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The third -party insurance policy is also termed as Act only policy.

Minimum time period is 6 months

Effects of this treatment are: 

1. Complete cleansing and detoxification 

2. Increases blood circulation 

3. Reduced appearance wrinkles and fine lines  

4. Effective application of skin care products 

5. Makes the skin brighter

Contra-indications: 

1. Skin infection or irritation 

2. Vascular or hypersensitive skin 

3. Sinusitis 

4. Epilepsy 

5. Excessive fillings

(a) Surveyor

When a Surveyor finds that a Vehicle is either beyond repairs or the repairs are not in economic proposition he negotiates with the insured to assess the loss on Total Loss Basis.

Correct option is B) account

Correct option is A) few days’ rest

Given:

A sells a cycle to B at a loss of 20% and B sells it to C at a profit of 37.5%.

Formula Used:

Profit% = Profit/CP × 100

Loss% = Loss/CP × 100

Calculation:

Let the Cost Price of the cycle is Rs.100 for A

A sells to B at 20% loss, it means

SP of A = CP of B = Rs. (100 × 80/100) = Rs. 80

B sells to C at 37.5% profit

SP of B = CP of C = Rs. (80 × 137.5/100) = Rs. 110

If A sells at a price of 110, then it will gain Rs. 10

Profit percentage = Profit/CP × 100

Profit percentage = 10/100 × 100 = 10%

∴ Profit percentage for A is 10%

Given:

A reduction of 20% in the price of rice enables a person to purchase 10 kg more in Rs. 600.

Calculation:

Let the price per kg was Rs. 100x and after 20% reduction new price becomes Rs. 80x

According to question,

New quantity rice – old quantity rice = 10 kg

⇒ 600/80x – 600/100x = 10

⇒ 120/80x = 10

⇒ x = 3/20

Original price = 100x = Rs. (100 × 3/20) = Rs. 15 per kg

New price = 80x = Rs. (80 × 3/20) = Rs. 12 per kg

∴ Original price and the new price are Rs. 15/kg and Rs. 12/kg respectively.

Correct option is A) As

Correct option is C) open

Correct option is B) how to do

Given:

Total no. of eggs purchased = 600

Price per dozen = Rs. 25

50 eggs were broken on the way.

A profit of 30% on whole has to be made.

Formula Used:

Profit% = Profit/CP × 100

Loss% = Loss/CP × 100

Calculation:

Price per egg = Rs. (25/12)

Total CP of eggs = Rs. (600 × 25/12) = Rs. 1250

Total profit required = Rs. (1250 × 30/100) = Rs. 375

So, total Selling price = Rs. (1250 + 375) = Rs. 1625

50 eggs are broken, remaining eggs = 600 – 50 = 550

SP of 1 egg = Rs. (1625/550)

SP of 1 dozen eggs = Rs. (1625/550 × 12) = Rs. (390/11) = Rs. 35.45 ≈ Rs. 35

∴ Selling price of eggs per dozen is Rs. 35 approximately.

Correct option is C) in

1. After Independence, the Government of India adopted planned economic development. 

2. Five year plans came into existence since 1951. 

3. The main objective of the economic planning aimed at social welfare. 

4. Before Independence commercial banks were in the private sector. 

5. These commercial banks failed in helping the Government to achieve social objectives of planning. 

6. Therefore, the government decided to nationalize 14 major commercial banks on 19 July 1969.

7. In 1980, again the government took over another 6 commercial banks.

1. Provide Employment: 

1. SSI’s use labour intensive techniques. Hence, they provide employment opportunities to a large number of people. Thus, they reduce the unemployment problem to a great extent. 

2. SSI’s provide employment to artisans, technically qualified persons and professionals, people engaged in traditional arts, people in villages and unorganized sectors.

3. The employment-capital ratio is high for the SSI’s.

2. Bring Balanced Regional Development:

1. SSI’s promote decentralized development of industries as most of the SSI’s are set up in backward and rural areas. 

2. They remove regional disparities by industrializing rural and backward areas and bring balanced regional development. 

3. They help to reduce the problems of congestion, slums, sanitation and polluti in cities. They are mostly found in outside city limits.

