Aa¨vq-08: g~jab ev‡RwUs I wewb‡qvM wm×všÍ

¸iæZ¡c~Y© Ávbg~jK
cÖkœ 1| ¯^vaxb cÖKí Kx? [Xv. †ev. 18, iv. †ev. 18, h. †ev. 18, wm. †ev. 18, w`. †ev. 18]
DËi : ¯^vaxb cÖKí n‡jv †mB mKj cÖKí ‡h‡ÿ‡Î GKwU cÖKí Ab¨ †Kv‡bv cÖK‡íi mv‡_ cÖwZ‡hvwMZv K‡i bv|
cÖkœ 2| MÖnY-eR©b wm×všÍ Kx? [ Kz. †ev. 18, P. †ev. 18, e. †ev. 18]
DËi : GKvwaK cÖK‡íi †ÿ‡Î jvfRbKZvi wfwˇZ †Kvb cÖKí MÖnY Kiv n‡e Ges †Kvb cÖKí eR©b Kiv n‡e †m wel‡q wm×všÍ MÖnY Kiv‡K
MÖnY-eR©b wm×všÍ e‡j|
cÖkœ 3| IRR Gi c~Y©iƒc wjL| [ Kz. †ev. 18, P. †ev. 18, e. †ev. 18]
DËi : IRR Gi c~Y©iƒc Internal Rate of Return
cÖkœ 4| g~jab ev‡RwUs wK? [iv. †ev. 16, h. †ev. 16, 17, Kz. †ev. 16, e. ‡ev. 16]
DËi : `xN©‡gqvw` g~jab wewb‡qvM‡K g~jab ev‡RwUs e‡j|
cÖkœ 5| AvšÍtAvq Kx? [Xv. †ev. 16, P. †ev. 17]
DËi : †h evÆvi nv‡i †gvU bM` AvšÍtcÖev‡ni eZ©gvb g~j¨ Ges bM` ewntcÖev‡ni eZ©gvb g~j¨ mgvb nq ‡mB evÆvi nviB n‡jv AvšÍtAvq nvi|
cÖkœ 6| cwi‡kvaKvj Kx? [wm. †ev. 16]
DËi : †h mg‡qi g‡a¨ wewb‡qvMK…Z A_© †diZ cvIqv hv‡e, Zv‡K cwi‡kvaKvj e‡j|
cÖkœ 7| ‡eªvKvi ej‡Z Kx †evS? [nwjµm K‡jR, XvKv]
DËi : †h mg¯Í cÖwZôvb wewb‡qvMKvixi c‡ÿ wmwKDwiwUR µq-weµq K‡i _v‡K Zv‡`i †eªvKvi e‡j|
¸iæZ¡c~Y© Abyavebg~jK
cÖkœ 1| Af¨šÍixY Av‡qi nvi ej‡Z Kx †evSvq? [Xv. †ev. 18; iv. †ev. 18; h. †ev. 18; wm. †ev. 18; w`. †ev. 18]
DËi : ‡h evÆvi nv‡i †gvU bM` AvšÍtcÖev‡ni eZ©gvb g~j¨ bM` ewntcÖev‡ni eZ©gvb g~‡j¨i mgvb nq, Zv‡K Af¨šÍixY Av‡qi LvZ e‡j| GwU Ggb
GKwU evÆvi nvi hv wbU eZ©gvb g~j¨‡K k~b¨ K‡i| G‡ÿ‡Î D³ evÆvi nvi ev Af¨šÍixY Av‡qi nvi g~jab e¨q A‡cÿv †ewk n‡j cÖKíwU
MÖnY‡hvM¨Zv cvq| ci¯úi eR©bkxj cÖK‡íi †ÿ‡Î †h cÖK‡íi Af¨šÍixY Av‡qi nvi (IRR) eo †W cÖKíwU MÖnY‡hvM¨ nq|
cÖkœ 2| Òg~jab ev‡RwUs cÖwµXv wewb‡qvM wm×všÍ‡K mnvqZv K‡iÓ- e¨vL¨v Ki| [Kz. †ev. 18; P. †ev. 18; e. †ev. 18]
DËi : `xN©‡gqvw` wewb‡qvM wm×všÍ MÖn‡Yi †ÿ‡Î K‡qKwU mywbw`©ó avc AbymiY Ki‡Z nq hv‡K g~jab ev‡RwUs cÖwµqv e‡j|
g~jab ev‡RwUs cÖwµqvq cÖKí cÖYq‡bi cvkvcvwkv wewfbœ †KŠkj cÖ‡qv‡Mi gva‡g cÖKí g~j¨qb Kiv nq| cÖKí g~j¨vq‡bi ci g~j¨vwqZ cÖK‡íi
jvfRbKZv wePvi K‡i Avw_©K e¨e¯’vcK mn‡R wm×všÍ wb‡Z cv‡i †h, †Kvb cÖK‡í wewb‡qvM DËg n‡e Ges †Kvb cÖKí eR©b Ki‡Z n‡e| g~jZ
g~jab ev‡RwUs cÖwµqvq cÖK‡íi MÖnY-eR©b wel‡q wm×všÍ †bIqv nq weavq ejv hvq, Òg~jab ev‡RwUs cÖwµqv wewb‡hvM wm×všÍ‡K mnvqZv K‡i|Ó
cÖkœ 3| g~jab †ikwbs ev eivÏKiY ej‡Z Kx †evSvq? [Xv. †ev. 16; Kz. †ev. 16; P. †ev. 17]
DËi : cÖK‡íi jvfRbKv wePvi K‡i AMÖvwaKvi wfwˇZ g~ja‡bi eivχK g~jab ‡ikwbs ev g~jab eivÏKiY e‡j|
‡Kv‡bv cÖwZôv‡bi Znwej mxwgZ A_ev ch©vß _v‡K hv jvfRbK cÖK‡í wewb‡qv‡Mi Rb¨ mywbw`©ó Znwej eivÏ nq| g~jab wbqš¿‡bi †ÿ‡Î wbU
eZ©gvb g~j¨ I gybvdvR©b †KŠkj‡K AMÖvwaKvi †`Iqv nq| g~jab wbqš¿‡Yi gva¨‡g GKvwaK jvfRbK cÖK‡í wbw`©ó nv‡i wewb‡qvM Kiv n‡j SzwKi
cwigvY Kg _v‡K| hLb g~ja‡bi †hvMvb Kg _v‡K wKš‘ GKvwaK jvfRbK cÖKí nv‡Z †bIqv nq ZLb wewb‡qvMKvix †Kej me©vwaK jvfRbK
cÖK‡í g~jab e¨envi K‡i _v‡K| A_©vr ¯^í g~ja‡bi mvnv‡h¨ me©vwaK jvfRbK cÖKí †e‡Q †bIqvi cÖwµqv‡K g~jab †ikwbs e‡j|
cÖkœ 4| g~jab ev‡RwUs ‡Kb Kiv nq? [P. †ev. 16; w`. †ev. 17]
DËi : g~jab ev‡RwUs ej‡Z ‡Kv‡bv `xN©‡gqvw` wewb‡qvM wm×všÍ MªnY cÖwµqv‡K †evSvq| †Kv‡bv †Kv¤úvwb ev cÖwZôvb Zv‡`i ¯’vqx m¤úwËmg~n
µ‡qi wm×všÍ MÖnY Ges wbe©vP‡bi †h cÖwµqvZvB g~jab ev‡RwUs G Av‡jvwPZ nq| G cÖwµqvq, cÖwZôv‡bi ¯’vqx m¤úwË µq Ges Zvi AvaywbKvqb
ZvQvovI wewfbœ wewb‡qvM cÖKí kbv³KiY, we‡kølY I wbev©Pb K‡i Avq-e¨q cÖv°jb K‡i m¤¢ve¨ jvfRbKZv we‡kølY K‡i †m †gvZv‡eK wm×všÍ
MÖnY Kiv|
cÖkœ 5| g~jab ev‡RwUs Gi mv‡_ wewb‡qv‡Mi m¤úK© e¨vL¨v Ki| [h. †ev. 16]
DËi : g~jab ev‡RwUs Gi gva¨‡g mwVK cÖKí wbe©vPb K‡i wewb‡qvM Kiv nq| g~jab ev‡RwUs mwVK cÖKí MÖn‡Y mnvqZv K‡i| wewfbœ cÖwµqvi
gva¨‡g A‡bK cÖKí †_‡K me‡P‡q jvfRbK cÖK‡í wewb‡qvM Kiv nq| `xN©‡gqvw` wewb‡qv‡Mi Rb¨ g~jab ev‡RwUs cÖ‡qvRb| ZvB g~jab ev‡RwUs
Gi mv‡_ wewb‡qv‡Mi m¤úK© I‡Zv‡cÖvZfv‡e RwoZ|
cÖkœ 6| cÖKí g~j¨qb ej‡Z Kx ‡evS ? [w`. †ev. 16]
DËi : cÖKí g~j¨vqb g~jab ev‡RwUs Gi wØZxq avc|
m¤¢ve¨ cÖK‡íi AwbwðqZv, Avq-e¨q, fwel¨r bM` AvšÍtcÖev‡ni Dci wfwË K‡i cÖKí g~j¨qb Kiv nq| cÖKí A‡bK¸‡jv †KŠkj e¨eüZ nq|
†hgb- cwi‡kvaKvj, Mo gybvdvi nvi, wbU eZ©gvb g~j¨, AvšÍtAvq nvi| D³ ‡KŠkj¸‡jv e¨envi K‡i †Kv‡bv cÖK‡íi jvfRbKZv hvPvB Kivi
bvgB cÖKí g~j¨vqb|
cÖkœ 7| Ò‡fvM AMÖvwaKvi A‡_©i mgqg~j¨‡K cÖfvweZ K‡iÓ- e¨vL¨v Ki| [nwj µm K‡jR, XvKv]
DËi : ‡fv‡Mi †ÿ‡Î gvbyl ¯^fveZB fwel¨r mg‡qi †P‡q eZ©gvb mgq‡K cÖvavb¨ w`‡q _v‡K; Kvij fwel¨r me©`v AwbwðZ; †Kv‡bv `ªe¨ ev ‡mevi
eZ©gvbv †fvM AMÖvwaKvi A‡_©i mgqg~j¨ cQ›` cÖeYZv‡K e¨cKfv‡e cÖfvweZ K‡i| KviY, gvbyl g‡b K‡i fwel¨‡Z †Kv‡bv ˆ`e NUbv, Amy¯’Zv
wKsev g„Zz¨i Kvi‡Y `ªe¨ ev †mev †fvM Kiv m¤¢e bvI n‡Z cv‡i| ZvB Zviv †fv‡Mi †ÿ‡Î eZ©gvb mgq‡K cÖavb¨ w`‡q _v‡K|
cÖkœ 8| ¯^vaxb cÖKí ej‡Z Kx †evSvq? [b¨vkbvj AvBwWqvj K‡jR, wLjLvuI, XvKv]
DËi : ¯^vaxb cÖKí n‡jv †mB cÖKí †hLv‡b GKwU cÖK‡íi bM` cÖevn Ab¨ cÖK‡íi bM` cÖev‡ni mv‡_ m¤úwK©Z bq ev ¯^vaxb|
G‡ÿ‡Î GKwU cÖKí MÖnY Kiv n‡j Aci cÖKí MÖn‡Y †Kv‡bv cÖfve we¯Ívi K‡ibv| †hgb wWwRUvj ÷zwWI Gi †ÿ‡Î K¨v‡giv I wcÖ›Uvi µ‡qi
wm×všÍ n‡jv ¯^vaxb cÖKí|
 cÖ‡qvRbxq m~Î:
mbvZb c×wZ
weeiY m~Î e¨vL¨v
GLv‡b,
Ki cieZ©x Mo wbU gybvdv ‡gvU Ki cieZ©x wbU gybvdv
1| Mo gybvdvi nvi (ARR) Ki cieZ©x Mo wbU gybvdv=
wewb‡qvM Kvj
Mo wewb‡qvM
wewb‡qvM fMœve‡kl g~j¨
Mo wewb‡qvM =

