Questions

In the light of competition, it may be seen that competitors may initiate price changes. If the cutting off on prices does not affect the company, then the current pricing strategy itself can be continued to maintain the profitability of the company. However if the price change on one firm is affecting the other, then it can:

a.reduce the product price at par with competitors’ price or below competitors’ price

or

b. Provide added advantage to the existing product like better quality, or ‘a buy one get one free’ offer.

or

c.Provide better quality of the product at a higher price thereby not being at par with the competitors.

NASA announced a Seven new system of Exoplanets, which are Earth-size, and could potentially hold life.These exoplanets are located outside of our solar system and orbit a star. NASA has named the system of planets after the ‘Transiting Planets and Planetesimals Small Telescope,’ which is located in Chile. This telescope first discovered three of the planets in this system in May 2016. Unlike Earth, which rotates on its axis, the planets are “tidally locked to the star.” This means that one side of the planet has only day, and one side has only night. It also means the weather conditions are unlike what we experience on Earth.

Helium has the lowest freezing point of all the elements. When coming to metals, mercury has the lowest freezing point of all the metals.

The Buddh International Circuit, an Indian motor racing circuit, is located in Greater Noida.

The Reserve Bank of India has imposed a penalty of Rs 5 crore on Karur Vysya Bank for non-compliance of its directives on Income Recognition and Asset Classification (IRAC).