Correct Answer: Rs.1,80,000

Solution : Operation from revenue = Rs 6,00,000
Gross profit ratio = 30%
Gross Profit = 600000*30% = 1,80,000
Hence option 1 is the correct answer.

Correct Answer: Indian National Congress

Solution : The Indian National Congress led the formation of the United Progressive Alliance (UPA) government in 2004.

Correct Answer: Impoverish

Solution : The process of making someone poor is called impoverishing.

Correct Answer: Choice

Solution : The scarcity of resources are a common feature of every economy and it gives rise to the problem of choice. If sources were available in plenty, there would not have been any problem of choice. Hence the correct option is 1.

Correct Answer: Generation of Employment

Solution : Entrepreneurship is a source of employment to people with different abilities, skills and qualifications. Entrepreneurship provide livelihood to those who neither have capital to earn interest nor had land to earn rent.
Hence Option C is correct.

Correct Answer: Controlling

Solution : The correct answer is (c) Controlling

Controlling is the management function that focuses on monitoring performance and ensuring that it aligns with the set standards, goals, and objectives. This function involves establishing performance standards or benchmarks that serve as a reference point for evaluating actual performance. Managers use various control mechanisms, such as performance metrics, Key Performance Indicators (KPIs), and regular assessments, to measure and compare actual performance against these standards. The purpose of controlling is to identify any deviations or variances from the desired performance and take corrective actions as necessary to bring performance back on track. Therefore, controlling is the management function that involves setting performance standards and measuring actual performance against them.

Correct Answer: Stock market index

Solution : Stock market index refers to that index which exhibits the trend in the share market. It is prepared on the basis of some representative companies in whose shares there is a lot of buying and selling. Sensex of bombay's stock exchange and Nifty of National stock exchange at the two major stock market are the two major stock market indexes in india.

Hence, option A is correct.

Correct Answer: Both the assertion and reason are true, and the reason is a correct explanation of the assertion.

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

The assertion is true. Elasticity of supply is a measure of how the quantity supplied of a good or service changes in response to a change in price. It quantifies the degree to which producers are willing and able to adjust the quantity supplied when there is a change in price.

The reason provided is a correct explanation of the assertion. When supply is elastic, producers are more responsive to changes in price, meaning that they can adjust the quantity supplied significantly in response to price changes. In contrast, when supply is inelastic, producers are less responsive to price changes, and the quantity supplied does not vary substantially.

Therefore, the correct answer is (a) Both the assertion and reason are true, and the reason is a correct explanation of the assertion.

Correct Answer: Scientific knowledge

Solution : Alberuni, a medieval traveler, is known for his observations on scientific knowledge. He was a scholar who traveled to the Indian subcontinent and wrote extensively on various subjects, including mathematics, astronomy, and medicine, providing valuable insights into the scientific advancements of the societies he visited.  

Correct Answer:  Indian National Congress

Solution : During the era of one-party dominance, the Indian National Congress dominated national level politics in India, winning consecutive general elections.