2| ‡c e¨vK wcwiqW/cwi‡kvaKvj wewb‡qv‡Mi cwigvY

(PBP) mgcwigvY evwl©K bM` AvšÍ:cÖevn
(hw` bM` AvšÍ: cÖevn mgvb _v‡K)
GLv‡b,
3| ‡c e¨vK wcwiqW/cwi‡kvaKvj NCO  C A= / eQ‡i
PBP  A  µg‡hvwRZ bM` AvšÍ:cÖevn wewb‡qv‡Mi mgvb ev
(PBP) D
KvQvKvwQ nq
(hw` bM` AvšÍ: cÖevn mgvb bv _v‡K)
NCO = wbU wewb‡qv‡Mi cwigvY
C = A eQ‡i cÖvß µg‡hvwRZ bM` AvšÍ:cÖevn
D = A eQ‡ii cieZ©x eQ‡ii bM` AvšÍ:cÖevn

4| AePq Gi cwigvY ‡gvU e¨q Ae‡kl g~j¨

Avqy vj

evÆvK…Z c×wZ
GLv‡b,
5| bxU eZ©gvb g~j¨  1  CFt = ‘t’ mg‡q cÖvß bM`
(NPV)  1 - 1  k n  AvšÍ:cÖevn
(hw` bM` AvšÍ:cÖevn mgvb nq) NPV  CFt    CF0 k = g~jab e¨q
 k  n = ‡gqv`Kvj
  CF0 = cÖv_wgK wewb‡qvM
 
n
CFt
NPV    CF0
t 1 1  k 
6| bxU eZ©gvb g~j¨ n

(NPV) ev,
(hw` bM` AvšÍ:cÖevn mgvb bv nq) CF1 CF2 CF3 CFn
NPV     ........  CF0
1  k  1  k  1  k 
1 2 3
1  k n
7| Af¨šÍixY Av‡qi nvi
IRR
8| gybvdv AR©b m~PK AvšÍ:cÖev‡ni eZ©gvb g~j¨
PI =
PI ewn:cÖev‡ni eZ©gvb g~j¨
wbU bM` AvšÍ:cÖevn wbY©q:(bM` AvšÍ:cÖevn mgvb n‡j)
evwl©K bM` AvšÍ:cÖevn/অ চ ও Kic~e©eZ©x Avq ***
(-) AePq ***
Kic~e©eZ©x Avq ***
(-) Ki % ***
Ki cieZ©x Avq ***
(+) AePq ***
Ki cieZ©x bM` ***

wbU bM` AvšÍ:cÖevn wbY©q:(bM` AvšÍ:cÖevn mgvb bv n‡j)

weeiY 1g eQi 2q eQi 3q eQi 4_© eQi 5g eQi
evwl©K bM` AvšÍ:cÖevn *** *** *** *** ***
*** *** *** *** ***
(-) AePq *** *** *** *** ***
Kic~e©eZ©x Avq *** *** *** *** ***
(-) Ki % *** *** *** *** ***
Ki cieZ©x Avq *** *** *** *** ***
*** *** *** *** ***
(+) AePq *** *** *** *** ***
wbU bM` AvšÍ:cÖevn *** *** *** *** ***

weKí c×wZ:
eQi bM` AvšÍ: cÖevn AePq Ki c~e©eZ©x Avq Ki Ki cieZ©x wbU Avq myweav ev
Avq wbU bM` AvšÍ cÖevn
1 2 3 4= (2-3) 5= (4 %) 6= (4-5) 7= (6+3)
1
2
3
4

