Correct Answer: Reverse Logistics

Solution : The correct answer is (d) Reverse Logistics.

Reverse logistics involves the processes and activities associated with managing the flow of products from the point of consumption (or the point of sale) back to the point of origin to recover value or proper disposal. In this case, ABC Clothing is addressing the management of defective or unsold products through collaboration with its suppliers, demonstrating a focus on reverse logistics to handle returns and product disposition. This process ensures that defective or unsold products are appropriately managed, either by returning them to suppliers, refurbishing or disposing of them in an environmentally friendly manner.

Correct Answer: A sustained increase in the general price level
   

Solution : The correct answer is (a) A sustained increase in the general price level

Inflation refers to a persistent and sustained increase in the average price level of goods and services in an economy over time. It means that, on average, prices are rising, and the purchasing power of money decreases. Inflation is commonly measured using various price indices, such as the Consumer Price Index (CPI) or the Producer Price Index (PPI).

Inflation can be caused by factors such as increased demand for goods and services, supply shocks, changes in production costs, or changes in the money supply. It is typically expressed as an annual percentage rate, indicating the rate at which prices are rising over a specific period.

Correct Answer: Measuring the time taken to complete a task

Solution : The correct answer is (c) Measuring the time taken to complete a task.

Time study is a technique used in scientific management to analyze and measure the time required to perform specific tasks or activities. It involves observing and recording the time taken for each element or step of a task, from start to finish. The purpose of time study is to gather data and quantify the time needed to perform tasks accurately. This data can then be used to analyze work processes, identify inefficiencies, and find ways to improve productivity and efficiency.

Correct Answer: 13,40,000

Solution : Answer = 13,40,000

Hence, the correct option is 1.

Correct Answer: Assertion A and reason R are correct but reason R is not the correct explanation of Assertion A

Solution : Answer = Assertion A and reason R are correct, but reason R is not the correct explanation of Assertion A

Assertion A is correct because interest received on investments is indeed classified as investing activities in the cash flow statement. However, reason R is incorrect because interest received on call-in arrears is typically classified as operating activities, not financing activities. Therefore, assertion A and reason R are correct, but reason R is not the correct explanation of assertion A.

Correct Answer: Support and promote new business ventures

Solution : The correct answer is (c) Support and promote new business ventures

The primary objective of the Startup India initiative is to support and promote new business ventures, particularly startups. It provides a range of benefits, incentives, and exemptions to encourage the growth and development of startups, fostering innovation and entrepreneurship in the country.

Correct Answer: Social environment
 

Solution : Social environment represents the customs and traditions, values, culture, believes, norms and ethics of a society in which business enterprises of rates for the betterment of the society.
Hence Option B is correct.

Correct Answer: 25% reduction in quantity demanded

Solution : When the number equals one, the elasticity of demand is unitary. In other words, quantity and price change at the same rate.
If demand is unitary elastic, a 25% increases in price will result in a 25% reduction in the quantity demanded.
Hence d is the correct answer.

Correct Answer: By fostering a sense of belonging

Solution : Correct Option: Option 2
Explanation: The concept of community fosters a sense of belonging and solidarity among its members, contributing to social cohesion in Indian society.

Correct Answer: Educating Consumers

Solution : The correct answer is (c) Educating Consumers. 

XYZ Pharmaceuticals ensures that its product labels provide accurate information about dosage, usage instructions, and potential side effects. This educational aspect of labeling is essential for consumers to use the pharmaceutical products safely and effectively. Labels on pharmaceutical products are crucial in providing vital information that helps consumers understand how to use the product appropriately, avoid potential risks, and ensure proper compliance with medical guidelines.