- Becomes nil
- Remains the same
- Falls
- Rises
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What is considered as the basic consuming or demanding unit of a commodity?
Answer: Option 4 Let'
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Directions : In each of the following questions a statement is given, followed by three conclusions. Give answer : Statement : These apples are too cheap to be good. Assumptions : I. When the apple crop is abundant, the prices go down. II. The lower the selling price, the inferior is the quality of the commodity. III. Very cheap apples are also good.?
Answer: Option 3 It is mentioned that the apples are so cheap that they cannot be good. This means that the prices of good apples are never too low and...
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Identify the coefficient of price-elasticity of demand when the percentage increase in the quantity of a commodity demanded is smaller than the percentage fall in its price?
Answer: Option 3 The coefficient of price-elasticity of demand is smaller than one when the percentage increase in the quantity of a commodity demanded is smaller than the percentage fall...
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When supply of a commodity increases without change in price, it is called?
Answer: Option 4 When supply of a commodity increases without change in price, it is called rise in supply.
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In the income section, how many degrees (approx.) Should there be in central angle of the sector representing income tax?
Answer: Option 2 There should be 120 degrees in central angle of the sector representing income tax.
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Naveen is addressing his income needs by investing directly in corporate bonds. In what form will he receive this income?
Answer: Option 3 Naveen is addressing his income needs by investing directly in corporate bonds. By Interest payments for he will receive this income.
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Directions : In each of the following questions a statement is given, followed by two conclusions. Give answer : Statement : Equality of income throughout a community is the essential condition for maximizing the total utility which the total income available could confer on the members of that community. Assumptions : I. If extra income were taken from the rich and given to the poor, the total utility experienced by the community would increase. II. Equal pay for equal work.?
Answer: Option 1 The total utility can be maximised by equality of income throughout the community, i.e., by giving extra income from the rich to the poor. So, I is...
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Directions : Following question consists of a statement followed by three arguments I, II and III . You have to decide which of the arguments is a STRONG arguments and which is a WEAK Argument. Statement : Should the income generated out of agricultural activities be taxed Arguments : I. No. Farmers are otherwise suffering from natural calamities and low yield coupled with low procurement price and their income should not be taxed. II. Yes. Majority of the population is dependent on agriculture and hence their income should be taxed to augment the resources. III. Yes. Many big farmers earn much more than the majority of the service earners and they should be taxed to remove the disparity.?
Answer: Option 3 Clearly, if the income of farmers is not adequate, they cannot be brought under the net of taxation as per rules governing the Income Tax Act. So,...
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Which of the following attribute in the preamble states that No one should treat a fellow ciizen as inferior?
Answer: Option 4 Preamble of India consists of attributes of Justice, Liberty, Equality and Fraternity. Fraternity under constitution assures dignity of individual and integrity of Nation. According to this, we...
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The amount of oxygen consumed by the aerobic bacterias which cause the aerobic biological decomposition of sewage, is known?
Answer: Option 2 Let'
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