railway RRB JE (CBT I + CBT II) Mock Test 2024 Construction Materials and Management Project Planning CPM
Select the correct option from the following statements between cost and value.
Statement-1: Cost means the actual cost of construction whereas value means the present market value
Statement-2: Cost depends on demand and supply whereas value is a constant amount.
1
Statement-1 is correct and statement-2 is incorrect
2
Both statements are incorrect
3
Both statements are correct
4
Statement-1 is incorrect and statement-2 is correct