Cell phone users have found that tariff plans are not as attractive as promoted by telecom companies and complained to regulatory authority about the same. Courses of action: I. The regulatory authority should direct telecom companies to be trasparent on the tariff structure of all plans II. The government should restrict the number of telecom companies operating in the country.

Cell phone users have found that tariff plans are not as attractive as promoted by telecom companies and complained to regulatory authority about the same. Courses of action: I. The regulatory authority should direct telecom companies to be trasparent on the tariff structure of all plans II. The government should restrict the number of telecom companies operating in the country. Correct Answer If only course of action I follows

Being " not as attractive as promoted " is a clear case of  hiding things. Hence " transparency " is the answer to the problem and I folloes. II goes against the spirit of free market and is not relevant to the problem either.

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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.
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