Question
Statement: Pilot shortages plague the industry and
leads to schedule disruption which eventually impacts the flying public. Which of the following steps if taken shall not solve the problem of pilot shortage? I) Companies are now working to launch new and better training schemes that would allow them to source workforce locally instead of relying on international markets. II) The retirement age for Pilots should be reduced to avoid a decrease in their efficiency. III) Career paths should be made open and attractive to all students – regardless of their backgrounds to maintain the health of this global industry.Solution
Explanation: Of course steps such as new training programs as well as opening paths for students of all backgrounds is much needed to improve the quality and quantity of pilots. Option (II) does not follow since if retirement age is reduced there shall be more shortage of pilots since only experienced pilots can fly an airplane even if companies recruit new pilots it shall take time to train them well to fly an airplane well.
If two or more than two goods are used to satisfy the same want, they are called
An inferior good is one for which an increase in income causes a(n)
Which of the following statement is correct with respect to inflation in Indian economy?
In India what is the current base year being used for the calculation of GDP?
Which of the following should be excluded while calculating Gross national Product?
Income effect states that as price of a good falls, demand rises since there is rise in
Which of the following is not a method to calculate GDP?
Which one of the following transactions will be considered as a transfer payment?
The term ‘Gross’ is being used for Gross Domestic Product (GDP) because its computation does NOT exclude which of the following factors?
What is the name given to the difference between value of output and value added?