Aa¨vq-08: g~jab ev‡RwUs I wewb‡qvM wm×všÍ

¸iæZ¡c~Y© Ávbg~jK
cÖkœ 1| ¯^vaxb cÖKí Kx? [Xv. †ev. 18, iv. †ev. 18, h. †ev. 18, wm. †ev. 18, w`. †ev. 18]
DËi : ¯^vaxb cÖKí n‡jv †mB mKj cÖKí ‡h‡ÿ‡Î GKwU cÖKí Ab¨ †Kv‡bv cÖK‡íi mv‡_ cÖwZ‡hvwMZv K‡i bv|
cÖkœ 2| MÖnY-eR©b wm×všÍ Kx? [ Kz. †ev. 18, P. †ev. 18, e. †ev. 18]
DËi : GKvwaK cÖK‡íi †ÿ‡Î jvfRbKZvi wfwˇZ †Kvb cÖKí MÖnY Kiv n‡e Ges †Kvb cÖKí eR©b Kiv n‡e †m wel‡q wm×všÍ MÖnY Kiv‡K
MÖnY-eR©b wm×všÍ e‡j|
cÖkœ 3| IRR Gi c~Y©iƒc wjL| [ Kz. †ev. 18, P. †ev. 18, e. †ev. 18]
DËi : IRR Gi c~Y©iƒc Internal Rate of Return
cÖkœ 4| g~jab ev‡RwUs wK? [iv. †ev. 16, h. †ev. 16, 17, Kz. †ev. 16, e. ‡ev. 16]
DËi : `xN©‡gqvw` g~jab wewb‡qvM‡K g~jab ev‡RwUs e‡j|
cÖkœ 5| AvšÍtAvq Kx? [Xv. †ev. 16, P. †ev. 17]
DËi : †h evÆvi nv‡i †gvU bM` AvšÍtcÖev‡ni eZ©gvb g~j¨ Ges bM` ewntcÖev‡ni eZ©gvb g~j¨ mgvb nq ‡mB evÆvi nviB n‡jv AvšÍtAvq nvi|
cÖkœ 6| cwi‡kvaKvj Kx? [wm. †ev. 16]
DËi : †h mg‡qi g‡a¨ wewb‡qvMK…Z A_© †diZ cvIqv hv‡e, Zv‡K cwi‡kvaKvj e‡j|
cÖkœ 7| ‡eªvKvi ej‡Z Kx †evS? [nwjµm K‡jR, XvKv]
DËi : †h mg¯Í cÖwZôvb wewb‡qvMKvixi c‡ÿ wmwKDwiwUR µq-weµq K‡i _v‡K Zv‡`i †eªvKvi e‡j|
¸iæZ¡c~Y© Abyavebg~jK
cÖkœ 1| Af¨šÍixY Av‡qi nvi ej‡Z Kx †evSvq? [Xv. †ev. 18; iv. †ev. 18; h. †ev. 18; wm. †ev. 18; w`. †ev. 18]
DËi : ‡h evÆvi nv‡i †gvU bM` AvšÍtcÖev‡ni eZ©gvb g~j¨ bM` ewntcÖev‡ni eZ©gvb g~‡j¨i mgvb nq, Zv‡K Af¨šÍixY Av‡qi LvZ e‡j| GwU Ggb
GKwU evÆvi nvi hv wbU eZ©gvb g~j¨‡K k~b¨ K‡i| G‡ÿ‡Î D³ evÆvi nvi ev Af¨šÍixY Av‡qi nvi g~jab e¨q A‡cÿv †ewk n‡j cÖKíwU
MÖnY‡hvM¨Zv cvq| ci¯úi eR©bkxj cÖK‡íi †ÿ‡Î †h cÖK‡íi Af¨šÍixY Av‡qi nvi (IRR) eo †W cÖKíwU MÖnY‡hvM¨ nq|
cÖkœ 2| Òg~jab ev‡RwUs cÖwµXv wewb‡qvM wm×všÍ‡K mnvqZv K‡iÓ- e¨vL¨v Ki| [Kz. †ev. 18; P. †ev. 18; e. †ev. 18]
DËi : `xN©‡gqvw` wewb‡qvM wm×všÍ MÖn‡Yi †ÿ‡Î K‡qKwU mywbw`©ó avc AbymiY Ki‡Z nq hv‡K g~jab ev‡RwUs cÖwµqv e‡j|
g~jab ev‡RwUs cÖwµqvq cÖKí cÖYq‡bi cvkvcvwkv wewfbœ †KŠkj cÖ‡qv‡Mi gva‡g cÖKí g~j¨qb Kiv nq| cÖKí g~j¨vq‡bi ci g~j¨vwqZ cÖK‡íi
jvfRbKZv wePvi K‡i Avw_©K e¨e¯’vcK mn‡R wm×všÍ wb‡Z cv‡i †h, †Kvb cÖK‡í wewb‡qvM DËg n‡e Ges †Kvb cÖKí eR©b Ki‡Z n‡e| g~jZ
g~jab ev‡RwUs cÖwµqvq cÖK‡íi MÖnY-eR©b wel‡q wm×všÍ †bIqv nq weavq ejv hvq, Òg~jab ev‡RwUs cÖwµqv wewb‡hvM wm×všÍ‡K mnvqZv K‡i|Ó
cÖkœ 3| g~jab †ikwbs ev eivÏKiY ej‡Z Kx †evSvq? [Xv. †ev. 16; Kz. †ev. 16; P. †ev. 17]
DËi : cÖK‡íi jvfRbKv wePvi K‡i AMÖvwaKvi wfwˇZ g~ja‡bi eivχK g~jab ‡ikwbs ev g~jab eivÏKiY e‡j|
‡Kv‡bv cÖwZôv‡bi Znwej mxwgZ A_ev ch©vß _v‡K hv jvfRbK cÖK‡í wewb‡qv‡Mi Rb¨ mywbw`©ó Znwej eivÏ nq| g~jab wbqš¿‡bi †ÿ‡Î wbU
eZ©gvb g~j¨ I gybvdvR©b †KŠkj‡K AMÖvwaKvi †`Iqv nq| g~jab wbqš¿‡Yi gva¨‡g GKvwaK jvfRbK cÖK‡í wbw`©ó nv‡i wewb‡qvM Kiv n‡j SzwKi
cwigvY Kg _v‡K| hLb g~ja‡bi †hvMvb Kg _v‡K wKš‘ GKvwaK jvfRbK cÖKí nv‡Z †bIqv nq ZLb wewb‡qvMKvix †Kej me©vwaK jvfRbK
cÖK‡í g~jab e¨envi K‡i _v‡K| A_©vr ¯^í g~ja‡bi mvnv‡h¨ me©vwaK jvfRbK cÖKí †e‡Q †bIqvi cÖwµqv‡K g~jab †ikwbs e‡j|

cÖkœ 4| g~jab ev‡RwUs ‡Kb Kiv nq? [P. †ev. 16; w`. †ev. 17]
DËi : g~jab ev‡RwUs ej‡Z ‡Kv‡bv `xN©‡gqvw` wewb‡qvM wm×všÍ MªnY cÖwµqv‡K †evSvq| †Kv‡bv †Kv¤úvwb ev cÖwZôvb Zv‡`i ¯’vqx m¤úwËmg~n
µ‡qi wm×všÍ MÖnY Ges wbe©vP‡bi †h cÖwµqvZvB g~jab ev‡RwUs G Av‡jvwPZ nq| G cÖwµqvq, cÖwZôv‡bi ¯’vqx m¤úwË µq Ges Zvi AvaywbKvqb
ZvQvovI wewfbœ wewb‡qvM cÖKí kbv³KiY, we‡kølY I wbev©Pb K‡i Avq-e¨q cÖv°jb K‡i m¤¢ve¨ jvfRbKZv we‡kølY K‡i †m †gvZv‡eK wm×všÍ
MÖnY Kiv|
cÖkœ 5| g~jab ev‡RwUs Gi mv‡_ wewb‡qv‡Mi m¤úK© e¨vL¨v Ki| [h. †ev. 16]
DËi : g~jab ev‡RwUs Gi gva¨‡g mwVK cÖKí wbe©vPb K‡i wewb‡qvM Kiv nq| g~jab ev‡RwUs mwVK cÖKí MÖn‡Y mnvqZv K‡i| wewfbœ cÖwµqvi
gva¨‡g A‡bK cÖKí †_‡K me‡P‡q jvfRbK cÖK‡í wewb‡qvM Kiv nq| `xN©‡gqvw` wewb‡qv‡Mi Rb¨ g~jab ev‡RwUs cÖ‡qvRb| ZvB g~jab ev‡RwUs
Gi mv‡_ wewb‡qv‡Mi m¤úK© I‡Zv‡cÖvZfv‡e RwoZ|
cÖkœ 6| cÖKí g~j¨qb ej‡Z Kx ‡evS ? [w`. †ev. 16]
DËi : cÖKí g~j¨vqb g~jab ev‡RwUs Gi wØZxq avc|
m¤¢ve¨ cÖK‡íi AwbwðqZv, Avq-e¨q, fwel¨r bM` AvšÍtcÖev‡ni Dci wfwË K‡i cÖKí g~j¨qb Kiv nq| cÖKí A‡bK¸‡jv †KŠkj e¨eüZ nq|
†hgb- cwi‡kvaKvj, Mo gybvdvi nvi, wbU eZ©gvb g~j¨, AvšÍtAvq nvi| D³ ‡KŠkj¸‡jv e¨envi K‡i †Kv‡bv cÖK‡íi jvfRbKZv hvPvB Kivi
bvgB cÖKí g~j¨vqb|
cÖkœ 7| Ò‡fvM AMÖvwaKvi A‡_©i mgqg~j¨‡K cÖfvweZ K‡iÓ- e¨vL¨v Ki| [nwj µm K‡jR, XvKv]
DËi : ‡fv‡Mi †ÿ‡Î gvbyl ¯^fveZB fwel¨r mg‡qi †P‡q eZ©gvb mgq‡K cÖvavb¨ w`‡q _v‡K; Kvij fwel¨r me©`v AwbwðZ; †Kv‡bv `ªe¨ ev ‡mevi
eZ©gvbv †fvM AMÖvwaKvi A‡_©i mgqg~j¨ cQ›` cÖeYZv‡K e¨cKfv‡e cÖfvweZ K‡i| KviY, gvbyl g‡b K‡i fwel¨‡Z †Kv‡bv ˆ`e NUbv, Amy¯’Zv
wKsev g„Zz¨i Kvi‡Y `ªe¨ ev †mev †fvM Kiv m¤¢e bvI n‡Z cv‡i| ZvB Zviv †fv‡Mi †ÿ‡Î eZ©gvb mgq‡K cÖavb¨ w`‡q _v‡K|
cÖkœ 8| ¯^vaxb cÖKí ej‡Z Kx †evSvq? [b¨vkbvj AvBwWqvj K‡jR, wLjLvuI, XvKv]
DËi : ¯^vaxb cÖKí n‡jv †mB cÖKí †hLv‡b GKwU cÖK‡íi bM` cÖevn Ab¨ cÖK‡íi bM` cÖev‡ni mv‡_ m¤úwK©Z bq ev ¯^vaxb|
G‡ÿ‡Î GKwU cÖKí MÖnY Kiv n‡j Aci cÖKí MÖn‡Y †Kv‡bv cÖfve we¯Ívi K‡ibv| †hgb wWwRUvj ÷zwWI Gi †ÿ‡Î K¨v‡giv I wcÖ›Uvi µ‡qi
wm×všÍ n‡jv ¯^vaxb cÖKí|