4. They help in improving the standard of living of people residing in suburban and rural areas in India. 

5. The entrepreneurial talent is tapped in different regions and the income is also distributed instead of being concentrated in the hands of a few individuals or business families.

3. Help in Mobilization of Local Resources:

1. SSI’s help to mobilize and utilize local resources like small savings, entrepreneurial talent etc., of the entrepreneurs, which might otherwise remain idle and unutilized. 

2. They pave way for promoting traditional family skills and handicrafts. There is a great demand for handicraft goods in developed countries. 

3. They help to improve the growth of local entrepreneurs and self-employed professionals in small towns and villages in India

4. Pave for Optimisation of Capital:

1. SSI’s require less capital per unit of output. They provide quick return on investment due to shorter gestation period. The payback period is quite short in SSI’s. 

2. SSI’s function as a stabilizing force by providing high output – capital ratio as well as high employment – capital ratio. 

3. They encourage the people living in rural areas and small towns to mobilize savings and channelize them into industrial activities.

5. Promote Exports:

1. SSIs do not require sophisticated machinery. Hence, import the machines from abroad is not necessary. On the other hand, there is a great demand for goods produced by SSIs. Thus they reduce the pressure on the country’s balance of payments. However, with recent past large scale industries are able to borrow large funds with low interest rate and spend large sums on advertisements. Hence SSSs are gradually vanishing.

2. SSI’s earn valuable foreign exchange through exports from India.

6. Complement Large Scale Industries:

1. SSI’s play a complementary role to large scale sector and support the large scale industries.

2. SSI’s provide parts, components, accessories to large scale industries and meet the requirements of large scale industries through setting up units near the large scale units.

3. SSI’s serve as ancillaries to large scale units.

7. Meet Consumer Demands:

1. SSI’s produce wide range of products required by consumers in India. 

2. Hence, they serves as an anti-inflationary force by providing goods of daily use.

8. Develop Entrepreneurship:

1. SSI’s help to develop a class of entrepreneurs in the society. They help the job seekers to become job givers. 

2. They promote self-employment and spirit of self-reliance in the society.

3. SSI’s help to increase the per capita income of India in various ways. 

4. They facilitate development of backward areas and weaker sections of the society. 

5. SSI’s are adept in distributing national income in more efficient and equitable manner among the various participants of the society

Given:

A can do a work in 12 days.

B can do a work in 16 days.

(A + B + C) can do a work together in 6 days.

Concept Used:

Work done = Time × Efficiency

Calculation:

Total work done = LCM of days = 96 units (we have taken multiple of 48)

Efficiency of A = 96/12 = 8 units

Efficiency of B = 96/16 = 6 units

Efficiency of (A + B + C) = 16 units

The efficiency of C = 16 - 8 - 6 = 2

The ratio of efficiency = 8 : 6 : 2 = 4 : 3 : 1

The share of A = 4/8 × 6000 = Rs.3000

∴ The share of A is Rs.3000.

Correct option is D) on

Dynamic Theory of Profit:

1. This theory was propounded by the American economist J.B.Clark in 1900. 

2. Profit is the reward for dynamic changes in society. 

3. Static society is one where everything is stationary or stagnant and there is no change at all. 

4. There is no role for an entrepreneur in a static society. 

5. According to Clark, the following five main changes are taking place in a dynamic society.

• Population is increasing
• Volume of Capital is increasing
• Methods of production are improving
• Forms of industrial organization are changing
• The wants of consumer are multiplying

Given:

A person rows a distance of 20 km upstream and 15 km downstream in a total time of 2(5/12) hours 

Speed of the current is 4 km/h 

Formula used:

Distance = speed × time 

Speed in downstream = speed of the boat + speed of the stream 

Speed in upstream = speed of the boat - the speed of the stream 

Calculation:

Let the speed of the boat be 'x' km/h 

Speed in downstream = x + 4  km/h 

Speed in upstream = x - 4 km/h 

Now ,

Time taken in downstream = 15/(x + 4) hours 

Time taken in upstream = 20/(x - 4)  hours 

Total time = time of upstream + time of downstream 

⇒ 2(5/12) = [15 /(x + 4)] + [20/(x - 4)]

⇒ x = 16 

Now time taken to cover 64 km in upstream 

Time = 64/(x -4) 

⇒ 64(/16 - 4) = 64/12 

⇒ 16/3 hours 

∴ Boat will take 16/3 hours to complete 64 km in upstream.

