In the context of cost-benefit analysis, a project is considered viable if:
A. Present value of costs exceeds present value of benefits
B. Only private benefits are considered
C. Present value of benefits exceeds present value of costs
D. Only financial costs are considered without social costs
Answer: Option C
Solution (By JKSSB Mock Tests)
In cost-benefit analysis, a project is economically viable if the present value of its benefits exceeds the present value of its costs (Net Present Value > 0).
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