cÖ‡qvRbxq m~Î:
mbvZb c×wZ
weeiY m~Î e¨vL¨v
GLv‡b,
Ki cieZ©x Mo wbU gybvdv ‡gvU Ki cieZ©x wbU gybvdv
1| Mo gybvdvi nvi (ARR) Ki cieZ©x Mo wbU gybvdv=
wewb‡qvM Kvj
Mo wewb‡qvM
wewb‡qvM fMœve‡kl g~j¨
Mo wewb‡qvM =

2| ‡c e¨vK wcwiqW/cwi‡kvaKvj wewb‡qv‡Mi cwigvY

(PBP) mgcwigvY evwl©K bM` AvšÍ:cÖevn
(hw` bM` AvšÍ: cÖevn mgvb _v‡K)
GLv‡b,
3| ‡c e¨vK wcwiqW/cwi‡kvaKvj NCO  C A= / eQ‡i
PBP  A  µg‡hvwRZ bM` AvšÍ:cÖevn wewb‡qv‡Mi mgvb ev
(PBP) D
KvQvKvwQ nq
(hw` bM` AvšÍ: cÖevn mgvb bv _v‡K)
 NCO = wbU wewb‡qv‡Mi cwigvY
C = A eQ‡i cÖvß µg‡hvwRZ bM` AvšÍ:cÖevn
D = A eQ‡ii cieZ©x eQ‡ii bM` AvšÍ:cÖevn

4| AePq Gi cwigvY ‡gvU e¨q Ae‡kl g~j¨

Avqy vj

evÆvK…Z c×wZ
GLv‡b,
5| bxU eZ©gvb g~j¨  1  CFt = ‘t’ mg‡q cÖvß bM`
(NPV)  1 - 1  k n  AvšÍ:cÖevn
(hw` bM` AvšÍ:cÖevn mgvb nq) NPV  CFt    CF0 k = g~jab e¨q
 k  n = ‡gqv`Kvj
  CF0 = cÖv_wgK wewb‡qvM
 
n
CFt
NPV    CF0
t 1 1  k 
6| bxU eZ©gvb g~j¨ n

(NPV) ev,
(hw` bM` AvšÍ:cÖevn mgvb bv nq) CF1 CF2 CF3 CFn
NPV     ........  CF0
1  k  1  k  1  k 
1 2 3
1  k n
7| Af¨šÍixY Av‡qi nvi
IRR
8| gybvdv AR©b m~PK AvšÍ:cÖev‡ni eZ©gvb g~j¨
PI =
PI ewn:cÖev‡ni eZ©gvb g~j¨

wbU bM` AvšÍ:cÖevn wbY©q:(bM` AvšÍ:cÖevn mgvb n‡j)

evwl©K bM` AvšÍ:cÖevn/অ চ ও Kic~e©eZ©x Avq ***
(-) AePq ***
Kic~e©eZ©x Avq ***
(-) Ki % ***
Ki cieZ©x Avq ***
(+) AePq ***
Ki cieZ©x bM` ***

wbU bM` AvšÍ:cÖevn wbY©q:(bM` AvšÍ:cÖevn mgvb bv n‡j)

weeiY 1g eQi 2q eQi 3q eQi 4_© eQi 5g eQi
evwl©K bM` AvšÍ:cÖevn *** *** *** *** ***
*** *** *** *** ***
(-) AePq *** *** *** *** ***
Kic~e©eZ©x Avq *** *** *** *** ***
(-) Ki % *** *** *** *** ***
Ki cieZ©x Avq *** *** *** *** ***
 (+) AePq *** *** *** *** ***
*** *** *** *** ***
wbU bM` AvšÍ:cÖevn *** *** *** *** ***

weKí c×wZ:
eQi bM` AvšÍ: cÖevn AePq Ki c~e©eZ©x Avq Ki Ki cieZ©x wbU Avq myweav ev
Avq wbU bM` AvšÍ cÖevn
1 2 3 4= (2-3) 5= (4 %) 6= (4-5) 7= (6+3)
1
2
3
4

1. ¯ qvi †Kv¤úvwbi wj. Gi Kv‡Q wewb‡qv‡Mi Rb¨ 1,60,000 UvKv Av‡Q| cÖwZôvbwU wewb‡qv‡Mi Rb¨ wb‡Pi `yÕwU cÖKí we‡ePbv Ki‡Q| [Xv. †ev. 017]
cÖKí cÖviw¤¢K wewb‡qvM Ki-cieZ©x gybvdv (UvKv)
(UvKv) 1 2 3
A 75,000 18,000 12,000 10,000
B 75,000 20,000 15,000 8,000
M) cÖKí A -Gi Mo Av‡qi nvi wbY©q Ki|
N) ১২% , wbU eZ©gvb g~‡j¨i wfwˇZ ¯ qvi †Kv¤úvwb wj. Gi wewb‡qvM wm×všÍ mycvwik K‡i|

2. ¯ qvi †Kv¤úvwbi wj. Gi Kv‡Q wewb‡qv‡Mi Rb¨ 1,60,000 UvKv Av‡Q| cÖwZôvbwU wewb‡qv‡Mi Rb¨ wb‡Pi `yÕwU cÖKí we‡ePbv Ki‡Q| [Xv. †ev. 017]
cÖKí cÖviw¤¢K wewb‡qvM Ki-cieZ©x gybvdv (UvKv)
(UvKv) 1 2 3
A 75,000 18,000 12,000 10,000
B 75,000 20,000 15,000 8,000
M) cÖKí A -Gi Mo Av‡qi nvi wbY©q Ki|
N) ১২% , wbU eZ©gvb g~‡j¨i wfwˇZ ¯ qvi †Kv¤úvwb wj. Gi wewb‡qvM wm×všÍ mycvwik K‡i|
 weMZ †evW© cÖkœ:
3. Rbve kIKZ we`y¨r LiP mvkÖ‡qi Rb¨ Zvi evwo‡Z AvMvgx 5 eQ‡ii Rb¨ †mŠiwe`y¨r cøv›U I wW‡Rj cøv›U emv‡bvi wPšÍv-fvebv Ki‡Qb| †hLv‡b Dfq
cøv‡›U LiP n‡e 1,00,000 UvKv Ges †Kv‡bv fMøve‡kl g~j¨ bvB| wb‡P Dfq cøv‡›Ui my` I Ki cieZ©x bM` AvšÍtcÖevn †`Iqv n‡jvt-
[Xv.†ev. iv.†ev. w`.†ev. wm.†ev. h.†ev. 018]
eQi ‡mŠiwe`y¨r cøv›U (UvKv) wW‡Rj cøv›U (UvKv)
1 25,000 20,000
2 40,000 35,000
3 35,000 45,000
4 30,000 25,000
5 15,000 20,000
M) Rbve kIK‡Zi †mŠi we`y¨r cøv‡›Ui wbU eZ©gvb g~j wbY©q K‡iv|
N) DÏxc‡Ki Av‡jv‡K Rbve kIKZ‡K Zzwg †Kvb cøvbwU emv‡bvi mycvwik Ki‡e Ges †Kb?

