CUET (UG) entrance exam Question Bank Solutions

Read the case study and answer the questions 97 to 100:

The Coca-Cola Company is an American multinational beverage company, with its headquarters in Atlanta, Georgia. The first company that conducted its operation in the soft drink industry was Coca-Cola. It is the world's largest non-alcoholic beverage company serving more than 1.8 billion consumers daily in more than 200 countries. It has a portfolio of more than 3,500 (more than 800 no or low-calorie) products. However, the company is best known for its flagship product Coca-Cola which was originally intended to be a patented medicine invented in 1886 by pharmacist John Smith Pemberton in Columbus, Georgia. The Coca-Cola products can be termed as normal goods and in August 2019 Coca-Cola introduced a new product into the market, that is, zero sugar where the demand has increased for the product in the market.

According to the council of the Australian Food Technology Association and Institute of Food Science and Technology, the Australian nonalcoholic beverages industry has been growing steadily, with a 2.3 percent increase in overall production in the year 2000 which amounts to 2.25 billion liters. However, in the re~ent years, sales of customary carbonated soft drinks have dropped as more and more customers become health conscious and move away from high-calorie sugary drinks. Soft Carbonated drinks. and other alcohol-free beverage manufacturers have also sensed the effects of intensifying competition from private-label soft drink makers. Nevertheless, sales of greater value energy and sports drinks have driven profit generation in the industry.

______ is the want to buy a product backed by purchasing power.

Read the case study and answer the questions 97 to 100:

The Coca-Cola Company is an American multinational beverage company, with its headquarters in Atlanta, Georgia. The first company that conducted its operation in the soft drink industry was Coca-Cola. It is the world's largest non-alcoholic beverage company serving more than 1.8 billion consumers daily in more than 200 countries. It has a portfolio of more than 3,500 (more than 800 no or low-calorie) products. However, the company is best known for its flagship product Coca-Cola which was originally intended to be a patented medicine invented in 1886 by pharmacist John Smith Pemberton in Columbus, Georgia. The Coca-Cola products can be termed as normal goods and in August 2019 Coca-Cola introduced a new product into the market, that is, zero sugar where the demand has increased for the product in the market.

According to the council of the Australian Food Technology Association and Institute of Food Science and Technology, the Australian nonalcoholic beverages industry has been growing steadily, with a 2.3 percent increase in overall production in the year 2000 which amounts to 2.25 billion liters. However, in the re~ent years, sales of customary carbonated soft drinks have dropped as more and more customers become health conscious and move away from high-calorie sugary drinks. Soft Carbonated drinks. and other alcohol-free beverage manufacturers have also sensed the effects of intensifying competition from private-label soft drink makers. Nevertheless, sales of greater value energy and sports drinks have driven profit generation in the industry.

What has happened to the demand of zero sugar carbonated drinks?

In an open economy, Aggregate Demand is estimated as:

Demand deposits include:

Identify the correctly matched pair of the items in Column A to that of Column B.

Which of the following statement is true?

Which of the following statements is true?

Due to installation of a machine with latest technology, the cost of production has decreased. It will lead to:

Assertion (A): Demand deposits are not legal tenders.

Reason (R): They are with the bank, so only can be used as a legal tender when cheques are issued for the transfer.

Identify the correct matched pair from Column A to Column B and choose the correct alternative:

Payment for import of goods is recorded in the ______ side of the Current account of the Balance of Payments.

Which of the following will be excluded when one calculating National Income through the Value Added Method?

______ states that, other things being equal, quantity supplied increases with increase in price and decrease with decrease in price of a commodity.

Read the following statements carefully and choose the correct alternatives given below:

Statement 1: Current account records exports and imports of visible and invisible items only.

Statement 2: The balance of the current account is the difference between the sum of credit items and the sum of debit items on the current account.

What concept are all domestic variants?

When calculating the national Income which of the following will not be considered?

Identify the correctly matched pair from column A to that of Column B:

Which of the following statements is true?

Assertion (A): Import of machinery is reflected in the current account of the balance of payments.

Reason (R): Export and import of goods and Invisibles are recorded in the current account of the balance of payments.

Product differentiation is a distinguishing feature of which form of the market?