Which of the following is a non-recurring institutional cost in India?

Correct option is A

Furniture is a non-recurring institutional cost in India. Non-recurring costs are one-time expenditures for assets or infrastructure.
Information Booster:
1. Non-recurring costs are typically capital expenditures for long-term assets.
2. Furniture, being durable, is purchased once and used for many years.
3. Recurring costs are ongoing, such as salaries, stipends, and consumables like laboratory chemicals.
4. Non-recurring costs also include costs for buildings, computers, and major renovations.
5. Managing non-recurring costs is crucial for budgeting and financial planning in institutions.
6. Laboratory Chemicals: Recurring cost due to continuous usage in experiments.
Additional Information:
· Furniture: Examples include desks, chairs, cabinets, and laboratory benches.
· Laboratory Chemicals: Require regular replenishment for practical work and research.
· Salary: Regular expense for paying staff and faculty.
· Stipend: Often provided to students or interns on a periodic basis.