4. wg. X GKwU cÖK‡í A_© wewb‡qv‡Mi wel‡q fve‡Qb| cÖKíwUi cÖv°wjZ cÖv_wgK wewb‡qvM 4,00,000 UvKv Ges cÖZ¨vwkZ Avqy vj 5 eQi| Avqy vj †k‡l
cÖKíwUi fMøve‡kl g~j¨ 0,000 UvKv| gyjawb e¨‡qi nvi 8% K‡i nvi 40% Ges Ki cieZ©x bM` cÖevn wb¤œiƒct [Kz.‡ev. P.‡ev. e.‡ev. 18]
ermi 1 2 3 4 5
Ki cieZ©x bM` cÖevn (UvKv) 80,000 1,00,000 1,50,000 1,20,000 1,60,000
D‡jøL¨ †h wg. X, NPV Gi wfwˇZ cÖKí g~j¨vq‡bi wm×všÍ †bb|
M) wewb‡qvM cwi‡kvaKvj wbY©q Ki|
N) cÖKíwUi MÖnY‡hvM¨Zvi wel‡q gšÍe¨ K‡iv Ges cÖ‡qvRbxq MvwYwZK we‡kølY †`LvI|

5. ‡jvUvm wj. GKwU bZzb †gwkb msMÖ‡ni cwiKíbv Ki‡Q| †gwkbwUi µqg~j¨ 5 jÿ UvKv, Avqy vj 5 eQi Ges fMøve‡kl g~j¨ 50,000 UvKv| †gwkbwU
e¨env‡ii d‡j AwZwi³ Mo bM` cÖevn (Ki cieZ©x) evwl©K 1 jÿ 30 nvRvi UvKv cÖv°wjZ n‡q‡Q| [Kz.‡ev. P.‡ev. e.‡ev. 018]
M) ‡jvUvm wj. Gi †gwkb †Kbvi †ÿ‡Î Af¨šÍixY DcvR©b nvi (IRR) wbY©q Ki|
N) †jvUvm wj. Gi g~jab e¨‡qi nvi 1 % Ges cÖwZôvbwU gybvdv jf¨Zvm~PK (PI) Gi wfwˇZ wewb‡qvM wm×všÍ †bq| †gwkbwU †Kbvi †hŠ³KZv we‡kølY
K‡iv|
6. ¯ qvi †Kv¤úvwbi wj. Gi Kv‡Q wewb‡qv‡Mi Rb¨ 1,60,000 UvKv Av‡Q| cÖwZôvbwU wewb‡qv‡Mi Rb¨ wb‡Pi `yÕwU cÖKí we‡ePbv Ki‡Q| [Xv. †ev. 017]
cÖKí cÖviw¤¢K wewb‡qvM Ki-cieZ©x gybvdv (UvKv)
(UvKv) 1 2 3
A 75,000 18,000 12,000 10,000
B 75,000 20,000 15,000 8,000
M) cÖKí A -Gi Mo Av‡qi nvi wbY©q Ki|
N) ১২% , wbU eZ©gvb g~‡j¨i wfwˇZ ¯ qvi †Kv¤úvwb wj. Gi wewb‡qvM wm×všÍ mycvwik K‡i|
7. Rbve mvMi GKwU bZzb weKí MÖnY Ki‡e, hvi Rb¨ GKwU †gwkb wKb‡Z n‡e| †gwkbwUi µqg~j¨ 1,00,000 UvKv Ges Avqy vj 5 eQi| cÖwZôv‡bi
K‡ii nvi 40%| D³ wewb‡qvM †_‡K AvMvgx 5 eQi Kic~e© AvšÍtcÖevn n‡e h_vµ‡g 40,000 UvKv, 50,000 UvKv, 40,000 UvKv, 45,000 UvKv Ges
40,000 UvKv| [Xv.‡ev. 2016]
M) DÏxc‡K ewY©Z cÖK‡íi Mo gybvdv nvi (ARR) wbY©q K‡iv|
N) Rbve mvM‡ii Rb¨ NPV-Gi wfwˇZ bZzb cÖK‡í wewb‡qvM hyw³hy³ wK bv? we‡kølY K‡iv|
8. Rbve ivqnvb wmcjv †Kvs wj. Gi Avw_©K e¨e¯’vcK| wZwb †Kv¤úvwbi gybvdvi wKQz Ask †Kv‡bv jvfRbK cÖK‡í wewb‡qvM Ki‡Z Pvb| Rbve ivqnv‡bi
mvg‡b wewb‡qv‡Mi Rb¨ `ywU cÖKí i‡q‡Q| Dfq cÖK‡íi †gqv`Kvj 5 eQi Ges K‡ii nvi 50%| cÖKí `ywUi AePq I Ki c~e©eZx gybvdvi weeiY wb‡P
†`Iqv n‡jv: [iv.‡ev. 2017]
eQi cÖKí X cÖKí Y
1 40,000 70,000
2 40,000 60,000
3 40,000 50,000
4 40,000 50,000
5 40,000 40,000
M) DÏxc‡Ki X Gi cwi‡kvaKvj wbY©q K‡iv|
N) `ywU cÖK‡íi g‡a¨ Rbve ivqnv‡bi Rb¨ †Kvb cÖKíwU †ewk MÖnY‡hvM¨ e‡j †Zvgvi g‡b nq? DÏxc‡Ki Av‡jv‡K Zv we‡kølY K‡iv|
9.
10.
11.
12.
13.
৭.Rbve Zvwg‡gi wewb‡qvM‡hvM¨ Znwej 50,000 UvKv| Zvi D³ dvÛ `ywU cÖK‡í wewb‡qvM Kivi my‡hvM i‡q‡Q| cÖK‡íi Z_¨ mg~n wb¤œiƒct [iv.‡ev. 16]
cÖK‡íi mgq (eQi) 0 1 2 3 4
A Gi wbKU cÖevn (20,000) 6,000 6,000 6,000 6,000
B Gi wbKU cÖevn (30,000) 6,000 8,000 10,000 12,000

wewb‡qv‡Mi cÖZ¨vwkZ Av‡qi nvi 10% Ges fMøve‡kl g~j¨ Dfq cÖK‡í 5,000 UvKv|
M) cÖKí B-Gi PBP wbY©q K‡iv|
N) wbU eZ©gvb g~‡j¨i wfwˇZ Zvwg‡gi wewb‡qvM wm×v‡šÍi †hŠw³KZv e¨vL¨v Ki|

14. wenb wj. Gi wU wewb‡qvM cÖ¯Íve Av‡Q| cÖwZwU cÖK‡íi cÖv_wgK wewb‡qvM n‡e 50,000 UvKv| cÖwZôvbwUi my‡hvM e¨q n‡jv 10%| cÖKí `y wUi bM`
evwl©K AvšÍtcÖevn wb‡P †`Iqv n‡jv: [w`.‡ev. 2017]
eQi cÖKí- K (UvKv) cÖKí- L (UvKv)
1 30,000 20,000
2 20,000 20,000
3 20,000 20,000
4 10,000 20,000

M) DÏxc‡K DwjøwLZ wU cÖK‡íi †c-e¨vsK mgq wbY©q K‡iv|

N) cÖKí `ywUi NPV wbY©q K‡i wenb wj. GK cÖK‡íi MÖnY‡hvM¨Zvi e¨vcv‡i civgk© `vI|

15. wgbwZ wgbv‡ijm †Kvs wj. Gi Kv‡Q `ywU ci¯úi eR©bkxj cÖK‡í A I B †Z we‡bqv‡Mi my‡hvM i‡q‡Q| cÖKí `ywUi bM` cÖevn wb¤œiƒct- [w`.‡ev. 16]
mgq A B
0 (30,000) (40,000)
1 2,000 25,000
2 15,000 18,000
3 7,000 9,000
4 5,000 6,000
M) g~jab e¨q 15% n‡j cÖKí `ywUi NPV wbY©q K‡iv|
N) hw` cÖKí `ywU ¯^vaxb nq Ges g~jab e¨q 1 % n‡j Zzwg †Kvb cÖKí cQ›` Ki‡e? Dˇii mv‡c‡ÿ hyw³ `vI|

16. Rbve AvwZ‡Ki Kv‡Q 55,000 UvKv Av‡Q| GB UvKv wZwb `yBwU cÖK‡í wewb‡qv‡Mi wPšÍv Ki‡Qb| cÖKímg~‡ni Z_¨ewj wb¤œiƒct- [Kz.‡ev. 17]
cÖK‡íi bvg cÖv_wgK wewb‡qvM bM` AvšÍtcÖevn (UvKv)
1g eQi 2q eQi 3q eQi 4_© eQi
cÙv (24,000) 8,000 8,000 8,000 8,000
‡gNbv (30,000) 14,000 11,000 10,000 8,000
Rbve AvwZ‡Ki cÖZ¨vwkZ Av‡qi nvi 11%|
M) DÏxc‡Ki cÙv cÖK‡íi cwi‡kvaKvj wbY©q K‡iv|
N) wbU eZ©gvb g~‡j¨i wfwˇZ Rbve AvwZ‡Ki Rb¨ DËg wewb‡qvM wm×všÍ mycvwik K‡iv|

17. ingvb mv‡ne bvwRqv †Kv¤úvwbi Avw_©K e¨e¯’vcK| wZwb ÔKÕ I ÔLÕ `yÕwU cÖK‡íi †h‡Kv‡bv GKwU‡Z wewb‡qvM Ki‡Z Pv‡”Qb| cÖKí `ywUi Z_¨vewj
wb¤œiƒc: [Kz.‡ev. 16]
cÖKí eQi (0) eQi 1 eQi 2 eQi 3 eQi 4
ÔKÕ (50,000) 20,000 18,000 12,000 10,000
ÔLÕ (50,000) 10,000 12,000 18,000 20,000
evÆvi nvi 10%| ingvb mv‡ne cÖKí g~j¨vq‡bi †ÿ‡Î AvaywbK c×wZ cÖ‡qvM K‡ib|
M) ÔKÕ cÖK‡íi cwi‡kvaKvj wbY©q K‡iv|
N) wbU eZ©gvb g~‡j¨i wfwˇZ ingvb mv‡n‡ei †Kvb cÖKí wbe©vPb Kiv DwPZ? Dˇii mv‡c‡ÿ ‡Zvgvi gZvgZ `vI|

18. wg.wmqvg K I L bv‡gi ci¯úi eR©bkxj `yÕwU wewb‡qvM cÖK‡íi †h‡Kv‡bv GKwU cÖK‡í wewb‡qv‡Mi wPšÍv -fvebv Ki‡Qb| cÖ‡Z¨K cÖK‡íi cÖv_wgK
wewb‡qv‡Mi cwigvY 1,00,000 UvKv| cÖKí `yÕwUi bM` AvšÍtcÖevn wb‡P †`Iqv n‡jvt- [P.‡ev. 17]
eQi 1 eQi 2 eQi 3 eQi 4 eQi 5
cÖKí- K (UvKvq) 17,000 15,000 25,000 20,000 21,000
 cÖKí- L (UvKvq) 20,000 20,000 20,000 20,000 20,000
M) DÏxc‡Ki Av‡jv‡K cÖK‡í -K Gi wewb‡qvM cwi‡kvaKvj (PBP) wbY©q Ki|
N) wg. wmqv‡gi Rb¨ †Kvb wewb‡qvM wm×všÍwU jvfRbK? g~j¨vqb K‡iv|

19. Rbve mvjvg GKwU cÖwZôv‡bi Avw_©K e¨e¯’vcK| Zvi nv‡Z GKwU wewb‡qvM cÖKí i‡q‡Q| cÖK‡íi cÖv_wgK wewb‡qvM 1,00,000 UvKv Ges AvMvgx 03
(wZb) eQ‡i evwl©K bM` Ki- cieZ©x gybvdv h_vµ‡g 30,000; 50,000 I 35,000 UvKv| g~jab e¨q 15%| Rbve mvjvg wbU eZ©gvb g~j¨ c×wZ
(NPV) e¨envi K‡i cÖK‡íi Av‡qi nvi m¤ú‡K© wbwðZ n‡Z Pvb| [P.‡ev. 17]
M) cÖK‡íi Mo gybvdv nvi wbY©q K‡iv|
N) Rbve mvjv‡gi cÖKíwU wK MÖnY Kiv DwPZ? hyw³mnKv‡i DËi `vI|

20. Rbve iZ‡bi nv‡Z `yÕwU cÖ¯Íve i‡q‡Q| Dfq cÖK‡íi cÖv_wgK e¨q 40,000 UvKv| cÖKí †_‡K wZwb 5 eQ‡i wb¤œwjwLZ Ki-cieZ©x bM` cÖevn Avkv
Ki‡Qbt- [P.‡ev. 16]
eQi 1 2 3 4 5
bM` cÖevn (cÖKí K) 8,000 10,000 7,000 9,000 12,000
bM` cÖevn (cÖKí L) 7,000 14,000 6,000 13,000 4,000
M) cÖKí K-Gi cwi‡kvaKvj wbY©q K‡iv|
N) wbU eZ©gvb g~‡j¨i wfwˇZ cÖK‡íi MÖnY‡hvM¨Zv hvPvB K‡iv|

21. gviæd mv‡n‡ei Kv‡Q `yBwU ci¯úi eR©bkxj cÖKí i‡q‡Q| cÖKí `ywUi cÖv_wgK wewb‡qvM 1,40,000 UvKv| evÆvi nvi 15%| gviæd mv‡ne evÆvK…Z
bM` cÖevn c×Zx e¨envi K‡ib| cÖKí `ywUi bM` AvšÍtcÖevn wb‡P †`Iqv n‡jvt- [wm.‡ev. 17]
eQi cÖKí X cÖKí Y
1 80,000 UvKv 70,000 UvKv
2 70,000 UvKv 50,000 UvKv
3 40,000 UvKv 30,000 UvKv
M) DÏxc‡Ki cÖKí X †_‡K KZ mg‡q g~jab †diZ cvIqv hv‡e?
N) DÏxc‡Ki cwi‡kvaKvj mgq we‡ePbv †Kvb cÖKíwU MÖnY Kiv DwPZ? we‡kølY K‡iv|

22. mvjvg mv‡n‡ei cY¨ ißvwbKvix GKwU cÖwZôvb Av‡Q| cY¨ Drcv`‡bi Rb¨ wZwb GKwU †gwkb †Kbvi wm×všÍ †bb| wZwb 90,000 UvKv e¨‡q †gwkb
†Kbvi Rb¨ `ywU weKí evQvB K‡ib| g~jab e¨q 1 %| weKí `ywUi bM` AvšÍtcÖevn wb¤œiƒct [wm.‡ev. 17]
eQi bM`
cÖKí A (UvKv) cÖKí (UvKv) B
1 50,000 10,000
2 40,000 20,000
3 30,000 30,000
4 20,000 40,000
5 10,000 50,000
M) DÏxc‡Ki cÖKí An‡Z cÖvß AvšÍtcÖev‡ni wbU eZ©gvb g~j¨ KZ? wbY©q Ki|
N) wbU eZ©gvb g~‡j¨i wfwˇZ, DÏxc‡Ki Av‡jvK weKí `ywUi g‡a¨ †KvbwU jvfRbK? we‡kølY K‡iv|

