E2- ACCOUNTING FOR BUSINESS DECISIONS

A construction company is building a bridge that will take several years to complete. They track the cost of labor, materials, and overhead for each specific project.

• Job costing

• Batch costing

• Process costing

• contract costing

A company produces soft drinks on a continuous production line, where costs are accumulated for each stage of production, like bottling, packaging, and labeling.

• Job costing

• batch costing

• Process costing

• contract costing

A company manufactures customized furniture based on client orders. Each piece of furniture has unique materials, labor, and overhead costs associated with it.

• contract costing

• Process costing

• Job costing

• None of the above

Which of the following costs are considered relevant when making a decision?

• sunk cost

• fixed overheads cost

• Future costs that will differ between alternatives

• Historical costs

Based on union budget 2024-A robust gateway for global capital and financial services for the economy

• GIFT IFSC

• Digital Public Infrastructure (DPI)-Promoted formalisation and financial inclusion

• IFSC

• RTGS

Strategy for Amrit Kaal is / are

• Commitment to meet ‘Net Zero’ by 2070

• Rooftop solarization

• 30 crore Mudra Yojana loans disbursed to women entrepreneurs

• both a and b

which is / are major schemes under union budget 2024-2025

• Ayushman Bharat-PMJAY

• Mahatma Gandhi National Rural Employment Guarantee Scheme

• Production Linked Incentive Scheme

• all of the above

Which sector has been allocated ₹1.52 lakh crore in the Union Budget 2024-25?

• Rural Development

• Agriculture and Allied Sectors

• Urban Development

• Infrastructure

How many farmers are expected to be initiated into natural farming over the next two years under the Union Budget 2024-25?

• 50 lakh

• 1 crore

• 2 crore

• 5 crore

Which of the following initiatives is aimed at skilling 20 lakh youth over five years?

• New Mudra Loan Scheme

• Pradhan Mantri Awas Yojana

• Internship in 500 top companies

• New Centrally Sponsored Skilling Scheme