2t ⇒ 8t = 1 - 2t

⇒ t = 1/10

∴ s = 2/10 = 1/5

and 3 + 2s = 6 - 5t

⇒ 3 + 2/5 = 6 - 5/10

⇒ 17/5 = 11/2 (Not satisfies)

∴ Both lines did not intersect each other.

Production process is a continuous process in which goods and services are produced, consumed and the surplus of production over consumption is carried over to the next year in order to produce more goods and services. Since, human wants are unlimited and reoccur frequently, production is to go on continuously. Production becomes necessary also for the maintenance and replacement of capital equipment. Production process requires use of factors of production. These factors of production are required to be organized in order to increase efficiency. Further, selection of appropriate technology is a prime decision to be taken by the producers.

\(\int\frac{(x+2)dx}{\sqrt{x^2+2x+3}}\)

 = \(\frac12\int\frac{(2x+4)dx}{\sqrt{x^2+2x+3}}\)

 = \(\frac12\left(\int\frac{2x+2}{\sqrt{x^2+2x+3}}dx+\int\frac{2}{\sqrt{x^2+2x+3}}dx\right)\) 

 = \(\frac12(2\sqrt{x^2+2x+3}+\int\frac{2}{(x+1)^2+2}dx)\) 

= \(\sqrt{x^2+2x+3}+log|(x+1)+\sqrt{x^2+2x+3}|+c\)

It refers to the addition made in the value of intermediate goods by a firm with the help of factors of production. For example, a cotton textile mill buys raw materials worth Rs. 1000 and converts them into cotton cloth whose market value is Rs. 1500. Here, value added by the firm is Rs.500 (1000-500).

The break-even point is the point at which firm’s total revenue (TR) equals total cost (TC).

Inferior goods are those goods whose demand falls with the fall in price and rises with the rise in price. For example, Biri, Gur, Toned milk etc.

Net value added at factor cost is the sum total of factor payments. It is the cost incurred by the firm on various factors of production. 

Capital refers to all man made goods, which is used for further production. For this reason capital is called produced means of production.

(i) Industrial Finance Corporation of India. 

(ii) Life Insurance Corporation of India.

An addition made to the existing stock of capital formation during a given period is called capital formation. Thus, it refers to investment in fixed capital assets like machines, tools, buildings, roads, dams, etc.

Land in economics does not only mean the upper surface of the earth but also all other free gifts bestowed to us by nature such as air, water, sunshine, rivers, forests, mountains, mines etc.

(i) Investment in foreign countries. 

(ii) Excess of exports over imports.

All goods which are scarce in supply, and for which we have to pay something are called economic goods. 

For example – cloth, milk, books etc. 

The distinction between economic or free goods and non-economic goods are as follows: 

Depression is a stage when the business confidence is at its lowest level. Investment, employment, output, income, and prices — all are at low level. Recession is a stage when there is cut in investment, and in employment. There is fall in incomes, purchasing power and hence demand. Prices may begin to fall.

Total cost incurred by the producer on various factor of production during the process of production is called factor cost. This is factor income for the factors of production.

Operating Surplus is the sum total of income from property (rent and interest) and income from entrepreneurship (profits). CSO has defined it as, “Gross output of a producer’s value less the sum of intermediate consumption, compensation of employees, consumption of fixed capital and indirect taxes.”

Law of demand states that other things remaining the same, demand for a good will fall if price rises and vice versa. Demand for a good has inverse relationship with its price.

Current transfers from abroad not a part of national income because these do not contribute to the flow of goods and services in the economy

An addition made to the existing stock of capital during a given period is called capital formation. Thus, it refers to investment in fixed capital assets like machines, tools, buildings, roads, dams etc. Capital formation depends on saving. More saving leads to more capital formation.

Gross fixed capital formation means investment made in fixed capital assets like machines, tools, buildings, roads, etc during a year. It is the sum of net fixed investment and depreciation.

Operating surplus is the income from control and ownership of capital. According to CSO, “Gross output at producer’s value less the sum of intermediate consumption, compensation of employees (including labour income of the self-employed), consumption of fixed capital and indirect taxes.” Symbolically,

OS = Gross value of output - Intermediate consumption – Consumption of fixed capital – Indirect taxes – Compensation of employees.

Or 

OS = Income from property (rent + interest) + Income from entrepreneurship (profit)

All material things that satisfy human wants are called goods in economics. For example–books, pens, cloth etc.

Consumer goods are the goods finally used by the consumers to satisfy their wants. These goods directly satisfy human wants.

Producer goods are those goods, which are used by the producers to produce more goods or continue the process of production.

The examples of consumer goods are milk, food, a TV set; car etc and that of producers’ goods are machines, tools, equipments etc.

Compensation of employees is mainly divided into the following two components: 

(a) Wages and salaries, and 

(b) Social security contributions. 

Wages and salaries are the reward for the services rendered by the workers. These may be in kind or in cash. These include:

(a) Salary; (b) commission; (c) bonus; (d) dearness allowance; (e) housing allowance; (f ) rent free accommodation; (g) free medical facilities; (h) car allowance etc.

Compensation of employees also includes social security contributions made by the employers to their employees. These are provident fund, pensions, casuality or life insurance etc.

Mixed income is the income of self-employed persons like doctors, lawyers, barbers, shopkeepers, farmers etc. These persons work both as producers and as suppliers of factor services to themselves independently. Some part of their income relates to wage income and the rest part to property income. So, their income is called as mixed income. Mixed income is generated in all the sectors of the economy. However, the primary sector constitutes the larger part of the mixed income. Mixed income included in the national income.

Tea and coffee are close substitutes.

Income earned by factors of production during the process of production is known as the factor incomes.

Net export is the difference between the exports of a country to the rest of the world and imports from the rest of the world.