Question : Read the following statements of Assertion (A) and Reason(R) and choose the correct alternative: Assertion (A): Consumers are educated that they should use ISI marked electrical appliances as ISI mark gives an assurance of such products meeting quality specifications. Reason (R): Many consumer organisations and business firms are also taking an active part in educating consumers.
Option 1: Both A and R correct and R is the correct explanation of A.
Option 2: A is correct and R is wrong.
Option 3: A is wrong and R is correct
Option 4: Both A and R are correct but R is not the correct explanation of A.
Correct Answer: Both A and R are correct but R is not the correct explanation of A.
Solution : It is the right to safety that consumers are educated that they should use ISI marked electrical appliances as ISI mark gives an assurance of such products meeting quality specifications. It is the right of consumer education that consumer acquire knowledge and skills to be an informed consumer.
Hence, option D is correct.
Question : lingering challenges contain: A: Rural credit B: Rural Marketing C: Unemployment
Option 1: Only A and C
Option 2: Only A and B
Option 3: Only B and C
Option 4: All of the above
Question : Guun Limited purchased a running business from Vani Limited for a sum of Rs.25,00,000, payable Rs.4,00,000 by cheque and for the balance issued 8% Debentures of Rs.100 each at 5% premium. The assets and liabilities consisted of the following : Land and Buildings Rs.9,00,000 Plant and Machinery Rs.8,00,000 Patents Rs.40,000 Sundry Debtors Rs.7,00,000 Stock Rs.5,00,000 Sundry Creditors Rs.1,20,000
Question:- Balance of Rs 3,20,000 will be
Option 1: Debited to capital reserve account
Option 2: Credited to securities premium account
Option 3: Credited to capital reserve account
Option 4: Credited to general reserve account
Question : Electrical appliances that employ inferior materials or do not adhere to safety standards run the risk of seriously injuring users. As a result, buyers are advised to use electrical equipment with the ISI mark as this ensure the products satisfy quality standards. Which consumer right is emphasised in the paragraph above?
Option 1: Right to safety
Option 2: Right to be informed
Option 3: Right to be heard
Option 4: Right to consumer education
Question : The natural environment of business includes factors related to:
Option 1: Economic conditions
Option 2: Government regulations
Option 3: Technological advancements
Option 4: Natural resources and ecological factors
Question : Statement 1: Centralization involves decision-making by a few top-level managers.
Statement 2: It restricts the autonomy of lower-level employees.
Option 1: Statement 1 is true, and Statement 2 is false.
Option 2: Statement 1 is false, and Statement 2 is true.
Option 3: Both Statement 1 and Statement 2 are true.
Option 4: Both Statement 1 and Statement 2 are false.
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