Correct Answer: Decisions should be based on data and scientific analysis.

Solution : The correct answer is (b) Decisions should be based on data and scientific analysis.

Decisions should be based on data and scientific analysis directly aligns with the principle of "Science, not the rule of thumb," emphasizing the importance of making decisions based on evidence, data, and scientific methods.

In summary, the principle of "Science, not the rule of thumb" advocates for making decisions based on data and scientific analysis rather than relying on intuition or subjective judgments.

Correct Answer: Government expenditure and taxation
  

Solution : The correct answer is (a) Government expenditure and taxation.

Fiscal policy involves the use of government spending and taxation to influence the overall state of the economy. It is one of the main tools that governments have to manage the economy and achieve specific economic objectives.

Changes in government expenditure refer to adjustments made to the amount of money that the government spends on various goods, services, infrastructure projects, and programs. Increasing government expenditure can stimulate economic activity and aggregate demand, while reducing government expenditure can have the opposite effect.

Correct Answer: Both statements are true.

Solution : The correct answer is (a) Both statements are true.

The National Sample Survey Office (NSSO) does conduct regular surveys to collect data on employment and unemployment in India. Additionally, NSSO is an autonomous body under the Ministry of Statistics and Program Implementation. Thank you for pointing out the error, and I apologize for any confusion caused.

Correct Answer: Schools
  

Solution : The correct answer is (B) Schools. 

Schools are a crucial type of infrastructure that provides the necessary physical space, facilities, and resources for education and learning. They serve as institutions where students receive formal education and develop their knowledge, skills, and abilities. Schools typically include classrooms, libraries, laboratories, playgrounds, and other facilities that support the teaching and learning process. Adequate school infrastructure is essential for creating a conducive learning environment and promoting educational opportunities for students.

Correct Answer: Assertion is true, but the reason is false.

Solution : The correct answer is (c) Assertion is true, but the reason is false.

The assertion is true. A tall organizational structure often leads to a narrower span of control because there are multiple layers of management, meaning each manager oversees a smaller number of subordinates compared to a flat organizational structure where there are fewer layers and a wider span of control.

The reason is false. Tall structures do not promote a wide span of control; they usually result in a narrow span of control due to the multiple hierarchical levels.

Correct Answer: Customer Satisfaction

Solution : The correct answer is  (d) Customer Satisfaction

By focusing on understanding customer needs and preferences and aiming to deliver superior value, XYZ Automobiles is placing a strong emphasis on ensuring that their customers are satisfied. This approach is customer-centric and aligns with the goal of providing products and services that meet or exceed customer expectations, ultimately leading to high levels of customer satisfaction. Cost minimization, production efficiency, and mass marketing may also be important considerations, but in this scenario, customer satisfaction is the highlighted feature.

Correct Answer: All of the above

Solution : Answer = All of the above

Cash Flow Statement shows inflows and outflows of Cash and Cash Equivalents. Cash Flow Statement gives information about sources and applications of Cash and Cash Equivalents for a specific period. Also, It helps in planning investments and assessing the financial requirements of the enterprise.
Hence, the correct option is 4.

Correct Answer: Greater import possibilities

Solution : The advantages of organic farming are as follows:
1:Environment-friendly.
2: Encourages sustainable growth.
3: Tasty and nutritious food.
4: Cheap procedure.
5: Organic inputs are used.
6: Produces income.
7: Produces revenue through exports.
Hence import is not covered here so option c is the correct answer.

Correct Answer: Both assertions and reasons are correct, and the reason is the correct explanation of the assertion.

Solution : The correct answer is (a) Both assertions and reasons are correct, and the reason is the correct explanation of the assertion.

The assertion that the principle of "Initiative" encourages employees to take on additional responsibilities voluntarily is correct. This principle encourages employees to proactively seek opportunities to contribute beyond their regular duties, demonstrating initiative.

The reason provided, stating that it leads to a more proactive and engaged workforce, is also correct. Encouraging employees to take initiative fosters a proactive attitude and higher engagement, as employees feel empowered to contribute in meaningful ways beyond their basic job requirements.

Both the assertion and the reason are correct, and the reason appropriately explains the assertion.

Correct Answer: Jury of executive opinion

Solution : The correct answer is (c) Jury of executive opinion

A "Jury of executive opinion" is a qualitative forecasting technique that involves gathering opinions and insights from a group of experts or executives within an organization. These individuals provide their judgments, based on their knowledge and experience, regarding future events, trends, and outcomes. The opinions of the experts are combined and analyzed to generate a forecast.