Bissoy.com
Doctors Medicines MCQs Q&A

  1. State of business
  2. The expectation of future price change
  3. Income of the consumer
  4. Distribution of income
4 views

1 Answers

Option 4 : Distribution of income

  • Distribution of income is one of the factors determining demand.
  • Distribution of income affects consumption pattern and hence the demand for various goods.
  • If the government attempts redistribution of income to make it equitable, the demand for luxuries will decline and demand nor necessities of life will also increase.
4 views

Related Questions

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: The government is working on a plan to set up a waterway freight corridor to connect the mainland with the northeastern states via Bangladesh at a cost of Rs 5,000 crore. The move would substantially reduce the time taken to transport goods to the eight northeastern states and costs.  Which of the following support the idea that the time of transportation will be reduced between the eight northeastern states Arguments: I.The proposed 900-km waterway would be used to transport freight from the northern and eastern states to the northeast and would start near Haldia in West Bengal, go to the Sundarbans, merge into the Padma river in Bangladesh and then join up with the Brahmaputra in Assam.  II. Currently, highway connectivity to the northeastern states is patchy and transportation of goods by road entails a high cost and takes time. According to the ministry’s estimate, the waterway could help reduce the cost of transportation by about 70%.  III. The government is already developing a waterway along the Ganga river between Haldia and Allahabad (1,620 km) at a cost of Rs 4,500 crore. This link will also be utilised for trade between India and Bangladesh.?
1 Answers 6 Views
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. ?
1 Answers 5 Views
In making decisions about important questions, it is desirable to be able to distinguish between strong and weak arguments. Strong arguments are those, which are both important and directly related to the question. Weak arguments are those, which are of minor importance and also may not be directly related to the question or may be related to a trivial aspect of the question. The questions below are followed by two arguments each numbered I and II. You have to decide which of the two arguments is the strong argument and which is the weak argument. Statement: Should alcohol be banned in India Arguments: Yes. Drinking alcohol is not ethically right. No. Banning alcohol would only lead to illegal consumption and raise the prices of the commodity without actually affecting its consumption.?
1 Answers 5 Views