Questions

In Germany, Kaiser means 'Emperor'. On 18th January, 1871 Wilhelm I was declared as Kaiser of Germany.

1. A fixed budget is established for a specific level of activity whereas flexible budget is prepared for various levels of activity.

2. Fixed budget cannot be changed after the period commences, whereas a flexible budget can be changed after the period commence.

3. Fixed budget is more suitable for fixed expenses whereas flexible budget takes both fixed as well as variable expenses in account.

4. Fixed budget includes only fixed costs, whereas a flexible budget includes fixed costs, variable costs and semi variable costs.

5. Fixed budget is mainly used in planning stage whereas flexible budget is used in controlling stage.

India is the 2nd largest importer of weapons in the world, as per 'Trends in International Arms Transfers 2018.

Business fluctuations refer to the ups and downs in overall business activity measured by changes in national​ income, employment and the price level.