Explanation
The term "service sector" refers to a monetary sector that, unlike cultivation and industry, produces no goods, but provides a service that satisfies a need. Education, health, finance, government, transportation, and trade are service sectors.
The service sector provides services, rather than producing material commodities. presentation in the service segment contain retail, banks, hotels, real estate, education, health, social work, computer services, recreation, media, infrastructure, electricity, gas and water supply.
Thus, the correct option is C.
Human activities that are performed to earn profit or monetary gain are called economic activities. Non-economic activities are undertaken with the intention to provide service without paying consideration to financial gain. Then, marketing activities are measures taken to achieve marketing goals. Also, production activities are undertaken to raise production.
Thus, the correct answer is A.
Economic activities are related to manufacturing, distribution, exchange and consumption of goods and services. The most important aim of economic activity is the production of goods and services with a view to make them available to the consumer.
Non-economic activity is an action perform willingly, with the aim of providing services to others lacking any regard as to monetary gain. Individuals human activities which are assumed for individual satisfaction or to satisfy human sentiment are non-economic activities.
The correct option is A.
The time rate system is that system of wage payment in which the workers are paid on the basis of time spent by them in the factory. ... Hence, according to this system, wages are paid on hourly, weekly or monthly basis. Under time rate system, the wages earned by a worker is determined by using the following formula. Time” is made a basis for determining wages of worker. Under this system, the wages are paid according to the time spent by workers irrespective of his output of work done. The wage rates are fixed for an hour, a day, week, a month or even a year (seldom used). This time rate system calculation is based on the working hours of the employee, that is the amount of time spent on the work along with the amount of work delivered within the specific period of time.
The Foreign Exchange Management Act, 1999 (FEMA) is an Act of the Parliament of India "to combine and adjust the law involving to foreign exchange with the purpose of facilitating external trade and payments and for promoting the arranged development and protection of the foreign exchange market in India".
It was passed in the winter session of Parliament in 1999; replace the Foreign Exchange Regulation Act (FERA). This act makes offences related to foreign exchange civil offences. It extends to the whole of India, replacing FERA, which had become mismatched with the pro-liberalization policy of the Government of India.
It enables a new foreign exchange management regime reliable with the rising framework of the World Trade Organization (WTO). It also covered the way for the introduction of the Prevention of Money Laundering Act, 2002, which came into effect from 1 July 2005.
Thus, the correct option is D.
In economic terms, constant returns to scale is when a firm changes its inputs with the results being exactly the same change in outputs (production). In other words, if a firm increases its inputs they will see a proportional increase in production (or outputs).
The similar can be true if a firm decreases its inputs and that results in a proportional decrease in outputs. Constant returns to scale take place when increasing the number of inputs leads to an equivalent increase in the output.
Thus, the correct option is A.
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