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● Statement 1 is correct: The Poverty Gap Ratio is the gap by which mean consumption of the poor below poverty line falls short of the poverty line. It indicates the depth/intensity of poverty; the more the PGR, the worse is the condition of the poor. While the number of poor people indicates the spread of poverty, PGR indicates the depth of the poverty. ● Statement 2 is correct: During 2004-05 to 2011- 12, PGR also reduced in both rural and urban areas. While the rural PGR declined from 9.64 in 2004-05 to 5.05 in 2011-12 in the urban areas, it declined from 6.08 to 2.70 during the same period. A nearly 50% decline in PGR both in rural and urban areas during 2004-05 to 2011- 12, reflects that the conditions of the poor have improved both in urban and rural areas.
As per recently published data of PIB related to 31st March 2023, How much Gross Merchandise Value (GMV) GeM has recorded in FY 2022-23?
During a reporting period, a company’s assets increase by Rs. 80,000,000. Liabilities decrease by Rs. 20,000,000. Equity must therefore?
If the company earned revenue from operations of Rs.18 lakh, what is the trade receivables turnover ratio of the company?
A company issues 1,00,000 equity shares of ₹10 each at a premium of ₹5, payable as ₹5 on application, ₹5 on allotment (including premium), and �...
A person shall be eligible for appointment as an auditor of a company only if he is a _______________
A machine is purchased for $100,000 and $10,000 is spent on its installation. Residual value of the machine is $9,000 and its useful life is 5 years. Ca...
Which of the following statement is incorrect with respect to income under the head salaries?
Which of the following is not a Subsidiary Book in Accounting?
If a long-term investment suffers a permanent decline in value, how should it be accounted for under AS 13?
The certainty equivalent is _______.