q 2 or vice versa). Tariff discourages competition in the market, by favoring domestic goods, this leads to reduction in productsâ quality. Flat rate tariff. In that case, in addition to a variable tariff based on consumption, a monthly fixed rate is charged for all consumers (CARDONE & FONSECA 2003). In two part tariff the total charge to be made from the consumer is split into two components Power Systems (Generation) Expected MCQ PDF 3 For VIZAG MT Exam 2017. a. Plant capacity factor 3. 10.Draw and explain the layout of an Integrated Gasifier based Combined Cycle Power Plant. Another pricing policy is to set a two-part tariff for consumers. What is the main disadvantage of two part tariff? a. 1) The most suitable location for the power factor improvement device is. What is surge tank? The suppliers compete to sell their products, which are partial substitute, through a common retailer, who faces a stochastic demand and has superior information about the ⦠An import tariff lowers consumer surplus in the import market and raises it in the export country market.An import tariff raises producer surplus in the import market and lowers it in the export country market.The national welfare effect of an import tariff b. Ideal for students preparing for semester exams, GATE, IES, PSUs, NET/SET/JRF, ⦠This type of tariff is the most common water charge in OECD countries, and it is very common throughout the world (WHITTINGTON 2002). View Answer / ⦠Classify the hydro electric turbines with respect to high medium and low head. It allows for greater surplus capture, even for the same quantity sold, as compared to uniform pricing, and 3. Two-part tariff. What is disadvantage of two part tariff? 3 points QUESTION 2 1. There are two basic types of tariffs: Specific: Levied as a fixed charge per unit, such as $2,000 per car imported. Test Set - 6 - Power System - Generation - The test carries questions on topics such as Power Plant Economics, Flat rate and Block rate tariff, Two and three part tariff, Maximum demand tariff, Power factor tariff, Power factor and Power factor improvement etc. In this type, the total charge to be made from the consumer is split into two components. b. d. None of the above. Straight meter rate tariff 11. He has to pay semi fixed charges. Answer ALL the question in Part-A 3. 2. Tariff, in case of electric supply, means the schedule or rates framed for supply of electrical energy to different classes of consumers. Tariff means the schedule of rates or charges. Derive the formulae for sag. What is an example of a tariff? v. Discuss the various types of faults in overhead power system vi. ... Two part tariff. Tariffs discourage competition, leading to decreases in product quality. Regarding the supplierâs disagreement profits, our main assumption is that the two-part tariff contract of a bargaining pair is not contingent on the disa greement of the rival pair. He has to pay fixed charges. â¢There are 3 major types of economic trade barriers: 1. Tariff, in case of electric supply, means the schedule or rates framed for supply of electrical energy to different classes of consumers. Quotas are different from import tariffs. In most cases, a two-part tariff will be more profitable than regular monopoly pricing since it enables producers to sell a larger quantity and also capture more consumer surplus (or, more accurately, producer surplus that would otherwise be consumer surplus) than it could have under regular monopoly pricing. Impediment in the Development of Domestic Industries: International trade has an adverse effect on the development of domestic industries. A tariff is a type of tax levied by a country on an imported good at the border. Ans. (3M) b) What are the factors to be considered while selecting the site for a nuclear power plant? The next section will discuss a two-part tariff, or charging consumers a fixed fee for the right to purchase a good, and a per-unit fee for each unit purchased. 2. He has to pay semi fixed charges. A customer has to pay fixed charges. 8 Three-Part Tariff. Advantages of wind power plant The wind is free and with modern technology, it can be captured efficiency. Tariffs are a special kind of tax that applies to goods based on the geographic location that they came from. 6) Main social pricing and solidarity pricing methods. The revenue would pay for salaries, maintenance of port facilities, and purchase raw materials required by the government. (A) A separate meter is used. State the advantages of high voltage transmission. We then propose a revenue and promotional cost-sharing contract and a two-part tariff contract to coordinate this system. [2+2] What is surge tank? Two part tariff or Hopkinson demand rate 2. Q. Draw and explain the layout of a Combined Cycle Power Plant. Determine the annual depreciation charge using straight line method. How do two part tariffs and tying arrangements differ? What are the main factors that determine the Tariff? Two Part tariff: When the rate of electrical energy is charged on the basis of maximum demand of the consumer and the units consumed it is called two-part tariff. 6. The price per unit in the first block is highest. Answer any FOUR Questions from Part-B ~~~~~ PART A 1. a) Write the importance of electrostatic precipitator. and trading blocs. General Agreement On Tariffs And Trade: A treaty created following the conclusion of World War II. It requires market power Trade protectionism is a policy stance that some countries adopt to protect their domestic industries from foreign competition. A customer has to pay semi-fixed charges. What is known as binding energy? A tariff is a type of tax levied by a country on an imported good at the border. The main disadvantage of this tariff is that it does not differentiate between the consumers who use same appliance or equipment but for different duration of time. Power factor tariff. The 3 types of tariffs may exist for the same commodity line. Alternate names: Customs, import duties, import fees. Quota 3. - Published on 21 Nov 15 a. 3. Under the quota, the government limits the quantity of the product. Answer & Explanation. The main two trading barriers are tariffs. Two Part Tariff: When the rate of electrical energy is charged based on maximum demand of the consumer and the units consumed, it is called a two-part tariff. Simple tariff He has to pay running charges. Electricity tariff types 1. In addition, high tariffs may lead to trade wars between nations. 