Question
In a job order company, factory overheads are allocated
using machine hours. Actual overhead = ₹5 lakh, standard overhead based on actual hours = ₹6 lakh. What is the overhead variance?Solution
When actual overhead < absorbed overhead, it results in under-absorption. ₹6L (absorbed) – ₹5L (actual) = ₹1L under-absorbed.
Match the development theories with their respective proponents.
Column A: Theories
1. Theory of Unbalanced Growth
2. Theory of C...
The theory of interest rate parity means that the__________.
Which of the following sectors received significant emphasis in the Renewable Energy Development Bill as highlighted in the Economic Survey 2023-24?
Income elasticity of an inferior good is always
The standard deviation of a binomial distribution with parameter n=18 and p=2/3 is
Within a country, the domestic price of a product will equal the world price if
In the IS-LM model, what happens if the demand for money (money holding) increases, all else being equal?
According to the Economic Survey 2023-24, what was the retail inflation rate for the fiscal year 2023-24?
Market failure is the inability of
Of 10 computer chips, 4 are defective. What is the probability of selecting 3 without replacement, only one of which is defective?
