B. Manufacturing
Make in India is a key initiative in the current plan to boost manufacturing in the country.
a) Reconciliation
Reconciliation involves comparing and adjusting differences between two sets of records to ensure accuracy.
C
The dependent variable is also known as the response variable, representing the outcome or variable being predicted.
B
The Law of Diminishing Returns states that as one input is increased while keeping others constant, the output will eventually decrease.
B) Keynesianism
Keynesianism advocates for government intervention in the economy to manage demand and stabilise economic fluctuations.
B) By reducing government debt
Privatisation can contribute to fiscal consolidation by reducing the financial burden on the government and decreasing overall debt.
c) To ensure accurate financial statements
Rectifying errors is crucial to maintain the accuracy of financial statements, ensuring that the companys financial position is correctly represented.
B
Justice is an ethical principle that involves treating individuals fairly and impartially.
C
Production in economics primarily concerns the generation of output, goods, or services.
B
The Law of Constant Returns states that as production increases, the average cost per unit remains constant.
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