Please select a subject first
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State whether the following statement is true or false with reasons:
Conservatism means to follow the safe side.
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State whether the following statement is true or false with reasons:
The double entry system is based on “Dual Aspect” concept.
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State whether the following statement is true or false with reasons:
Bank overdraft is an asset of the business.
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Do you agree or disagree with the following statements :
Bills Payable is an asset of the business.
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Select the most appropriate alternative from the given below and rewrite the statement.
Accounts must be honestly prepared and they must disclose all material information is known as _________.
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Select the most appropriate alternative from the given below and rewrite the statement.
According to ______ cash flow statement is prepared and presented for the period for which the profit and loss account is prepared.
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Complete the following sentence:
Excess of gross profit over operating expenses is______
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Assertion and reasoning question :
Assertion (A): Poverty level declines with a rise in agricultural output.
Reasoning (R): Agricultural incomes have declined due to wide fluctuations in climatic conditions.
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Assertion and reasoning question:
Assertion (A): Urban poverty is attributed mainly to spillover effects of migration among the rural poor.
Reasoning (R): Poor rural infrastructure, lack of alternative jobs results in forced migration.
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Assertion (A): Relative poverty is found in all the countries of the world.
Reasoning (R): Differences in the levels of income are the only criteria for judging relative poverty.
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Assertion and reasoning question:
Assertion (A): Poverty is not just a lack of money but also a lack of capabilities.
Reasoning (R): Lack of freedom to satisfy hunger, lack of health care facilities, denial of political freedom leads to poverty.
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Find the odd word out:
High Poverty ratio − Chhatisgarh, Jharkhand, Bihar, Kerala.
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Find the odd word out:
Calories -
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Give economic term:
Denial of opportunities to a certain section of the people in society.
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Give economic term:
The concept of poverty covers material and non-material dimensions.
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Identify and explain the concept from the given illustration:
Urmi's family lives in a situation whereby they are not able to fulfill even the basic needs of life such as food, clothing and shelter.
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Complete the following statement by choosing the correct alternative :
After Independence, India had adopted________
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Complete the following statement by choosing the correct alternative :
At present, the number of industries reserved for the public sector has been reduced to_________
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Assertion and Reasoning type of question:
Assertion (A): In 1990-91, India faced an acute shortage of foreign exchange reserves.
Reasoning (R): Import quotas and tariffs led to an increase in imports.
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Read the following passage and answer the questions given below:
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The Indian ice cream industry is one of the fastest-growing segments of the dairy and food processing sector. India has a low per capita consumption of ice cream of 400 ml whereas in the USA it is 22,000 ml and in China, it is 3000 ml. The per capita consumption of ice cream is low in India because it is a country filled with traditional sweets of more than 100 varieties. In developed countries, people have either pastries or ice-creams for dessert. In the era of Globalisation, the mindset of the people is fast changing. This is because multi-national companies have set up a number of ice-cream parlours, with a lot more varieties and flavours that attract the younger lot. Besides this, there are better delivery systems. The ice cream sector has great potential for growth in the country due to improvements in the cold chain infrastructure, increasing disposable income, and changing the lifestyle of the people. However, it is taxed higher with 18 percent GST while other dairy products in the same basket such as butter and cheese are taxed at 12 per cent. The ice cream industry has generated revenue of more than $1.5 billion in 2016-17. With the employment of 15 lakh people directly or indirectly, it is also considered one of the largest employers of the dairy and food processing industry. |
- Identify the reason for the low per capita consumption of ice cream in India.
- Explain the impact of Globalisation on the Indian ice cream industry.
- Find out the factors that could lead to the growth of the ice cream industry in India.
- Express your views about the implications of higher GST on the ice cream industry in India.
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