Bissoy.com
Doctors Medicines MCQs Q&A

In the question below, are given a statement followed by three courses of actions numbered I, II and III. On the basis of the information given, you have to assume everything in the statement to be true, and then decide which of the following suggested courses of actions logically follow(s) for pursuing. Statement: Ikea, the world’s largest furniture retailer with 38 billion euros in annual sales, said the customs duty increase will push up costs in India and could hamper business sentiment. Trade barriers such as import duties are against ideas of a global economy and ease of doing business and will lead to higher costs in India, which is not customer friendly. Ikea said it’s still gauging the impact of the move and wouldn’t be able to comment on whether prices will be raised or not. The Swedish company’s entry marked one of the most significant overseas investments in the country.  Courses of action: I. The company imports, most of the products it sells including tableware, kitchenware and household items made of plastic, and travel bags among other items that are covered by the duty increase announced on Wednesday. Companies have said prices of air-conditioners, premium refrigerators, washing machines, shoes and suitcases will go up by 3-5% while premium imported shoes will be dearer by about 5%.  II. Ikea made its debut in India with its Hyderabad store in August and plans to expand to more locations across the country, keeping prices low as it seeks to appeal to customers in a price sensitive market.  III. India announced duty changes on 19 items including air-conditioners, refrigerators, washing machines, footwear, jewelry, furniture fittings, tableware and ATF to curb the current account deficit and stem the slide in the rupee against the dollar. 

In the question below, are given a statement followed by three courses of actions numbered I, II and III. On the basis of the information given, you have to assume everything in the statement to be true, and then decide which of the following suggested courses of actions logically follow(s) for pursuing. Statement: Ikea, the world’s largest furniture retailer with 38 billion euros in annual sales, said the customs duty increase will push up costs in India and could hamper business sentiment. Trade barriers such as import duties are against ideas of a global economy and ease of doing business and will lead to higher costs in India, which is not customer friendly. Ikea said it’s still gauging the impact of the move and wouldn’t be able to comment on whether prices will be raised or not. The Swedish company’s entry marked one of the most significant overseas investments in the country.  Courses of action: I. The company imports, most of the products it sells including tableware, kitchenware and household items made of plastic, and travel bags among other items that are covered by the duty increase announced on Wednesday. Companies have said prices of air-conditioners, premium refrigerators, washing machines, shoes and suitcases will go up by 3-5% while premium imported shoes will be dearer by about 5%.  II. Ikea made its debut in India with its Hyderabad store in August and plans to expand to more locations across the country, keeping prices low as it seeks to appeal to customers in a price sensitive market.  III. India announced duty changes on 19 items including air-conditioners, refrigerators, washing machines, footwear, jewelry, furniture fittings, tableware and ATF to curb the current account deficit and stem the slide in the rupee against the dollar.  Correct Answer None follows

A course of action is something that needs to be done considering the present scenario in mind. The given statement is about Ikea which is expressing concerns regarding the increase in the customs duty which would affect the business.

From the statement, ‘Ikea said it’s still gauging the impact of the move and wouldn’t be able to comment on whether prices will be raised or not’ we can comprehend that Ikea is still calculating the impact and is not in a state to comment anything. Thus, the course of action in regard to this must be something that will help Ikea in computing the impact and comprehending important information out of it.

From the courses of actions discussed none of them is relevant in the direction that Ikea is doing something to compute the impact of the increased import tariffs.

Course of action I can be rejected as it states the impact of the increase in the import tariffs. If in the statement, it would have been mentioned that Ikea is analysing the facts stated then it could have been an appropriate answer choice. But since, it is not the case, it can be eliminated.

Course of action II can also be rejected as it talks about the past and a future course of action cannot be in the past tense.

Course of action III talks about the context of India announcing the tariffs and is also irrelevant because of the reasons stated above.

Thus, the correct answer is option 5.

