Agri-business Management- ICAR JRF/SRF 2024

• Network and Scheduling Methods:
• Critical Path Method (CPM) $\rightarrow$ (I) Optimal use of available limited resources: A deterministic project management tool focusing on identifying the critical sequence of activities and optimizing time-cost trade-offs and resource crashing.
• Programme Evaluation and Review Technique (PERT) $\rightarrow$ (II) Scheduling technique: A probabilistic project scheduling tool utilizing three-time estimates for non-repetitive R&D projects.
• Graphical Evaluation and Review Technique (GERT) $\rightarrow$ (IV) Probabilistic events: A sophisticated network modeling technique that accommodates probabilistic activity branching, looping, and stochastic node outcomes.
• Line of Balance (LOB) $\rightarrow$ (III) Progress achievement of the project: A specialized graphical scheduling technique used in repetitive manufacturing and multi-unit construction projects to monitor assembly progress against planned delivery schedules.
• Correct Match: (A)-(I), (B)-(II), (C)-(IV), (D)-(III), corresponding to Option 3.

Correct option: (3) (A) - (1), (B) - (I), (C) - (V), (D) - (ttl)

• Start-up Village Entrepreneurship Programme (SVEP):
• SVEP is a focused sub-scheme under the Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM), Ministry of Rural Development, Government of India.
• Approved and implemented since 2016, it supports rural households in setting up sustainable non-farm micro-enterprises by providing business advisory services, Community Resource Persons for Enterprise Promotion (CRP-EP), and initial seed funding through Community Enterprise Funds (CEF).

Correct option: (3) 2016

• Entrepreneurship Development Programme (EDP) Process:
• The standard sequential phases of conducting an EDP include:

• Identification of prospective and right candidates: Screening and selecting individuals possessing genuine entrepreneurial aptitude.
• Training and developing their entrepreneurial capabilities: Imparting motivation, opportunity guidance, and business concept clarity.
• Linking suitable projects with each entrepreneur: Assisting candidates in selecting viable enterprise ideas and formulating project reports.
• Equipping them with basic administrative, financial and managerial capabilities: Training in bookkeeping, production management, statutory compliance, and loan procurement.
  • Correct Sequential Order: (A), (B), (C), (D), corresponding to Option 2.

• Accounting Items and Practical Examples:
• Closing Stock $\rightarrow$ (I) Finished goods: Unsold goods, raw materials, or finished inventory remaining at the end of the accounting period, credited in the Trading Account.
• Outstanding Expenses $\rightarrow$ (II) Unpaid rent: Expenses that have been incurred during the financial period but remain unpaid at year-end, shown under current liabilities.
• Bad Debts $\rightarrow$ (IV) Irrecoverable amount: Uncollectible debts owed by customers/debtors that cannot be recovered, written off as an expense in the Profit & Loss Account.
• Capital $\rightarrow$ (III) Building: Owner's permanent investment represented in the form of tangible fixed assets like land and buildings.
• Correct Match: (A)-(I), (B)-(II), (C)-(IV), (D)-(III), corresponding to Option 3.

Correct option: (3) (A) - (1), (B) - (), (C) - (V), (D) - (ttl)