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Consider the following statements.<br>1. One way the government can induce a monopolist to expand his output is by imposing a price ceiling that make the monopolist lower his price.<br>2. MC = MR = AC = AR shows the equilibrium position of the competitive firm.<br>3. One way the government can induce a monopolist to expand his output by imposing a price floor that makes the monopolist raise his price.<br>4. One way the government can induce a monopolist to expand his output by imposing a specific tax on the monopolist output.<br>Which of the statement(s) given above is/are correct?
A
Both 1 and 2
B
Both 3 and 4
C
Only 2
D
1, 2 and 3
Correct Answer:
Only 2
Consider the following statements
1. One way for the government to induce a monopolist to expand his output is by imposing a price ceiling that makes the monopolist lower his price.
2. MC = MR = AC = AR shows the equilibrium position of the competitive firm.
3. One way for the government to induce a monopolist is to make the monopolist raise his price.
4. One way for the government to induce a monopolist is to expand his output by imposing a specific tax on the monopolist output.
A
1 and 2
B
3 and 4
C
Only 2
D
1, 2 and 3
A question and two statements numbered I and II are given below it. You have to decide whether the data provided in the statements are sufficient to answer the question. A six storey building consisting of an unoccupied ground floor and above ground floor is floor no. 1, so on and topmost floor is no. 5. Different people lives in building viz. I, J, K, l and M. Who lives on the third floor? I. K lives on an even numbered floor. I lives immediately above L. J lives immediately above I. M does not live on the topmost floor. II. L lives on an odd numbered floor. I and J are immediate neighbours of each other. Similarly, K and M are immediate neighbours of each other. K does not live on an odd numbered floor.
A
The data in Statement I alone are sufficient to answer the question, while the data in Statement II alone are not sufficient to answer the question.
B
The data in Statement II alone are sufficient to answer the question, while the data in Statement I alone are not sufficient to answer the question.
C
The data either in Statement I alone or in Statement II alone are sufficient to answer the question.
D
The data in both the Statements I and II are not sufficient to answer the question.
Which of the following components are true about tax planning?
1. Tax planning is the process of analyzing a financial plan or a situation from a tax perspective.
2. The objective of tax planning is to make sure there is tax efficiency. With the help of tax planning, one can ensure that all elements of a financial plan can function together with maximum tax-efficiency.
3. Reducing tax liability and increasing the ability to make contributions towards retirement plans are critical for success.
4. Tax planning comprises various considerations such as size, the timing of income, timing of purchases, and planning are concerned with other kinds of expenditures.
5. The chosen investments and the various retirement plans should go hand-in-hand with the tax filing status as well as the deductions in order to create the best possible outcome.
A
1, 2 and 3
B
2, 3 and 4
C
3, 4 and 5
D
All of the above
Seven people A, B, C, D, E, F and G live on separate floors of a 7-floor building. Ground floor is numbered 1, first floor is numbered. 2 and so on until the topmost floor is numbered 7. Each one of these having a different cars-Cadillac, Ambassador, Fiat, Maruti, Mercedes, Bedford and Fargo but not necessarily in the same order. Only three people live above the floor on which A lives. Only one person lives between A and the one having a car Cadillac. F lives immediately below the one having a car Bedford. The one having a car Bedford lives on an even-numbered floor. Only three people live between the ones having a car Cadillac and Maruti. E lives immediately above C. E is not having a car Maruti. Only two people live between B and the one having a car Fargo. The one having a car Fargo lives below the floor on which B lives. The one having a car Fiat does not live immediately above D or immediately below B. D does not live immediately above or immediately below A. G does not have a car Ambassador. Question : How many people live between the floors on which D and the one having a car Bedford ?
A
One
B
Two
C
Three
D
Four
Read the following information carefully and answer the questions that follow: Seven persons Tina, Vini, Yasir, Rishi, Sanya, Pankaj and Urmila live on the separate floors of a 7- floor building. Ground floor is number one; second floor is number two and so on. Each of them goes to a city viz. Paris, Istanbul, Shanghai, Durban, London, Madrid and Dubai but not necessarily in the same order. Only three people live above the floor on which Sanya lives. Only one person lives between Sanya and the one who goes to Paris. Vini lives just below the person who goes to Madrid. Only three people live between the one who goes to Paris and London. The person who goes to Madrid lives on an even numbered floor. Urmila lives just above Rishi. Urmila does not go to London. Only two persons live between Pankaj and the one who goes to Durban. Pankaj lives above the person who goes to Durban. Yasir does not go to Istanbul. Tina does not live just above or just below Sanya. The one who goes to Shanghai does not live just above or just below Pankaj. Who among the following lives on floornumber 7?
A
Tina\
B
Yasir
C
Pankaj
D
Urmila
Consider the given statements as true and decide which of the given conclusions can definitely be drawn from the given statements. Statements : People think that paying tax to the government is a burden and waste. Hence, they avoid paying tax or don't pay tax promptly. Conclusions : 1. Government should create awareness among the people that paying tax helps to build nation. 2. Tax should be increased so that more money is collected.
A
Neither 1 nor 2 follows
B
Only conclusion 2 follows
C
Both 1 & 2 follows
D
Only conclusion 1 follows
Consider the following statements.
1. A profit maximising monopolist in different markets will adjust his sales in the two markets, so that his MR in each market just equals his MC.
2. A profit maximising monopolist in separate markets will not adjust his sales.
3. A profit maximising monopolist in separate markets will adjust his sales in the two markets, so that his MR in each market will greater than MC.
4. A profit maximising firm in separate markets will adjust his sales in each market so, that his MR is less than MC.
Which of the statement(s) given above is/are correct?
A
Both 1 and 4
B
Only 1
C
Only 4
D
Both 1 and 2
In the following question, two statements are given each followed by two conclusions I and II. You have to consider the statements to be true even ifthey seem to be at variance from commonly known facts. You have to decide which of the given conclusions, if any, follows from the given statements. Statement: (I) In the GST Model in India, it would be dual tax (GST) with the center and states simultaneously levying tax on a common base tax.
(II) The central and state GST would be levied on every transaction of supply of goods and services simultaneously. Conclusions:
(I) This new tax regime would benefit common man of country.
(II) There would be more clarity on state and central component.
A
Only conclusion II follows
B
Conclusion I and II both follow
C
Neither I nor II follow
D
Only conclusion I follows
One way the government can induce a monopolist to expand his output is by imposing
A
A price floor that makes the monopolist raise his price
B
A price ceiling that makes the monopo list lower his price
C
A specific tax on the monopolist's output
D
A heavy tax on the monopolist's profits
The sumof the pre-tax costs of items A ans item B is Tk. 300. In dhaka, each item would be charged a flat 7% tax. In Rangpur item A is subject to 5% tax and item b is subject to 10% tax. If the tax in Rangpur on the purchase of both items is exactly Tk 3 more than it is in Dhaka, than what is the pre - tax price of item A?
A
120
B
209
C
300
D
320