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Doctors Medicines MCQs Q&A

Match the items of List - II with List - I to identify the correct code which are related to legal forces affecting international marketers. List - I List - II (a) Tariff (i) A regulation specifying the proportion of a finished product’s components and labour that must be provided by importing country. (b) Import Quota (ii) Tax imposed on product entering a country and used to protect domestic producers and/or raise revenue. (c) Local-content Law (iii) A requirement that a product contain or exclude certain ingredients or that it be tested and certified as meeting certain restrictive standards. (d) Local-operating Law (iv) Limiting amount of a particular product that can be brought into a country, to protect domestic industry or broadening access to its markets. (e) Standards and Certification (v) A refusal to buy products from a particular company or  country (f) Boycott (vi) A constraint on how, when or where retailing can be conducted  

Match the items of List - II with List - I to identify the correct code which are related to legal forces affecting international marketers. List - I List - II (a) Tariff (i) A regulation specifying the proportion of a finished product’s components and labour that must be provided by importing country. (b) Import Quota (ii) Tax imposed on product entering a country and used to protect domestic producers and/or raise revenue. (c) Local-content Law (iii) A requirement that a product contain or exclude certain ingredients or that it be tested and certified as meeting certain restrictive standards. (d) Local-operating Law (iv) Limiting amount of a particular product that can be brought into a country, to protect domestic industry or broadening access to its markets. (e) Standards and Certification (v) A refusal to buy products from a particular company or  country (f) Boycott (vi) A constraint on how, when or where retailing can be conducted   Correct Answer (a) - (ii), (b) - (iv), (c) - (i), (d) - (vi), (e) - (iii), (f) - (v)

