Questions

Vardhamana Mahavira, also known as Mahavira, was the twenty-fourth tirthankara who revived Jainism.

Both Mahavira and Gauthama Buddha are contemporary to each other as they propound their religions Jainism and Buddhism in India.

The transformation of Hydrogen atoms into Helium atoms with an emission of vast amount of energy is called nuclear fusion which is the source of energy for the Sun.

The Citizenship Act, 1955, prescribes three ways of losing citizenship whether acquired under the Act or prior to it under the Constitution, viz. renunciation, termination and deprivation:

1. By Renunciation: Any citizen of India of full age and capacity can make adeclaration renouncing his Indian citizenship.

2. By Termination: When an Indian citizen voluntarily (consciously, knowingly and without duress, undue influence or compulsion) acquires the citizenship of another country.

3. By Deprivation:It is a compulsory termination of Indian citizenship by the Central government, if:

●the citizen has obtained the citizenship by fraud:●the citizen has shown disloyalty to the Constitution of India:

●the citizen has unlawfully traded or communicated with the enemy during a war;

●the citizen has, within five years after registration or naturalisation, been imprisoned in any country for two years; and

●the citizen has been ordinarily resident out of India for seven years continuously

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?