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Commerce Economics Difficulty: Medium

At present the base year for measuring national income at constant prices is

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Jaggi and Lau's Model is related to: Issue of debenture is a- Where was the Universal Life Policy introduced first? Which of the following are the benefits of responsibility accounting? I. It facilitates the centralization of decision-making. II. It provides a system of closer control. III. It measures the performance of individuals in an objective manner. IV. It develops a sense of cost-consciousness among managers and their subordinates. On 1 st January, 1996 the stock was valued at Rs. 7,000. During January the purchases of the stock amounted to Rs. 23,000 and the cost of sales during the same period amounted to Rs. 21,000. What had been the value of the stock on 31 st January, 1996: