Answer:
C. cultural relativism.
Explanation:
The concept of cultural relativism was developed by Franz Boas in the first quarter of the 20th century. Cultural relativism refers to understanding the culture of other persons by relying on his concept of culture instead of following own perception. It states that no culture is superior to others and they are relative in their political, ethical and religious beliefs according to the cultural environment.
Industrial Policy Resolution of 1956 (IPR 1956) is a resolution adopted by the Indian Parliament in April 1956. It was the second comprehensive statement on industrial development of India after the Industrial Policy of 1948. The 1956 policy continued to constitute the basic economic policy for a long time.
Answer: Discount rates are used to determine today's value of money paid or received at some future time.
This calculation is used in the cost-benefit analysis in order to place all economic flows of a project that occur at different points in time into a single year currency so that costs and benefits can be compared.
The rates used are typically around 10%, but try to analyze them with other rates between 5% and 15% to determine if the viability of the project is sensitive to the discount rate. It is defined by World Bank or the government of the country concerned.
