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Direction: Mark the option which is most suitable:
Assertion : A tax on imports makes the market for imported goods lucrative in terms of earning higher profits.
Reason : Taxes are imposed to ensure smooth trade between nations and higher tax revenues for the governments of the countries.
- a)If Both assertion and reason are true, and reason is the correct explanation of assertion.
- b)If Both assertion and reason are true, but reason is not the correct explanation of assertion.
- c)If Assertion is true, but reason is false.
- d)If Both assertion and reason are false.
Correct answer is option 'D'. Can you explain this answer?
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Verified Answer
Direction: Mark the option which is most suitable:Assertion : A tax o...
Taxes increase the price of imported goods, and so the demand for imports is likely to go down. As a result, the profits of producers who sell imported goods are also likely to reduce. Governments impose taxes to regulate the amount and quality of goods that enter a nation and to protect domestic industry from foreign competition.
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Direction: Mark the option which is most suitable:Assertion : A tax o...
Assertion: A tax on imports makes the market for imported goods lucrative in terms of earning higher profits.
Reason: Taxes are imposed to ensure smooth trade between nations and higher tax revenues for the governments of the countries.
Explanation:
In this scenario, the assertion states that imposing a tax on imports makes the market for imported goods lucrative in terms of earning higher profits. The reason provided is that taxes are imposed to ensure smooth trade between nations and higher tax revenues for the governments of the countries.
Reasoning behind the correct answer (Option D):
The correct answer is option D, which states that both the assertion and the reason are false.
Explanation:
1. The assertion is false because a tax on imports does not necessarily make the market for imported goods more lucrative in terms of earning higher profits. In fact, a tax on imports can make the imported goods more expensive for consumers, reducing their demand and potentially leading to lower profits for importers.
2. The reason is also false because taxes are not imposed solely to ensure smooth trade between nations and higher tax revenues for the governments of the countries. Taxes can be imposed for various reasons, such as protecting domestic industries, reducing the trade deficit, or addressing environmental concerns.
Conclusion:
In conclusion, both the assertion and the reason provided are false. A tax on imports may not necessarily make the market for imported goods more lucrative, and taxes are not solely imposed to ensure smooth trade and higher tax revenues for governments.
Reason: Taxes are imposed to ensure smooth trade between nations and higher tax revenues for the governments of the countries.
Explanation:
In this scenario, the assertion states that imposing a tax on imports makes the market for imported goods lucrative in terms of earning higher profits. The reason provided is that taxes are imposed to ensure smooth trade between nations and higher tax revenues for the governments of the countries.
Reasoning behind the correct answer (Option D):
The correct answer is option D, which states that both the assertion and the reason are false.
Explanation:
1. The assertion is false because a tax on imports does not necessarily make the market for imported goods more lucrative in terms of earning higher profits. In fact, a tax on imports can make the imported goods more expensive for consumers, reducing their demand and potentially leading to lower profits for importers.
2. The reason is also false because taxes are not imposed solely to ensure smooth trade between nations and higher tax revenues for the governments of the countries. Taxes can be imposed for various reasons, such as protecting domestic industries, reducing the trade deficit, or addressing environmental concerns.
Conclusion:
In conclusion, both the assertion and the reason provided are false. A tax on imports may not necessarily make the market for imported goods more lucrative, and taxes are not solely imposed to ensure smooth trade and higher tax revenues for governments.
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Direction: Mark the option which is most suitable:Assertion : A tax on imports makes the market for imported goods lucrative in terms of earning higher profits.Reason : Taxes are imposed to ensure smooth trade between nations and higher tax revenues for the governments of the countries.a)If Both assertion and reason are true, and reason is the correct explanation of assertion.b)If Both assertion and reason are true, but reason is not the correct explanation of assertion.c)If Assertion is true, but reason is false.d)If Both assertion and reason are false.Correct answer is option 'D'. Can you explain this answer?
