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                                            4.3 Leverage Analysis


                                        LEVERAGE ANALYSIS / brdaoO EZm{b{gg

                   Q.39. Write a short note on Leverage. / brdaoO na g§{já {Q>ßnUr {b{IE&           374

                   Q.40. What is meant by operating leverage? Explain its utility.
                         Am°naoqQ>J brdaoO go ³¶m Ame¶ h¡? BgH$s Cn¶mo{JVm g‘PmB¶o&
                                                        OR
                         What is Operating Leverage? / Am°naoqQ>J brdaoO ³¶m h¡?                    375

                   Q.41. What is meant by Financial Leverage? Explain its utility.
                         ’$m¶Z|{e¶b brdaoO go ³¶m Ame¶ h¡? BgH$s Cn¶mo{JVm g‘PmB¶o&

                                                        OR
                         Write a short note on Financial Leverage.
                         ’$m¶Z|{e¶b brdaoO na g§{jßV {Q>ßnUr {b{IE&                                 379

                   Q.42. Explain the combined effect of operating and financial leverages.
                         Am°naoqQ>J VWm ’$m¶Z|{e¶b brdaoO H$m g§¶wº$ n«^md g‘PmB¶o&
                                                        OR
                         Write a short note on Degree of combined leverage (DCL).
                         H§$~mB§S> brdaoO H$s {S>J«r (DCL) na g§{já {Q>ßnUr {b{IE&                  383
                   Q.43. How is operating leverage different from financial leverage?
                         Am°naoqQ>J brdaoO ’$m¶Z|{e¶b brdaoO go H¡$go {^ÝZ h¡?
                                                        OR
                         Differentiate between operating and financial leverage.
                         Am°naoqQ>J VWm ’$m¶Z|{e¶b brdaoO Ho$ ~rM A§Va ~VmB¶o&                      386

                   Q.44. What is operating risk and financial risk? Explain.
                         Am°naoqQ>J [añH$ VWm ’$m¶Z|{e¶b [añH$ ³¶m h¡? g‘PmB¶o&
                                                        OR
                         Explain the terms 'operating risk' and 'financial risk'.
                         'Am°naoqQ>J [añH$' VWm '’$m¶Z|{e¶b [añH$' eãXm| H$m dU©Z H$s{OE&           387

                  Solved Practical Questions ......................................................................  389

                  Review Questions .....................................................................................  400
                  Practical Questions ...................................................................................  401




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