Cost-Benefit Analysis in Transport Projects
CMAT 2025 · Innovation & Entrepreneurship · Medium · Project Appraisal
Given below are two statements:
Statement I: Cost-Benefit Analysis (CBA) measures a project's societal effects and does a cost-benefit comparison in monetary terms. Statement II: CBA is the most widely applied tool for the appraisal of transport projects.
In light of the above statements, choose the correct answer from the options given below:
- A.
Both Statement I and Statement II are true.
- B.
Both Statement I and Statement II are false.
- C.
Statement I is true but Statement II is false.
- D.
Statement I is false but Statement II is true.
A
Explanation
Statement I is true as CBA converts societal costs and benefits into monetary units for appraisal. Statement II is also true because CBA is extensively used globally for public transport and infrastructure project evaluations.
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