The statements which represent Benefit Cost Ratio (BCR) are : A. Used in project evaluation B. BCR > 1 indicates project feasibility C. Ignores time value of money D. Used in livestock enterprises E. Used in marketing of pharmaceutical products Choose the <b>correct</b> answer from the options given below :
Benefit Cost Ratio (BCR) Statements Analysis
The Benefit-Cost Ratio (BCR) is a crucial metric used in economic appraisal to compare the value of benefits to the value of costs. It helps determine the overall worthiness of a project or investment.
Statement Evaluation:
- A. Used in project evaluation: True. BCR is a standard tool for evaluating the economic viability and efficiency of various projects.
- B. BCR > 1 indicates project feasibility: True. A BCR greater than 1 suggests that the project's benefits outweigh its costs, indicating potential feasibility. Mathematically, if BCR > 1, the project is considered economically beneficial.
- C. Ignores time value of money: False. Standard BCR calculations typically incorporate discounting to account for the time value of money, comparing present values of benefits and costs.
- D. Used in livestock enterprises: True. BCR analysis can be applied to any type of enterprise, including agricultural ones like livestock farming, to assess profitability.
- E. Used in marketing of pharmaceutical products: False. While BCR might evaluate the cost-effectiveness of a specific marketing *project*, it's not a primary tool for general marketing strategy in this sector. Its core application is broader project/investment appraisal.
Conclusion:
Statements A, B, and D accurately represent aspects of the Benefit-Cost Ratio.
Therefore, the correct option is the one including A, B, and D only.
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Important Questions from Mixed Topic (CUET PG)
- Who was the founder of Bolshevik Communist party?
- What is the key guide to statecraft in the realist tradition?
- Chronologically arrange the events in the Cold War period.
A. Berlin Wall is constructed
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B. Politics is an autonomous sphere of action and cannot therefore be reduced to morals
C. International Politics is an arena of conflicting self-interests
D. The ethics of international relations is situational ethics which is very different from private morality
Choose the correct answer from the options given below:Who among the following political thinkers consider the anarchical self help system to be a compelling factor for States to maximise their relative power positions?
