Former India off-spinner who retired from competitive cricket on November 10, 2015? ?->(Show Answer!)

1. Former India off-spinner who retired from competitive cricket on November 10, 2015?

Answer: Ramesh Powar.

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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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MCQ-> Our Glory of Cricket’ club intends to give its membership to a selected few players based on the following criteria The player must be above 16 years and not more than 24 years of age as on 1.2.99. He must pay Rs. 15,000 as entrance fee and Rs. 1,000 as monthly fee throughout his membership period. In case, he pay Rs. 25,000 as additional entrance fee the monthly payment condition is waived. In addition to this he should satisfy at least one of the following conditions : (I) He has won any one inter-college cricket tournament by leading his college team and has scored at least one century in college level tournaments. (II) He has scored at least one century and two fifties in interuniversity of inter state tournaments. (III) He has led his cricket team at college level at least thrice and has taken 10 or more wickets either by bowling or while wicket-keeping or has made aggregate 1000 runs in college level matches. (IV) He has represented his state in national level matches at least thrice with a remarkable bowling or batting or wicket keeping record. (V) He has six centuries at his credit in college level matches and is a spin or medium fast bowler having taken at least one wicket per match in college level matches. Based on the above conditions and the data given in each of the following cases you have to take decision. You are not supposed to assume anything. All the facts are given as on 1.2.99.Ameya started his cricket career exactly 5 years ago by celebrating his 18th birthday by scoring a century. He is ready to pay Rs. 40,000/- at entry level. He scored three fifties representing his state as captain. He is an excellent leg spinner.
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MCQ->Statement: Retired persons should not be appointed for executive posts in other organisations. Assumptions: Retired persons may lack the zeal and commitment to carry out executive's work. Retired persons do not take interest in the work and welfare of the new organisation.

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