Question : Assertion (A): Activity ratios are calculated for measuring the efficiency of operations of a business based on the effective utilization of resources.
Reason (R): The current ratio, Quick ratio, asset turnover ratio, inventory ratio, account receivables turnover, etc

Question : Assertion: Liberalization reforms aimed to promote competition in the industrial sector.

Reason: Increased competition encourages innovation and efficiency.

Question : Assertion: Privatization of public enterprises aimed to improve efficiency and accountability.

Reason: Private ownership allows for better management and reduces political interference.

Question : Assertion: Privatization aimed to improve the financial health of public enterprises.

Reason: Privatization can reduce the burden on the government and enhance the efficiency of operations.

Question : Assertion: Physical distribution involves the movement of goods from the producer to the retailer.

Reason: Physical distribution has no impact on the efficiency of the supply chain.