The three kinds of partnerships are general partnership, limited partnership and limited liability partnership. These three differ from each... View Article
a) Salary of permanent staff b) licence fees c) rent of premises d) wages Answer: d) Wages Wages are variable costs in a firm, as the number... View Article
The biggest disadvantage in a partnership business is that the partners have unlimited liability towards the partnership firm. Also read:... View Article
The tax benefits enjoyed by a partnership firm is that the partnership does not have to pay for the income tax on the profit shared by the... View Article
a) Downward sloping b) Upward sloping c) Horizontal d) Vertical Answer: a) Downward sloping This is due to the fact that with the rise in... View Article
Following are some of the bad effects of privatisation: Increased bribery and corruption Decreased transparency in business Business is done... View Article
The following are some of the rural development programmes in India: National Rural Livelihood Mission Deen Dayal Upadhyay Grameen Kaushal... View Article
Following are the objectives of rural development: Improving the quality of life of the rural population. To improve the infrastructure of... View Article
Rural areas are characterised by less population than urban areas and also the infrastructure is much less developed than urban areas. The... View Article
The main basis of the rural economy is agriculture as land is the primary means of production for people of rural areas. Meaning of Rural... View Article
The best indicator of overall economic development of a nation is its per capita income. Also read: Difference Between GDP and GNP Nominal... View Article
The basic issues of economic development in India are as follows: Low levels of national income Low levels of per capita income Widespread... View Article
The following are some of the signs or indicators of economic development: Per Capita Income Per Capita Consumption Human Development Index... View Article
a) price stability in the economy. b) employment generation in the country. c) stable foreign relations. d) greater tax collections for the... View Article
Bonds are regarded as a safer form of investment than equity. The rate of return on bonds is less than that obtained from the equity. So bonds... View Article
