CAT Questions

---

A practice to learn something is a Lesson.

The concrete slump recommended for beams and slabs is 30 to 125 mm.

The right to property was deleted from the list of fundamental rights by 44th Constitutional Act in the year 1976.

Uttar Pradesh state government to install 221-Metre Bronze Statue Of lordRam In Ayodhya.

Prices do not reflect the full social cost of production is an example of Market failure.

A market failure occurs when the supply of a good or service is insufficient to meet demand. This results in an inefficient distribution of resources among market participants.

It also occurs if externalities are not accounted for.

If a firm fails to maximize its profits this is not a general market failure.

Generally Accepted Accounting Principles (GAAP) are basic accounting principles and guidelines are concepts that govern the field of accounting.

Accounting principles and guidelines include :

* Business Entity Assumption

* Accounting Period

* Historical Cost Concept

* Full Disclosure Principle

* Cost Principle

* Matching Principle

* Materiality

* Monetary Unit Assumption.

In 1952, Waksman was awarded the Nobel Prize in Physiology or Medicine in recognition "for his discovery of streptomycin," the first antibiotic active against tuberculosis.