Question
Which of the following factors made the kingdom of
Avanti, the most serious competitor of Magadha?  1. Availability of Iron ore mines. 2. Fertile lands in the Ganga doab. 3. Revenue from tolls levied on the movement of goods through the silk route. Select the correct answer using the code given below.Solution
Avanti was an ancient Indian Mahajanapada, roughly corresponded to the present day Malwa region. Iron mines are also found in eastern Madhya Pradesh and were not far from the kingdom of Avanti with capital at Ujjain. • Around 500 B.C., Iron was certainly forged and smelted in Ujjain, and probably the smiths manufactured good quality weapons. • On account of this Avanti proved to be a strong competitor and rival of Magadha for almost 100 years until it was destructed by Magadha under Sisunagas.
Which of the following statements regarding the concept of elasticity of demand is correct:
A.In the case of unitary elastic demand, total revenu...
What is the tenor of the Sovereign Gold Bond (SGB) bond, and when is early encashment/redemption allowed?
Observing changes in the financial variables across the years is:
On April 1, 2024, a listed company grants 5,000 stock options to its employees. The Fair Value per option on the Grant Date is â‚ą120. The options are s...
If an entity revalues its land upward and this is the first time revaluation is being done, how is the increase treated under Ind AS 16?
What was the Contingent Risk Buffer (CRB) percentage for FY24 as decided by the RBI Board?
Calculate the price elasticity of demand for the product if an increase in its price from Rs.20 to Rs.22 leads to a decline in the quantity demanded fro...
In the context of Indian fiscal federalism, Vertical Devolution refers to the ________, and as per the 16th Finance Commission’s recommendations acc...
In the case of a Cash-settled share-based payment where the employee’s services vest over a three-year period, how must the entity recognize and me...
A firm observes that when it raises prices, competitors do not follow, leading to a significant loss of customers, whereas when it reduces prices, compe...
Relevant for Exams:
