Questions

Dipsomania is one word substitute for Irresistible craving for alcoholic drinks.

In keeping with Prime Minister Narendra Modi's vision of a 'New India', Google India and the Ministry of Electronics and Information Technology (MEITY) announced a set of initiatives aimed at empowering citizens and creating abundant oppurtunities for all.

Seawater or salt water is water from a sea or ocean.

On average, seawater in the world's oceans has a salinity of approximately 3.5% or 35 parts per thousand. This means that for every 1 litre (1000 mL) of seawater there are 35 grams of salts dissolved in it.

Hence, The average salinity of seawater is 3.5%.

The cerebellum is a small part of the brain positioned at the back of the head, where it meets the spine, which acts as the body's movement and balance control centre.

It's a lot smaller than the cerebrum at only 1/8 of its size. But it's a very important part of the brain.

Nominal money relates more to it's measure of counting - so nominal figure of what is written on bill, while "real" relates more to it's purchasing power (usually between some periods of time). For instance 100 units in nominal could buy 2 units of good in 1950 and 1 unit of good in 2005, at the same time real value of this 100 nominal units are 100 real units in 1950 and 50 real units in 2005.

Same is with GDP. In nominal it can rise due to inflation while it can stay the same or even decrease in real value.

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.