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Byju's Answer

Standard XII

Business Studies

Money Market

Statement: Du...

Question

Statement: Due to substantial reduction in fares by different airline services, large number of passengers so far travelling by upper classes in trains have switched over to airline services.
Courses of Action:
I. The railways should immediately reduce the fare structure of the upper classes substantially to retain its passengers.
II. The railways should reduce the capacity of upper classes in all the trains to avoid loss.

Only I follows

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Only II follows

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Either I or II follows

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Neither I nor II follows

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Both I and II follow

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Solution

The correct option is A Only I follows
Airlines, being convenient and faster means of transport, people would surely prefer it to the railways if there is a marginal difference between the fares. Hence, a considerable gap between the two fares is a must for the railways. So, course I follows. Following course II would reduce the volume of passengers. Hence, II does not follow.

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Similar questions

(I) All domestic airlines increased the fares in all sectors with immediate effect.

(II) Railways increased the fare of all its classes with immediate effect.

Q. The ratio between the number of passengers travelling by

I^{s t}

and

I I^{n d}

class between the two railway stations is

1 : 50

, where as the ratio of

I^{s t}

and

I I^{n d}

class fares between the same stations is

3 : 1

. If on a particular day,

R s . 1325

were collected from the passengers travelling between these stations by these classes, then what was the amount collected from the

I I^{n d}

class passengers?

Q. The ratio between the number of passengers travelling by I and II class between the two railway stations is

1 : 50

, whereas the ratio of I and II class fares between the same stations is

3 : 1

. If on a particular day, Rs.

1325

were collected from the passengers travelling between these stations, then what was the amount collected from the II class passengers?

(I).The price of aircraft fuel has risen during the past few months

(II). Many passengers airlines in India have been forced to cut their air fares by about 10%.

Statement: Two local passenger trains collided while running in opposite directions on the same track as the signaling system failed for the short period.

Courses of action:

I. The services of the motormen of the trains should immediately be terminated.

II. The government should immediately constitute a task force to review the functioning of the signaling system.

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