23. ‡Kv¤úvwb 7,00,000 UvKv g~‡j¨i GKwU bZzb †gwkb †Kbvi welq we‡ePbv Ki‡Q| †Kv¤úvwbi g~jab e¨q 10% Ges K‡c©v‡iU K‡ii nvi 40%| †gwkbwU
e¨env‡ii gva¨‡g AvMgvx 5 eQi wb¤œwjwLZ nv‡i Kic~e©eZx nv‡i Kic~e©eZx bM` cÖevn Avkv Kiv hv‡”Q: [wm.‡ev. 16]
eQi Kic~e©eZx bM` cÖevn
1 1,40,000
2 2,10,000
3 3,20,000
4 3,00,000
5 2,10,000
M) DÏxc‡K ewY©Z †gwkbwUi Mo DcvR©b nvi KZ?
N) wbU eZ©gvb g~‡j¨i Av‡jv‡K †gwkbwU †Kbvi wel‡q †Kv¤úvwbi wm×všÍ Kx nIqv DwPZ? we‡kølY K‡iv|

24. nvmvb ‡Kv¤úvwbi wewb‡qvM cÖKí wb¤œiƒc:- [h.‡ev. 17]

cÖK‡í cÖv_wgK wewb‡qvM 1,00,000 UvKv
cÖK‡íi †gqv` 5 eQi
fMøve‡kl g~j¨ k~b¨
Ki-cieZ©x bM` cÖevn
 eQi cwigvY (UvKv)
1g 60,000
2q 30,000
3q 20,000
4_© 50,000
5g 50,000
‡Kv¤úvwbi g~jab e¨q 10%| cÖK‡íi AePq w¯’i wKw¯Í c×wZ wnmvefz³ nq| †Kv¤úvwbi Ki nvi 40%|
M) cÖKíwUi wbU eZ©gvb g~j¨ wbY©q K‡iv|
N) nvmvb †Kv¤úvwbi D³ cÖKíwU‡Z wewb‡qvM Kiv wK DwPZ? gšÍe¨ K‡iv|

25. Rbve Avwmd XvKv wj. Gi Avw_©K e¨e¯’vcK| wZwb `xN©‡gqv`x wewb‡qv‡Mi 6% g~jab e¨q Abygvb mv‡c‡ÿ `yBwU cÖKí g~j¨vqb Ki‡Qb| wb‡P cÖKí
`yBwUi Z_¨mg~n Dc¯’vcb Kiv n‡jv- [e.‡ev. 17]
eQi cÖKí -K (UvKv) cÖKí- L (UvKv)
0 (1,20,000) (1,20,000)
1 30,000 10,000
2 30,000 20,000
3 30,000 30,000
4 30,000 40,000
5 30,000 50,000
cwi‡kvaKvj 4 eQi -
Mo gybvdvi nvi ? -
wbU eZ©gvb g~j¨ 6,370 UvKv -
IRR 8.01% -
M) cÖKí- K Gi Mo gybvdvi nvi wbY©q K‡iv|
N) XvKv wj. Gi Avw_©K e¨e¯’vcK cÖKí IRR - K G wewb‡qv‡Mi wm×všÍ wb‡q‡Qb| . Gi we‡ePbvq cÖKíwU wbe©vP‡bi †hŠw³KZv †`LvI|

26. mvwgU wj. ci¯úi eR©bkxj `ywU cÖK‡íi K_v we‡ePbv Ki‡Q hv‡`i cÖwZwUi cÖv_wgK wewb‡qvM 1,40,000 UvKv `iKvi| †Kv¤úvwb cÖKí `ywU g~j¨vqb
Ki‡Z wM‡q Ki‡Z wM‡q †`L‡Z †cj ÔAÕ cÖK‡íi †c-e¨vK mgq 3.18 eQi Ges wbU eZ©gvb g~j¨ ,548 UvKv| D‡jøL¨, †Kv¤úvwbi g~jab e¨q 9%|
wb‡P cÖKí `ywU †_‡K bM` AvšÍtcÖevn n‡e Zv †`Iqv n‡jv- [e.‡ev. 17]
eQi bM` AvšÍtcÖevn
cÖKí-A (UvKv) cÖKí-B (UvKv)
1 44,000 70,000
2 44,000 60,000
3 44,000 30,000
4 44,000 25,000
M) cÖKí-B Gi †c-e¨vK mgq wbY©q K‡iv|
N) mvwgU wj. Gi †Kvb cÖKí MÖnY Kiv DwPZ? we‡kølY K‡iv|

