Arrange the steps followed in the farm planning and budgeting from beginning to end:
• [(A).] Identification of risks
• [(B).] Identification of enterprises to be included
• [(C).] Assessment of resource endowments on the farm
• [(D).] Statement of objective
Choose the correct answer from the options given below:
Given below are two statements:
• [Statement (I):] The term "Operational holding" refers to the gross cropped area cultivated by the farmer.
• [Statement (II):] The objective of subsistence farming is to produce for both home and market.
In light of the above statements, choose the most appropriate answer from the options given below.
Given below are two statements:
• [Statement (I):] The method which helps to compare the present worth of the future revenue with the present investments is known as compounding.
• [Statement (II):] A process by which the present costs are made to grow with time to make it comparable with the future returns is known as discounting.
In light of the above statements, choose the most appropriate answer from the options given below.