1. Which mode of dissolution of firm is described in section 44 of Partnership Act?





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MCQ-> Read the data given below and answer the questions based on it. There were 3 sections namely A, B, and C in a test. Out of three sections, 33 students passed in Section A. 34 students passed in Section B and 32 passed in Section C. 10 students passed in Section A and Section B. 9 passed in Section B and Section C, 8 passed in Section A and Section C. The number of students who passed each section alone was equal and was 21 for each section.The ratio of the number of students passed in one or more of the sections to the number of students who passed in Section 7 A alone is:
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MCQ->Students from four sections of a class accompanied by respective class teachers planned to go for a field trip. There were nineteen people in all. However, on the scheduled day one of the four teachers and a few students could not join the rest. Given below are some statements about the group of people who ultimately left for the trip. I: Section A had the largest contingent. Il: Section B had fewer students than Section A. Ill: Section C's contingent was smaller than Section B. IV: Section D had the smallest contingent. V: The product of the number of student from each section is a multiple of 10. VI: The number of students from Section C is more than 2. VIl. The product of the number of students from each section is a multiple of 24. VIll. The largest contingent has more than 4 students. IX: Each section contributed different number of students The statements that taken together can give us the exact number of students from each section:....
MCQ->Which mode of dissolution of firm is described in section 44 of Partnership Act?....
MCQ-> Directions for the following four questions: Each question is followed by two statements A and B. Indicate your responses based on data sufficiencyThe average weight of a class of 100 students is 45 kg. The class consists of two sections, I and II, each with 50 students. The average weight, $$W_I$$ , of Section I is smaller than the average weight, $$W_{II}$$ , of Section II. If the heaviest student, say Deepak, of Section II is moved to Section I, and the lightest student, say Poonam, of Section I is moved to Section II, then the average weights of the two sections are switched, i.e., the average weight of Section I becomes $$W_{II}$$ and that of Section II becomes $$W_I$$ . What is the weight of Poonam?A: $$W_{II} - W_I = 1.0 $$B: Moving Deepak from Section II to I (without any move from I to II) makes the average weights of the two sections equal.
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MCQ-> Read the passage given below and answer the following questionsFirms are said to be in perfect competition when the following conditions occur: (1) many firms produce identical products; (2) many buyers are available to buy the product, and many sellers are available to sell the product; (3) sellers and buyers have all relevant information to make rational decisions about the product being bought and sold; and (4) firms can enter and leave the market without any restrictions—in other words, there is free entry and exit into and out of the market.A perfectly competitive firm is known as a price taker, because the pressure of competing firms forces them to accept the prevailing equilibrium price in the market. If a firm in a perfectly competitive market raises the price of its product by so much as a penny, it will lose all of its sales to competitors. When a wheat grower, wants to know what the going price of wheat is, he or she has to go to the computer or listen to the radio to check. The market price is determined solely by supply and demand in the entire market and not the individual farmer. Also, a perfectly competitive firm must be a very small player in the overall market, so that it can increase or decrease output without noticeably affecting the overall quantity supplied and price in the market.A perfectly competitive market is a hypothetical extreme; however, producers in a number of industries do face many competitor firms selling highly similar goods, in which case they must often act as price takers. Agricultural markets are often used as an example. The same crops grown by different farmers are largely interchangeable. According to the United States Department of Agriculture monthly reports, in 2015, U.S. corn farmers received an average price of $6.00 per bushel and wheat farmers received an average price of $6.00 per bushel. A corn farmer who attempted to sell at $7.00 per bushel, or a wheat grower who attempted to sell for $8.00 per bushel, would not have found any buyers. A perfectly competitive firm will not sell below the equilibrium price either. Why should they when they can sell all they want at the higher price?Source: Principles of Economics, Download for free at http://cnx.org/content/col11613/latest.According to the passage, why is a perfectly competitive firm a price taker?
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