Opportunity Cost

Q.

What is sectoral composition of an economy? Is it necessary that the service sector should contribute maximum to GDP of an economy? Comment.

Q.

Why has the industrial sector performed poorly in the reform period?

Q.

Marquis company uses a weighted-average perpetual inventory system.

August $2$	$10$ units were purchased at $\$12$per unit
August $18$	$15$ units were purchased at $\$14$ per unit
August $29$	$12$ units were sold

What is the amount of the cost of goods sold for this sale?

Q.

What is an account answer in one sentence?

Q.

What are the disadvantages in using Paasche's formula for the construction of a price index number?

Q. Define opportunity cost.

Q. Which of the following can be identified as a fixed cost?

1. Labour cost
2. Electricity bill
3. Salary of watchman
4. Cost of raw materials

Q.

In the following question arrange the given words in a meaningful order and choose the sequence from the alternatives given below.

Q. An investor invested Rs. 5 lakhs in Company Q in 1996. After one year, the entire amount along with the interest was transferred as investment to Company P in 1997 for one year. What amount will be received from Company P, by the investor?

1. Rs. 5, 94, 550
2. Rs. 5, 80, 425
3. Rs. 5, 77, 800
4. Rs. 5, 77, 500

Q. Construct a table on the runs scored by different players in the inter-school cricket tournament hosted by your school.

Q.

Q1. Show the effect of following transactions on the Accounting equation:
(i) Tanya started business with cash `10, 00, 000.
(ii) Purchased goods for cash ` 40, 000 & ` 60, 000 on credit.
(iii) Withdrew for Private use ` 10, 000.
(iv) Purchased machinery for cash ` 20, 000.
(v) Paid salaries ` 5, 000.
(vi) Received Interest ` 10, 000.
(vii) Paid to creditors ` 20, 000.
(viii) Sold goods for cash ` 25, 000 (costing ` 15, 000).
(ix) Sold goods on credit ` 15, 000 (costing ` 10, 000.
(x) Purchased furniture from Janak Furnitures ` 10.000.
(xi) Purchased goods on credit from Hari & Sons Ltd. `15, 000.
(xii)Additional Capital introduced ` 2, 00, 000.
(xiii) Deposited ` 40, 000 into bank.
(xiv) Commission received ins advance ` 5, 000.
(xv)Sold goods (costing ` 10, 000) for ` 15, 000 out of which ` 5, 000 received in cash.
(xvi) Depreciation on machinery @ 10%.
(xvii) Purchased a building from Sanya. Paid by raising loan from PNB ` 5, 00, 000.
(xviii) Paid interest on loan ` 10, 000 & instalment of ` 1, 00, 000.
(xix) Took goods costing ` 10, 000, selling price ` 12, 000 for personal use.
(xx) Accrued Interest ` 10, 000.

Q. Excess capacity is not found under ________.

1. Monopoly
2. Monopolistic competition
3. Perfect competition.
4. Oligopoly.

Q. The opportunity cost of a factor of production is ___________.

1. what it is earning in its present use
2. what it can earn in the long period
3. what it can earn in some other use
4. what has to be paid to retain it in its present use