Contribution to CPT Question

NO chang in sale either recpt or payment

purchase of old machinery on credit by a cloth merchant is recorded in? 

journal even though subsidory books are maintained

13-Dec-09

a) When was the PIN launched in India?

b) For the following, Which year FBT was Launched ?

         a) 2002-03, b) 1995-96, c) 2005-06, d) 1972-73

FBT was launched in 2005-06 by mr. P. Chidambaram. It is removed  now in 2009 .

PIN launched in 1972 year.. but i left this answer.

repeted question:

quandity:   0       1        2        3

t.output:    30     40     50     60

find AFC of 3rd unit...

ans is 10. [AFC=TFC/Q, 30/3=10, 1st unit of T.U & TFC always same]

What is the cross elasticity demand for "perfect substitutions"

ans---- infinite.

i think its "journal proper" but in exam there is no option for journal proper,, options like these..

a) purchase book

b)sales book

c) journal

4) none of these

pls anyone submit about correct answer..

NNP at factor cost=-------------------------------

ans:   National Income

AFC=ATC-AVC