Correct option is B) on

Correct option is D) less than

D. LESS THAN 20

Along with goods, services, are produced and consumed. 

They are generally, possess the following:

(I) Intangible:

1. Intangible things are not physical obj ects but exist in connection to other things 

for example, brand image, good will etc. 

2. The intangible things are converted and stored into tangible items such as recording a music piece into a pen – drive.

(II) Heterogeneous: 

1. Services vary across regions or cultural backgrounds.

2. A single type service yields multiple experiences, e.g., music, consulting physicians etc.

(III) Inseparable from their makers: Services are inextricably connected to their makes. 

For example, labour and labourers are inseparable.

(IV) Perishable: 

1. Services cannot be stored as inventories like assets. 

2. For example it is useless to possess a ticket for a cricket match once the match is over. 

3. It cannot be stored and it has no value in exchange.

Correct option is A) has

Correct option is D) tall enough

Correct option is D) did you

Correct option is B) as tall as

B. TOM IS AS TALL AS HELEN. 

Given:

There are  ‘n’ flowers in a garland.

Calculation:

The number of ways arrange ‘n’ flowers in a garland = (n - 1)!

∴ The number of ways arrange ‘n’ flowers in a garland is (n - 1)!

Garland: It is a circular or spiral arrangement of intertwined material such as flowers.

Correct option is C) wasn’t

Correct option is C) old enough

Correct option is B) weren’t they

Climate: Cut chrysanthemums are grown under polyhouses with the following environmental conditions.

Temperature : 16 - 25°C 

Relative humidity : 70 - 85 % 

CO₂ : 600 - 900 ppm

Photoperiod : Long day conditions with 13 hours light & 11 hours darkness during vegetative stage (upto 4-5 weeks from planting) and short day conditions with 10 hours light & 14 hours darkness during flower bud initiation stage.

Soil : Well drained sandy loam soil with good texture and aeration or growing medium made of 1: 1: 2 of soil, compost and cocopeat with pH of 5.5 to 6.5.

Varieties:

Standard types: Bonfire Orange, Bonfire Yellow

Spray types: Reagan Yellow, Reagan White, Nanako 

Insect pests: Leaf miner, Thrips, Aphids, Red spider mite 

Diseases : Leaf spot, White Rust, Wilt, Powdery mildew

Answer is:

Perishable

Correct option is B) was she

There are 3-4 general methods of storage of flowers

1. Refrigerated storage: Most widely used method of storage of cut flowers. 

There are two types 

(a) Wet storage and 

(b) dry storage.

(a) Wet storage: Flowers stored with their bases dipped in water or preservative solution, Good for short duration, day to day handling. Stored at temperature of 2-4°C.

(b) Dry storage: Flowers are sealed in plastic bags to prevent loss of moisture. More laborious but hold the flowers for longer duration. Storage at 0-1°C is ideal for temperate flowers (Roses, carnation, chrysanthemum) but tropical flowers like anthurium, cattleya, heliconia etc. storage is done at 7-15°C and for sub-tropical flowers like gladiolus, jasmine, proteas etc. storage is done at 4-7°C.

2. Controlled atmosphere storage (CA): Low temperature storage in gas tight chambers under decreased levels of oxygen (O₂) and increased levels of carbon dioxide (CO₂). CO₂ levels higher than 4% and O₂ level lower than 0.4 per cent causes injury and anaerobic conditions respectively.

3. Modified Atmosphere storage (MA): Less precise form of CA storage, the dry storage of flowers in sealed bags leads to reduction in O₂ and increase in CO₂ levels due to respiration of the tissue. Buildup of very high level of CO₂ may cause damage to flowers.