Related Questions

In the question below, are given a statement followed by three courses of actions numbered I, II and III. On the basis of the information given, you have to assume everything in the statement to be true, and then decide which of the following suggested courses of actions logically follow(s) for pursuing. Statement: The government will ‘very soon’ implement the second set of measures including curb on imports of non-essential items to shore up rupee to 68-70 level against the US dollar, Economic Affairs Secretary Subhash Chandra Garg said, terming the about 12 per cent slide in the currency as a temporary phenomenon. The government had earlier this month announced easing of overseas borrowing norms for manufacturing companies, removal of restrictions on foreign portfolio investors (FPI) investment in corporate bonds and tax benefits on Masala bonds to shore up rupee and check widening of current account deficit.  Courses of action: I. Now, the Centre has prepared a list of non-essential items whose imports can be curbed and also drawn up a separate list of goods whose exports can be boosted with a little policy intervention. II. A group headed by the Commerce Secretary has ‘more or less’ completed its task on finalizing the list. III. The rupee has been battered for over a month now amid sell-offs sweeping emerging markets following a rout in the currencies of Argentina and Turkey. 
A statement is given below in the question followed by three courses of actions numbered I, II and III. On the basis of the information given, you have to assume everything in the statement to be true, and then decide which of the following suggested courses of actions logically follow(s) for pursuing. Statement: Hindustan Unilever and Nestlé plan to selectively increase prices of their products to take into account higher crude oil and petrol costs, the rupee’s depreciation against the dollar and more expensive commodities such as wheat. If crude remains where it is and if the rupee has depreciated, of course, there are headwinds as far as costs are concerned. I. Nestlé India’s logistics providers are looking to renegotiate rates after record-high petrol and diesel prices. Nestlé declined to comment on when and by how much prices would increase.  II. Nestlé commented that HUL had dropped prices in November after the Goods & Services Tax was introduced last year and an increase in prices now would likely not hurt consumers.  III. Petrol prices have crossed Rs 90 a litre in Mumbai on increasing global prices of crude oil, of which India is a net importer, further impacted by the falling rupee. Crude derivatives, which are key inputs for FMCG companies, and petroleum derivatives used in packaging material including bottles and tubes, have also become more expensive.
In the question below, are given a statement followed by three courses of actions numbered I, II and III. On the basis of the information given, you have to assume everything in the statement to be true, and then decide which of the suggested courses of action logically follow(s) for pursuing. Statement: The rupee may slump to a new low this year amid global policy uncertainties while domestic interest rates will remain elevated, raising borrowing costs, according to an ET poll of 20 market participants. Nearly three-fourths of the respondents believe the local unit could touch 69 to the dollar with some even pointing to 70 by December-end. The rupee is one of the worst-performing emerging market currencies this year, having lost about 6.7 per cent to the greenback to close at 68.13 on Monday. Courses of action: I. Indian corporates may borrow less ahead of elections with the likely benchmark rate at 8 per cent or more. Half the poll participants were of the opinion that the benchmark yield will either hover around that level or rise further. II. External factors coupled with domestic macro measures like weak current account deficit or fiscal deficit are likely to impact the rupee. The US Fed seems to be on course to raise rates.  III. Upcoming elections trigger a bit of policy uncertainty. A cocktail of factors including dollar strengthening, foreign fund outflows, general emerging market weakness and oil would continue to weigh on the rupee.
In the question below, are given a statement followed by three courses of actions numbered I, II and III. On the basis of the information given, you have to assume everything in the statement to be true, and then decide which of the suggested courses of action logically follow(s) for pursuing. Statement: India’s pharmaceutical sector is now popping out from a shell and making a remarkable recovery. Actually, it has been facing several regulatory challenges in the forms of a recast of foreign direct investment (FDI) policy, pricing policy in the US generics market, patent protection, regulatory approvals and compulsory licensing. Also limited new product launches in the generics space, GST introduction and higher costs associated with regulatory compliance have hurt the sector. Courses of action: I. The government has been engrossed more in policy making and taking resilient decisions for the concerns of the pharma industry. Recently, the government proposed to introduce a new price index for pharmaceutical products, which would serve as a benchmark for determining prices of all medicines sold in the country. II. Meanwhile, pharma companies’ constant investments in R&D have enabled them to develop a basket of robust products for markets across the world. In international markets, pricing pressure on generics sold in the US has eased and this is likely to support the sector. III. Domestic pharma sales grew to Rs. 10,583 crore in May 2018 from Rs. 9,549 crore in the same month last year. The recent clearance by the US Food and Drug Administration to Sun Pharma’s manufacturing plant at Halol in Gujarat brings to an end a two-year import ban it had imposed on the company over quality issues. This is likely to increase sales for the company.
In the question below, are given a statement followed by three courses of actions numbered I, II and III. On the basis of the information given, you have to assume everything in the statement to be true, and then decide which of the suggested courses of action logically follow(s) for pursuing. Statement: India may become the second largest smartphone selling country in the world if the sales continue to grow at the current pace, said Raghu Reddy, head of category and online sales of Xiaomi India. Smartphone sales in 2017 grew around 10% in the country in 2017. "India could overtake the US market and become the second largest smartphone market globally after China at this rate of growth’,’ Reddy said adding that currently the growth is happening in the Rs. 10,000 to 20,000 price range.  Courses of action: I. Xiaomi, is currently the largest selling smartphone in the country with a growth of over 300% in 2017. It currently has a market share of over 30% including online and offline sales.  II. The company has ramped up its production facilities in the recent times in the country and now has six production facilities spread over Andhra Pradesh, Tamil Nadu and Uttar Pradesh.  III. Now the printed circuit board assembly (PCBA) used in smartphone, which accounts for 50% of the value of the phone, will be made in India