Aa¨vq-07: ¸iæZ¡c~Y© eûwbe©vPwb

1| wewb‡qvM wm×všÍ MÖnY‡K Kx ejv nq ? N. AwZ `xN©‡gqvw`
K. g~jab e¨q 3| †KvbwU g~jab ev‡RwUs g~j¨vq‡bi mbvZb †KŠkj ?
L. g~jab ev‡RwUs K. cwi‡kvaKvj
M. g~jab †ikwbs L. wbc eZ©gvb g~j¨
N. A‡_©i mgq g~j¨ M. Af¨šÍixb gybvdvi nvi
2| g~jab ev‡RwUs g~jZ †Kvb †gqv‡`i A_©vqb ? N. evÆvK…Z cwi‡kva Kvj
K. ¯^í‡gqvw` 4| †KvbwU g~jab ev‡RwUs Gi Ab¨Zg we‡eP¨ welq ?
L. ga¨‡gqvw` K. Avq
M. `xN©‡gqvw` L. m¤úwË µq
M. m¤úwË weµq 14| GKwU cÖK‡íi cÖv_wgK wewb‡qv‡Mi cwigvY 4,00,000 UvKv
N. mgqKv Ges Mo KiceZx© wbU gybvdv 50,000 UvKv|cÖKíwUi Mo gybvdvi
5| cÖKí AMÖvwaKvi wfwˇZ g~jab eivÏ †`qv n‡j Zv‡K Kx e‡j ? nvi KZ ?
K. g~jab ev‡RwUs K.12.5%
L. g~jab wbqš¿Y L. 25%
M. e¨q wbqš¿Y M. 40%
N. Avq we‡kølY N. 50%
6| †KvbwU g~jab ev‡RwUs cÖYq‡b cÖ_g c`‡ÿc ? 15| g~jab ev‡RwUs-Gi †Kvb c×wZ‡Z wnmveweÁvb DcvR©b nvi
K. cÖKí D™¢veb ejv nq ?
L. cÖKí g~j¨qb K. †c-e¨vK mgq
M. cÖKí wbe©vPb L. Mo gybvdvi nvi
N. d‡jvqvc M. wbU eZ©gvb g~j¨
7| K I L `yB eÜz wg‡j gvQ Pvl Kivi wPšÍv-fvebv Ki‡Qb| g~jab N. AvšÍtAv‡qi nvi
ev‡RwUs Gi mvnv‡h¨ Zviv wb‡Pi †Kvb wm×všÍ wb‡eb ? 16| evÆvi nviIRR †P‡q †ewk n‡jNPV Kx n‡e ?
K. cyKz‡ii Rb¨ Rwg µq K. FYvZœK
L. gv‡Qi †cvbv µq L. avbvZœK
M. gv‡Qi Lv`¨ µq M. wewb‡qv‡Mi mgvb
N. Lvgvi iÿYv‡eÿY e¨q N. wewb‡qv‡Mi †P‡q †ewk
8| `xN©‡gqvw` cÖKí g~j¨vq‡b Kx Ki‡Z nq ? 17| IRR Gi abvZœK n‡j Kxfv‡e FYvZœK Kiv hv‡e ?
K. eZ©gvb Av‡qi mv‡_ A_©‰bwZK Ae¯’vi Zzjbv K. evÆvi nvi Kwg‡q
L. fwel¨r Av‡qi mv‡_ eZ©gvb Av‡qi Zzjbv  L. evÆvi nvi evwo‡q
M. Pµe„w× my‡`i mv‡_ mij my‡`i Zzjbv M. mgvb †i‡L
N. mg‡qi mv‡_ mv‡_ e¨‡qi Zzjbv N. ïb¨ K‡i
9| †h †ÿ‡Î GKwU cÖKí MÖnY Kiv n‡j Zv‡K Aci cÖKíwU 18| GKwU cÖK‡íi IRR=cost of capital n‡j NPV KZ n‡e ?
Aek¨B evwZj Ki‡Z nq Zv‡K Kx cÖKí e‡j ? K. kyb¨
K. ¯^vaxb L. abvZœK
L. civwab M. FYvZœK
M. ci¯úi eR©bkxj N. wbY©q‡hvM¨ bq
N. wbf©ikxj 19| Avwei GÛ mÝ-Gi cªKí Gi Mo gybvdvi nvi 25% Ges Mo
10| GKwU cÖK‡íi bM` cÖevn Ab¨ cÖK‡íi bM` cÖev‡ni mv‡_ wewb‡qvM 4,00,000 UvKv n‡j, cÖKí Gi Mo wbU gybvdv KZ ?
m¤úwK©Z bv n‡j Zv‡K Kx ejv nq ? K. 50,000 UvKv
K. eR©bkxj cÖKí L. 1,00,000 UvKv
L. wbf©ikxj cÖKí M. 1,50,000
M. Aaxb cÖKí N. 2,00,000 UvKv
N.¯^vaxb cÖKí 20| †Kvb cÖK‡íi PBP 4 eQi| evwl©K mgvb bM` AvšÍtcÖevn
11| ‡KvbwU g~jab ev‡RwUs-Gi cÖ‡qvM‡ÿÎ ? 15,000 UvKv n‡j cÖviw¤¢K wewb‡qv‡Mi cwigvY KZ ?
K. ¯’vqx m¤úwË K. 50,000
L. KvuPvgvj µq L. 30,000
M. gRy` cY¨ weµq M. 40,000
N. Kg©Pvix‡`i †eZb cÖ`vb N. †KvbwUB bq
12| Mo DcvR©b nvi c×wZi D‡Ïk¨ †KvbwU ? 21| hw` bM` ewntcÖevn‡K mgvb bM` AvšÍtcÖevn Øviv fvM Kiv nq
K. cÖK‡íi mgqKvj wbiæcY Zvn‡j Kx cvIqv hv‡e ?
L. cÖK‡íi wewb‡qvM Gi cwigvY wbY©q K. Mo Av‡qi nvi
M. cÖK‡íi jvfRbKZv wbY©q L. wbU eZ©gvb g~j¨
N. cÖK‡íi LiP wbiæcb M. AvšÍtAv‡qi nvi
13| evÆvK…Z bM` cÖevn we‡ePbvq †KvbwU‡Z Av‡qi nvi cÖavb N. cwi‡kvaKvj
we‡eP¨ welq ? 22| ÔKÕ †Kv¤úvwb wj. 10,000 UvKv wb‡q e¨emv ïiæ Kij| hv
K. IRR †_‡K AvMvgx 5 eQi cÖwZeQi 4,000 UvKv K‡i †c‡jb|
L. OMM cwi‡kvaKvj wbY©q K‡iv|
M. NPV K. 1.6 eQi
N. PBP L. 2.5 eQi
M. 3.1 eQi
N. 4.3 eQi iii. evÆvi nvi
23| wb‡Pi †KvbwU g~jab ev‡RwUs-Gi AevÆvK…Z c×wZ ? wb‡Pi †KvbwU mwVK ?
K. wbU eZ©gvb g~j¨ (K) i I ii (L) i I iii (M) ii I iii (N) i ii I iii
L. †c-e¨vK mgq c×wZ ►wb‡Pi DÏxcKwU c‡o 3 I 33 bs cÖ‡kœi DËi `vI|
M. AvšÍtAvq nvi Kgvm© Iqvì© †Kv¤úvwb Avw_©K e¨e¯’vcK wg.mvweŸi GKwU bZzb
N. gybvdv AR©b m~PK cÖK‡í wewb‡qv‡Mi jvfRbKZv wbY©‡qi c~‡e© ci¯úi 5 eQ‡ii
24| †h evÆvi nv‡i wbU bM` AvšÍtcÖevn Ges g~j wewb‡qvM mgvb nq gybvdvi mv‡_ AePq †hvM bv K‡iB †gvU 5 Øviv fvM K‡ib|wKšÍy
Zv‡K Kx ejv nq ? †gvU wewb‡qvM‡K Øviv fvM K‡ib|
K. Mo Av‡qi nvi 32| wg. mvweŸ‡ii Abym„Z c×wZ †KvbwU ?
L. wbU eZ©gvb g~j¨ K. Mo gybvdv nvi
M. Af¨šÍvixb Av‡qi nvi L. †c-e¨vK mgq
N. cwi‡kvaKvj M. wbU eZ©gvb g~j¨
25| g~jab ev‡RwUs-Gi †h mKj c×wZ‡Z A‡_©i mgqg~j¨ we‡ePbv N. AvšÍtg~j¨
Kiv nq bv- 33| DÏxc‡K wb‡`©wkZ c×wZi mxgve×Zv n‡jv-
i. wbU eZ©gvb g~j¨ ii. ‡c-e¨vK mgq i. A‡_©i mgq g~j¨ D‡cwÿZ
iii. Mo gybvdvi nvi ii. mKj bM` cÖev‡ni g~j¨ mgvb
wb‡Pi †KvbwU mwVK ? iii. gybvdv I wewb‡qvM‡K wfbœ msL¨v Øviv fvM
(K) i I ii (L) i I iii (M) ii I iii  (N) i ii I iii wb‡Pi †KvbwU mwVK ?
26| g~jab ev‡RwUs Gi ˆewkó¸‡jv n‡jv- (K) i I ii (L) i I iii (M) ii I iii (N) i ii I iii
i. ¯’vqx m¤úwË µq ►wb‡Pi DÏxcKwU c‡o 34 bs cÖ‡kœi DËi `vI|
ii. g~jab e¨q XYZcÖK‡íi 10% nv‡i wbU eZ©gvb g~j¨ 5,000 UvKv Ges 12%
iii. Ae‡kl g~j¨ nv‡i wbU eZ©gvb g~j¨ (300) UvKv|
wb‡Pi †KvbwU mwVK ? 34| XYZ cÖK‡íi Af¨šÍixY DcvR©b nvi KZ ?
(K) i I ii (L) i I iii (M) ii I iii (N) i ii I iii K. 11.87%
27| g~jab ev‡RwUs-Gi AvIZv n‡jv- L. 12.20%
i. bZzb wewb‡qvM wm×všÍ MÖnY M. 13.10%
ii. m¤úwËi cÖwZ¯’vcb N. 13.87%
iii. m¤úªmviY ►wb‡Pi DÏxcKwU c‡o 35 bs cÖ‡kœi DËi `vI|
wb‡Pi †KvbwU mwVK ? GKwU cÖK‡íi cÖv_wgK wewb‡qvM 50,000 UvKv| AvMvgx 5 eQi
(K) i I ii (L) i I iii (M) ii I iii (N) i ii I iii cÖvß bM` cÖevn h_vµ‡g 17,700, 16,800, 25,500, 19560 I
28| g~jab ev‡RwUs-Gi mwVK c×wZ wbe©vPb Ki‡Z nq- 26,760 Ges evÆvi nvi 20%|
i. wewb‡qvM Mo wbU gybvdv Abymv‡i 35| cÖKíwUi wbU eZ©gvb g~j¨ KZ ?
ii. wewb‡qvM cÖK‡íi SzuwK we‡ePbv K‡i K. 11,360 UvKv
iii. wewb‡qvM cÖK‡íi wewfbœ aib Abymv‡i L. 12,000 UvKv
wb‡Pi †KvbwU mwVK ? M. 12,360 UvKv
(K) i I ii (L) i I iii (M) ii I iii (N) i ii I iii N. 10,000 UvKv
29| g~jab ev‡RwUs G cÖK‡íi g~j¨vqb evÆvK„Z c×wZ-
i. IRR
ii. NPV
iii. ARR
wb‡Pi †KvbwU mwVK ?
(K) i I ii (L) i I iii (M) ii I iii (N) i ii I iii
30| NPV O n‡j Zv wb‡`©k K‡i-
i. cÖv_wgK wewb‡qvM Ach©vß
ii. cÖK‡íi evwZj‡hvM¨Zv
iii. cÖK‡íi MÖnY‡hvM¨Zv
wb‡Pi †KvbwU mwVK ?
(K) i (L) ii (M) iii (N) i ii I iii
31| †c-e¨vK mgq c×wZi Rb¨ cÖ‡hvR¨ n‡e-
i. evwl©K bM` AvšÍtcÖevn
ii. cÖviw¤¢K wewb‡qvM