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Direction: Mark the option which is most suitable:Assertion : A tax on imports makes the market for imported goods lucrative in terms of earning higher profits.Reason : Taxes are imposed to ensure smooth trade between nations and higher tax revenues for the governments of the countries.a)If Both assertion and reason are true, and reason is the correct explanation of assertion.b)If Both assertion and reason are true, but reason is not the correct explanation of assertion.c)If Assertion is true, but reason is false.d)If Both assertion and reason are false.Correct answer is option 'D'. Can you explain this answer? for Class 10 2024 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about Direction: Mark the option which is most suitable:Assertion : A tax on imports makes the market for imported goods lucrative in terms of earning higher profits.Reason : Taxes are imposed to ensure smooth trade between nations and higher tax revenues for the governments of the countries.a)If Both assertion and reason are true, and reason is the correct explanation of assertion.b)If Both assertion and reason are true, but reason is not the correct explanation of assertion.c)If Assertion is true, but reason is false.d)If Both assertion and reason are false.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Class 10 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Direction: Mark the option which is most suitable:Assertion : A tax on imports makes the market for imported goods lucrative in terms of earning higher profits.Reason : Taxes are imposed to ensure smooth trade between nations and higher tax revenues for the governments of the countries.a)If Both assertion and reason are true, and reason is the correct explanation of assertion.b)If Both assertion and reason are true, but reason is not the correct explanation of assertion.c)If Assertion is true, but reason is false.d)If Both assertion and reason are false.Correct answer is option 'D'. Can you explain this answer?.
Direction: Mark the option which is most suitable:Assertion : A tax on imports makes the market for imported goods lucrative in terms of earning higher profits.Reason : Taxes are imposed to ensure smooth trade between nations and higher tax revenues for the governments of the countries.a)If Both assertion and reason are true, and reason is the correct explanation of assertion.b)If Both assertion and reason are true, but reason is not the correct explanation of assertion.c)If Assertion is true, but reason is false.d)If Both assertion and reason are false.Correct answer is option 'D'. Can you explain this answer? for Class 10 2024 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about Direction: Mark the option which is most suitable:Assertion : A tax on imports makes the market for imported goods lucrative in terms of earning higher profits.Reason : Taxes are imposed to ensure smooth trade between nations and higher tax revenues for the governments of the countries.a)If Both assertion and reason are true, and reason is the correct explanation of assertion.b)If Both assertion and reason are true, but reason is not the correct explanation of assertion.c)If Assertion is true, but reason is false.d)If Both assertion and reason are false.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Class 10 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Direction: Mark the option which is most suitable:Assertion : A tax on imports makes the market for imported goods lucrative in terms of earning higher profits.Reason : Taxes are imposed to ensure smooth trade between nations and higher tax revenues for the governments of the countries.a)If Both assertion and reason are true, and reason is the correct explanation of assertion.b)If Both assertion and reason are true, but reason is not the correct explanation of assertion.c)If Assertion is true, but reason is false.d)If Both assertion and reason are false.Correct answer is option 'D'. Can you explain this answer?.
Solutions for Direction: Mark the option which is most suitable:Assertion : A tax on imports makes the market for imported goods lucrative in terms of earning higher profits.Reason : Taxes are imposed to ensure smooth trade between nations and higher tax revenues for the governments of the countries.a)If Both assertion and reason are true, and reason is the correct explanation of assertion.b)If Both assertion and reason are true, but reason is not the correct explanation of assertion.c)If Assertion is true, but reason is false.d)If Both assertion and reason are false.Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for Class 10.
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ample number of questions to practice Direction: Mark the option which is most suitable:Assertion : A tax on imports makes the market for imported goods lucrative in terms of earning higher profits.Reason : Taxes are imposed to ensure smooth trade between nations and higher tax revenues for the governments of the countries.a)If Both assertion and reason are true, and reason is the correct explanation of assertion.b)If Both assertion and reason are true, but reason is not the correct explanation of assertion.c)If Assertion is true, but reason is false.d)If Both assertion and reason are false.Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice Class 10 tests.
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