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Quantitative restrictions are important means of restricting imports and exports. Which of the following is a type of Import Quota? I. Unilateral quota II. Income quota III. Mixing quota IV. Tariff quota
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 following question, the 1st and the last part of the sentence/ passage are numbered 1 and 6. The rest of the sentence/passage is split into four parts and named P, Q, R and S. These four parts are not given in their proper order. Read the sentence/passage and find out which of the four combinations is correct. 1. The Goods and Services Tax (GST) is imposed on the supply of products and/or services within the country. P. This can be achieved by charging uniform tax rates and eliminating economic barriers. Q. The objective of GST is to drive India towards becoming an integrated economy. R. These include Service Tax, Purchase Tax, Central Excise Duty, Value Added Tax, Entry Tax, Luxury Tax, Local Body Taxes, etc. S. It subsumes multiple indirect taxes that are imposed by the State Governments or the Central Government 6. Thus, it will make the country a common national market
Rita, Sarita, Shyam, Raj, Raman and Rahul are six different persons who are going to buy different mobiles – Nokia, Vivo, Oppo, Iphone, Jio and Xioami in different months – January to June (but not necessarily in the same order). Raj will buy Jio mobile but not in February. Sarita will neither buy Vivo mobile nor Nokia. One of the people will buy Oppo in March. Sarita will buy mobile just immediate after Raj. Rahul will buy mobile immediate before Raj. Rahul will neither buy Vivo, Oppo nor Nokia. Shyam will not buy Oppo but will buy mobile immediate after Raman. Raman will neither buy Nokia nor Iphone. Which of the following combination is not correct?
The question given below consists of a statement, followed by three arguments numbered I, II and III. You have to decide which of the arguments is/are ‘strong’ arguments and which is/are ‘weak’ arguments and accordingly choose your answer from the alternatives given below each question. Statement: In the wake of globalization and digitization of the manner in which the business are conducted, the IT/ITES industry holds a significant place in the future business scenario. The Economic Survey 2017-18 mentioned that the IT/ITES services industry in India has scaled to around $140 billion during 2016-17. India today is globally the top outsourcing destination accounting for more than half of the market share. The IT/ITES industry has contributed around 7.7% of the country's GDP and according to IBEF is a key employment generator with a projection of creating 1.3-1.5 lakh new jobs annually. Which among the following arguments support the above statement in the best possible manner? Arguments: I. The Government has also provided considerable inputs to the industry with its various flagship programmes such as Digital India, Smart Cities, e-Governance coupled with a drive towards a cashless economy. II. The Government has been pro-active in considering demands of the industry and providing timely respite from the teething troubles under GST as well.  III. The IT/ITES industry is a labour intensive industry and a large scale employment generator. It is a common practice across the industry to provide various privileges and facilities to their staff in order to boost employee retention rates in their organisation.
Which of the following components are true about tax planning?
1. Tax planning is the process of analyzing a financial plan or a situation from a tax perspective.
2. The objective of tax planning is to make sure there is tax efficiency. With the help of tax planning, one can ensure that all elements of a financial plan can function together with maximum tax-efficiency.
3. Reducing tax liability and increasing the ability to make contributions towards retirement plans are critical for success.
4. Tax planning comprises various considerations such as size, the timing of income, timing of purchases, and planning are concerned with other kinds of expenditures.
5. The chosen investments and the various retirement plans should go hand-in-hand with the tax filing status as well as the deductions in order to create the best possible outcome.
Jio is a big shot at reducing the cost of Internet access in India. The U.S., despite being the richest country in the world, lags far behind in terms of cost and penetration of Internet access. Cheap access to the Internet is an important step in bridging the access gap – access to good education, good healthcare, etc. But the market reaction to Jio is similar to the U.S. markets reaction to firms announcing their intention to diversify. (A)The final group of losers is the current shareholders of RIL. On announcement of Jio, the stock price of RIL fell. (B) It shows that the markets short-term reaction is usually proven correct in the long-run. (C) On losing end, the first groups of losers are the shareholders of other telecom companies. (D)The large amount of revenue the Government of India gets from auctioning off the nations natural resources is not necessarily a good thing because the Government does not have a stellar track record when it comes to spending the money. A large fraction of Government spending is wasted. (E) The second loser is the Government of India. The big money the Indian Government was raking in selling cellular bandwidth was actually coming from the pockets of the cellular consumers. (F)The first obvious winners of this scheme are customers. (G) The second winner is Mr. Ambani; he can potentially make a lasting impact as the man who brought Internet to millions of Indians. Question: Which of the following supports the decision of other companies opposing Reliance JIO Scheme?
Assuming Z and Y are the two control variables, the following are the constraints laid out for maximizing the profit: Maximize profit (P) = 8X – 5Y Subject to Constraint-1: 2X + Y ≤ 1000 Constraint-2: 3X + 4Y ≤ 2400 Constraint-3: X + Y ≤ 800 Constraint-4: X – Y ≤ 350 Constraint-5: X ≥ 0 Constraint-6: Y ≥ 0 Which of the above constraints is a redundant one and does not have any effect on the solution?
Arrange the sentences in the correct order to form a meaningful sequence. 1. Globalisation refers to the integration of markets in the global economy.  P. Developments in ICT, transport and communications have accelerated the pace of globalisation over the past 30 years.  Q. It leads to the increased interconnectedness of national economies. R. The globalisation of sport and entertainment is also a feature of the late 20th and early 21st centuries. S. Markets where globalisation is particularly common include financial markets, such as capital markets, money and credit markets, and insurance markets, commodity markets etc. 6. The internet has enabled fast and 24/7 global communication, and the use of containerisation has enabled vast quantities of goods and commodities to be shipped across the world at extremely low cost.
Each item consists of six sentences of a passage. The first and sixth sentences are given in the beginning as S1 and S6. The middle four sentences in each have been jumbled up and labelled as P, Q, R and S. You are required to find the proper sequence of the four sentences and markyour response accordingly on the Answer Sheet.
S1 :In a globalized world, no country can hope to impose tariffs without affecting its own economic interests.
S6 :The ongoing trade war also threatens the rules-based global trade order which has managed to amicably handle trade disputes between countries for decades.
P :So both the U.S. and China, which have blamed each other for the ongoing trade war, are doing no good to their own economic fortunes by engaging in this tit-for-tat tariff battle.
Q : Apart from disadvantaging its consumers, who will have to pay higher prices for certain goods, tariffs will also disrupt the supply chain of producers who rely on foreign imports.
R : China, which is fighting an economic slowdown, will be equally affected.
S :The minutes of the U.S. Federal Reserve June policy meeting show that economic uncertainty due to the trade war is already affecting private investment in the U.S., with many investors deciding to scale back or delay their investment plans
The correct sequence should be