The question given below consists of a statement, followed by three arguments I, II and III. You have to decide which of the arguments is/are ‘strong’ arguments is/are ‘weak’ arguments and accordingly choose your answer from the alternatives given below each question. Statement: White goods makers say the government’s decision to increase customs duty on air-conditioners, refrigerators and washing machines will expand manufacturing operations in the country and manufacturers will now get ready to locally produce the premium products and compressors. Which of the following arguments weaken the possibility of the manufactures producing premium products locally? Arguments: I. The increase in basic customs duty will bring back the emphasis on Make in India vision and at the same time drive momentum for locally manufactured goods and develop new capacities in India.  II. Retailers too feel the demand for premium appliances should not be impacted during the up-coming festive since the stock is already in the market. III. The hike in import duties will lead to a significant rise in the AC prices in the forthcoming summer season of 2019 since India still largely imports components like the compressor. 
In the question below, are given a statement followed by three courses of actions numbered I, II and III. On the basis of the information given, you have to assume everything in the statement to be true, and then decide which of the suggested courses of action logically follow(s) for pursuing. Statement: Soon you would not need to carry original copies of all vehicle papers like driving licence, vehicle registration certificate, insurance, pollution certificate or the permits issued to commercial vehicles with you. According to a ToI report, the Centre plans to amend Motor Vehicles Rules to make it legal for any citizen to carry digital vehicle documents and simultaneously making it compulsory for traffic police to accept digital version of documents. This means that you would not have to carry physical papers in your vehicle as digital copies of the certificates would be valid.  Courses of action: I. The ministry has proposed installation of FASTags on the front windscreens. FASTag is a device that uses radio frequency identification (RFID) technology for making toll payments directly from the user account.  II. To avail the facility, one has to store all the vehicle documents on the government's cloud-based service DigiLocker and when asked he/she can simply display the stored certificates on a smartphone or any other digital devices. These digital copies can be shared with other departments as identity and address proof.  III. The government has increased the maximum load carrying capacity of heavy vehicles, including trucks, by 20-25 per cent besides scrapping the mandatory annual renewal of fitness certificates for freight carriers. Fitness certificates for trucks would now be renewed in every two years not annually.  Which of the following course/courses of action can be said to be said to be a rudimentary course/courses of action?
In the question below, are given a statement followed by three courses of actions numbered I, II and III. On the basis of the information given, you have to assume everything in the statement to be true, and then decide which of the following suggested courses of actions logically follow(s) for pursuing. Statement: Chinese smartphone major Xiaomi on Wednesday opened its first company-owned brick-and-mortar Mi Home store in India taking its retail foreign direct investment (FDI) plans to the next stage after started selling directly to consumers from its own app and e-commerce site, mi.com.  Courses of action: I. Xiaomi had started direct selling to consumers in India becoming the first major electronics brand to do so through the single brand retail FDI route and moved a step closer to replicate its Chinese sales model of cutting down layers of distribution.  II. Xiaomi took advantage of the liberalized single brand retail norms which the government enacted earlier this year allowing companies to open such stores and directly sell to consumers under the automatic route and also offered relaxation in sourcing norms.  III. Xiaomi will set up multiple company-owned stores in the country which will be both flagship outlets showcasing the entire range of global products which may not have been launched in India as yet as well as smaller ones. 
In the question below, are given a statement followed by three courses of actions numbered I, II and III. On the basis of the information given, you have to assume everything in the statement to be true, and then decide which of the suggested course of action logically follow (s) for pursuing. Statement: Reliance Jio Infocomm, the most recent entrant in India’s telecom service sector, may be more adversely affected by the Supreme Court order curbing the use of Aadhaar than older rivals Vodafone Idea and Bharti Airtel. The apex court order disallowing telcos from using the faster Aadhaar-based verification system could slow the pace of subscriber additions significantly, potentially delaying the company’s plan to acquire a 50% revenue market share. The Mukesh Ambani-owned telco has been adding many more subscribers every month than its rivals.  Courses of action: I. Jio’s gross customer additions could decline in the coming months as the verification process will henceforth be a more cumbersome affair, which could also be a turn-off for potential new users who’ve been lately used to instant connectivity under the Aadhaar-based enrolment mechanism.  II. Customer verification expenses will increase in step with the volume of customer acquisition of telcos and so, stronger the monthly user additions, higher the associated verification costs.  III. The more tedious verification process henceforth is also likely to slow down the processing of porting requests from customers.
In the question below, are given a statement followed by three courses of actions numbered I, II and III. On the basis of the information given, you have to assume everything in the statement to be true, and then decide which of the suggested course of action logically follow (s) for pursuing. Statement: Commerce and industry minister Suresh Prabhu will next week review sector-specific strategies to increase India’s exports 20% this year amid an uncertain global trade environment and credit availability. The ministry has identified nine sectors, including gems & jewellery, leather, textiles, agriculture and pharmaceuticals, to drive India’s exports to $400 billion in the next five years. These sectors accounted for $242 billion or 80% of the country’s total exports of $302 billion in 2017-18. Courses of action: I. The minister will review the action plans on October 1. This is in continuation of the series of meetings that he has had with export promotion councils and secretaries of line ministries concerned. II. Besides export promotion councils, the minister will separately meet officials of other departments concerned.  III. Exporters have raised concerns over the slack flow of credit to exporters, high goods and services tax on gold and strict pollution norms for chemicals, besides currency fluctuations, citing these factors as hindrances to export growth. Prabhu recently wrote to finance minister Arun Jaitley, requesting his intervention to improve bank credit flow to the export sector.