Questions

Q:

Consider the following statements about impact of tax :

1. A tax is shifted forward to consumers if the demand is inelastic relative to supply.

2. A tax is shifted backward to producers if the supply is relatively more inelastic than demand.

Which of the statements given above is/are correct?

 

A) 1 only B) 2 only
C) Both 1 and 2 D) Neither 1 nor 2
 
Answer & Explanation Answer: C) Both 1 and 2

Explanation:

Only if either demand or supply was either completely elastic or inelastic will the tax burden fall entirely on either the buyer or the seller. Between these 2 extremes, tax incidence varies continuously from a perfectly inelastic supply or perfectly elastic demand, where the sellers assumes the entire burden of the tax to the perfectly elastic supply or perfectly inelastic demand where the buyers bear the entire burden. To better see how the elasticity of supply and demand affects tax incidence, consider a 20% tax on a can of soda. Suppose the government decides that the buyer should pay the 20% tax. Does this mean that the buyers will be paying 20% more, or will sellers have to share some of the tax burden? Since higher prices decrease demand, regardless of the reason for the higher prices, sellers will share some of the burden. How much of the burden will be determined by the elasticity of supply and demand for the product?

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Filed Under: Indian Economy
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0 99056
Q:

Read the passage carefully and choose the best answer to each question out of the four alternatives.


Manja, or the glass-coated string used for flying kites, not only poses threat to humans, animals and birds but also to trees. A study by the country's oldest botanical garden has revealed that it poses a great threat to trees. But how can a snapped string struck in a tree kill the tree? Apparently, it does so by allying with the creepers in the garden.


A research paper by three scientists of the Acharya Jagdish Chandra Bose Indian Botanic Garden, located in West Bengal's Howrah district, illustrates in detail how the manja, in collusion with climbers, does the damage. "The abandoned, torn kite strings act as an excellent primary supporting platform for the tender climbers, giving easy passage to reach the top of the trees. Lateral branches from the top of the climber and other accessory branches from the ground reaches the top taking support of the first climber, completely covers the treetop, thus inhibiting the penetration of sunlight," says the research paper.


Abandoned, torn kite strings stuck in trees benefits whom?

 

A) Humans B) Creepers
C) Birds D) Trees
 
Answer & Explanation Answer: B) Creepers

Explanation:
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Filed Under: English
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0 99037
Q:

Rearrange the parts of the sentence in correct order.

Today India looks

P : to be on course

Q : of developed nations

R : to join the league

A) PRQ B) QRP
C) RPQ D) PQR
 
Answer & Explanation Answer: A) PRQ

Explanation:
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0 99005
Q:

Rearrange the parts of the sentence in correct order

The last issue

P-can bend policy by virtue of its control over its users
Q-how a powerful monopoly
R-we need to examine is

 

A) QRP B) QPR
C) PRQ D) RQP
 
Answer & Explanation Answer: D) RQP

Explanation:
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Filed Under: English
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0 99000
Q:

Rearrange the parts of the sentence in correct order

 

The loss of these

P-­young, and often
Q­-make us ponder
R-­bright, people must

 

A) PRQ B) PQR
C) QPR D) RPQ
 
Answer & Explanation Answer: A) PRQ

Explanation:
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0 98997
Q:

Rearrange the parts of the sentence in correct order.

 

P: Taking this as a small example, we need to set-up an action plan on a war-footing.
Q: Our country had earlier faced the problem with our neighbours backed defense hackers jamming our troop movement communication system giving false commands and creating a situation of uncertainty.
R: But our planning and implementation gap has always been unpardonably long.
S: The National Security Council is already in touch with server ministries like home, defense, communication, oil and natural gas, etc. to draw up plans.

A) QPSR B) PQRS
C) SPRQ D) QPRS
 
Answer & Explanation Answer: A) QPSR

Explanation:
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0 98966
Q:

Rearrange the parts of the sentence in correct order.

 

For ages,

P : the Indian psyche has been

Q : geared towards devoting one’s life

R : to the welfare of all

 

A) PQR B) RPQ
C) QPR D) PRQ
 
Answer & Explanation Answer: A) PQR

Explanation:
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0 98959
Q:

Who was/were the 10th century composer(s) of the Nalayira Divya Prabandham?

 

A) Alvars B) Nayanars
C) Appar D) Sambandar
 
Answer & Explanation Answer: A) Alvars

Explanation:

The Nalayira Divya Prabandham is a collection of 4,000 Tamil verses composed by the 12 Alvars and was compiled in its present form by Nathamunigal during the 9th -10th centuries. These were sung by the Alwars indevotional estacy in varrious shirineas of Vishnu, made famous as Magalashasana sthalas.

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Filed Under: Indian History
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18 98925