The price index is calculated as
\(\frac{\text{weighted price}}{\text{current price}}\) x \(\frac{100}{1}\)
\(\frac{\text{base year price}}{\text{current price}}\) x \(\frac{100}{1}\)
\(\frac{\text{current price}}{\text{weighted price}}\) x \(\frac{100}{1}\)
\(\frac{\text{current price}}{\text{base year price}}\) x \(\frac{100}{1}\)
Correct answer is D
No explanation has been provided for this answer.
120 units
540 units
100 units
180 units
Correct answer is D
No explanation has been provided for this answer.
450kg
630kg
240kg
580kg
Correct answer is A
No explanation has been provided for this answer.
A company's expenditure on raw materials is termed as_______?
Prime cost
Explicit cost
Average cost
Implicit cost
Correct answer is A
A prime cost is the total direct costs of production including raw materials and labour.
Localization of industry is encouraged because of
Low interest charges on loans
High standard of living
Low foreign exchange rate
Improvements in infrastructure
Correct answer is D
i) Nearness to raw material.
(ii) Availability of source of power.
(iii) Physical and climate conditions.
(iv) Growth of local industries and infrastructure
(v) Supply of trained labor.
(vi) Availability of capital.
(vii) Momentum of an early start.