Questions

Income easticity of demand measures the responsiveness of demand for any goods to changes in income. With increase in incomes generally the demand for farm products like rice wheat etc, will not change drastically. With income increase, demand for luxuries such as consumer durables etc will increase. The income elasticity  of demand for farm products is thus low.

• Two Indian companies, Tata SteelBSE and Wipro have been named in the list of world’s most ethical companies by American think tank Ethisphere Institute.

• Ethisphere honors those companies who recognize their role in society to influence and drive positive change in the business community and organizations around the world.

• In 2017, 124 honorees were spanning five continents, 19 countries, and 52 industry sectors.

• Wipro is one of the two information technology companies named in the list, the other being Xerox Corporation.

Kelvin is used to measure Temperature,

Candela is used to measure Intensity of flame,

Steredian is used to measure Solid Angle.

In 1975, a party called khmer Rouge had taken control of Cambodia under the leader ship of Pol Pot. The Government of Pol pot established a regime of terror in Cambodia and started following a policy of genocide against its own people.

I. gives, Rate = 5% p.a.

II. gives, S.I. for 1 year = Rs. 600.

III. gives, sum = 10 x (S.I. for 2 years).

Now I, and II give the sum.

For this sum, C.I. and hence amount can be obtained.

Thus, III is redundant.

Again, II gives S.I. for 2 years = Rs. (600 x 2) = Rs. 1200.

Now, from III, Sum = Rs. (10 x 1200) = Rs . 12000.

Thus, Rate =

100 x 1200

= 5% p.a.

2 x 12000

Thus, C.I. for 2 years and therefore, amount can be obtained.

Thus, I is redundant.

Hence, I or III redundant.