4. Hypobaric or Low pressure storage (LPS): Storage at low atmosphere pressure under refrigerated conditions, continuous ventilation and high relative humidity. Rapid loss of water from tissues is major disadvantage and cost of installation is also high.

Irrigation: Lawn grasses are shallow-rooted; therefore, require frequent light irrigation. Use of sprinkler irrigation can save water and number of man-days (labour) to a considerable extent. In summers watering is done at two days interval while in winters irrigation frequency is reduced to once a week. 

Mowing: Lawn grass should be allowed to grow 5-6 cm during any season. In a single mowing, only 33-40% of the clippings should be removed. 

Fertilization: Broadcasting a fertilizer (NPK) mixture at the rate of 50-60 g/m² during Feb-March and August- September is necessary for a lush green lawn. Spraying of Urea at 0.3% is also beneficial 

Dethatching: The process of removing a layer of dead and decaying organic debris and the living roots, crown, and stems of the lawn grass (thatch) from the top layer is known as dethatching. 

Liming: Growth of moss over the lawn area is an indication of acidic soil, which means the soil requires liming. Under such condition, powdered chalk or lime should be applied at the rate of 250 gm per m² area.

Non – renewable energy sources:

1. The sources of energy which cannot be renewed or re – used are called non –renewable energy sources. 

2. Basically these are the energy sources which will get exhausted over a period of time. 

3. Some of the examples of this kind of resources are coal, oil, gas etc.

R = ₹600

\(i=\frac{0.08}{4}\) = 0.02

Present value of perpetuity = P = \(\frac{R}{i}\)

⟹ P = \(\frac{600}{0.02}\) = ₹30,000

Correct option is C) hedge

Hedge: Shrubs or trees planted at regular intervals to form a continuous screen is called as hedge. 

Edges: Evergreen, low growing plants having same characteristics as for planting a hedge are grown to form an edge. 

Carpet bedding: It refers to covering an area, preferably a bed or a series of beds with dense low growing herbaceous plants according to a set design. 

Garden adornments: Statues, garden seats, ornamental vases, sun dials, bird baths, floral clock, fountains, etc.

• Garden drives 
• Paths
• Garden steps 
• Garden walls 
• Fences 
• Gates 
• Arches 
• Pergolas 
• Bridges 
• Lawns 
• Flower beds 
• Borders 
• Carpet Bedding 
• Shrubbery 
• Hedge 
• Edge 
• Terrace 
• Dry wall 
• Greenhouse 
• Conservatory 
• Garden adornments (statues, Garden seats, ornamental vases, sun dials, bird baths, floral clock, fountains, statues etc.) 
• Specialised gardens (water garden, rock garden, paved garden, sunken garden, vertical garden, etc.)

Sen’s ‘Choice of Technique’ was a research work where he argued that in a labour surplus economy, generation of employment cannot be increased at the initial stage by the adaptation of capital – intensive technique.

Correct option is E) vase

Correct option is C) vase

Different features of gardens:

• Garden drives 
• Paths 
• Garden steps 
• Garden walls 
• Fences 
• Gates 
• Arches 
• Pergolas
• Bridges 
• Lawns 
• Flower beds 
• Borders 
• Carpet Bedding 
• Shrubbery 
• Hedge 
• Edge 
• Terrace 
• Dry wall 
• Greenhouse 
• Conservatory
• Garden adornments (statues, Garden seats, ornamental vases, sun dials, bird baths, floral clock, fountains, statues etc.)
• Specialised gardens (water garden, rock garden, paved garden, sunken garden, vertical garden, etc.)

1. Deductive method is also named as analytical or abstract method. 

2. It consists in deriving conclusions from general truths, 

3. It takes few general principles and applies them to draw conclusions. 

4. The classical and neo – classical school of economists notably, Ricardo, JS Mill, Malthus Marshall, Pigou applied the deductive method in their economic investigations

Equilibrium condition of a firm is MC = MR.