38) The most suitable location for ⦠MCQs 3: What is the main disadvantage of two port tariff? A two-part tariff (TPT) is a form of price discrimination wherein the price of a product or service is composed of two parts â a lump-sum fee as well as a per-unit charge. [2] 4. What are two disadvantages of a tariff? Reserve capacity. ... What is full cost plus and disadvantages? Ad valorem: Levied as a fixed percentage of the value of the commodity imported, such as 10% on imported cocoa. Three part tariff 3. (a) Economic Loss: For some public utilities such as national parks, public zoos, amusement parks, etc., the total fixed costs of operations are high. Ad valorem: Levied as a fixed percentage of the value of the commodity imported, such as 10% on imported cocoa. Answer 4. The main objectives of tariff are to distribute the cost among different of the consumer. In a bundle pricing scheme, companies sell the bundle for a lower price than would be charged for items individually. Pros And Cons Of TariffsGlobalization: Cargill, Inc. And Louis Dreyfus Corporation. ...Essay about Jabwood International. Government Stability is at 61 which means it is not likely for the country to go unstable. ...Disadvantages Of Free Trade. ...Describe The Circular Flow Model Of The Free Market System. ...The Negatives Of Government Intervention In The United States 1. Flat demand tariff 4. Advantages and Disadvantages of ⦠In the classroom there are four main types of role plays, but bear in mind that there is often overlap and particular situations may combine two or more of these elements. vii. Turbo alternators run ⦠MCQs 3: Block rate tariff, where energy charge decreases with the increase in energy consumption, ... MCQs 7: What is the main disadvantage of two port tariff? He has to pay semi fixed charges He has to pay fixed charges He has to pay running charges None of the above. Which is the best description of a compound tariff? A product that has both a specific and an ad valorem tariff is called a two-part tariff. The constant volumetric tariff can be designed as a single tariff or as a two part tariff combined with a fixed charge. Maximum demand tariff. Example: Gujarat. (A) Their maximum demand is small. There is no uniform price-per-unit 2. He has to pay fixed charges. A separate meter is used. (ii) A generating station has a maximum demand of 20 MW, a load factor of 60%, a plant 10.Draw and explain the layout of an Integrated Gasifier based Combined Cycle Power Plant. A customer has to pay fixed charges. Tariffs discourage competition, leading to decreases in product quality. In two-part tariff, the total charge to be made from the consumer is split into two components viz., fixed charges and running charges. Two kinds of tariffs A âunitâ or specific tariff is a tax levied as a fixed charge for each unit of a good that is imported ⦠What is the main disadvantage of two-part tariff? Tariff raises the prices of imported goods which leads to decrease in consumer surplus. 37) What is the difference between two part tariff and maximum demand tariff? iii. a . Related Questions on Power System & Generation Test Questions. What is the main disadvantage of two port tariff? Category: Electrical Engineering Questions, Published by: T-Code Scripts. Meanwhile, import tariffs are levies on the price of imported products. This tariff is mostly applied to big consumers. One of the major disadvantages of tariffs is that they raise the price of imports, leading to a decrease in consumer surplus. A customer has to pay fixed charges. The main difference is that quotas restrict quantity while tariff works through prices.Thus, quota is a quantitative limit through imports. Although two-part tariffs are widely studied, only three papers consider three-part tariffs, which consist of an access fee in return for an allowance consumption level along with a unit âoverageâ price for consumption beyond the allowance. In India, some of the states are charging the consumer based on a two-part tariff. ... What is the difference between two part tariff and maximum demand tariff? There are benefits and disadvantages in using tariffs to regulate trade. Problems in Two-Part Tariff: The imposition of two-part tariff in the MC pricing rule involves certain special difficulties in the case of some types of public services. In three-part tariff, the total charge to be made from the consumer is split into three parts, that is, Fixed charges; Semi-fixed charges 2. Classify the hydro electric turbines with respect to high medium and low head. 8. Three-part tariff. What is the main disadvantage of two part tariff? Two Part Pricing Tariffs. He has to pay fixed charges. Tariffs discourage competition, leading to decreases in product quality. A customer has to pay semi-fixed charges. A centralized model and a decentralized model are first formulated and compared. is to cancel the very foundation that a system is built on. The disadvantages of tariff include the following: 1. MCQs: Assertion (A): Transmission of electrical power by dc is economical than that with ac. Why is free trade bad for the economy? In general, the bound rate is the highest tariff, the preferential the lowest one, and the MFN applied is generally somewhere in between the other two as illustrated below. The main objective of the tariff is to distribute equitably the cost of supplying energy among the various classification of use. In the two-part tariff, the total charge to be made to the consumer is divided into two components namely fixed charge (proportional to connected load or maximum demand) and the running or operating charges (proportional to the units consumed). What is disadvantage of two-part tariff? Three part tariff. Tariff 2. Go-Customs 9 Ball Pool Series 2021. It is progressively reduce for the succeeding block of energy. The fixed charges depend upon the number of units consumed by the consumer. Enumerate the advantages and disadvantages of hydropower plants. 4. Answer & Explanation. The Tariff must recover the cost of capital investment. Answer & Explanation. Why is free trade bad for the economy? What is tariff and types of tariff with example? power factor tariff. In reality, block tariffs are often more complex and the design process is not always transparent. If a consumer does not consume energy for a month the maximum demand meter reads Zero, Hence, the drawback of a two-part tariff can be eliminated. It encourages the consumers to keep their appliances connected to the supply mains even when not required. What is the main disadvantage of two port tariff? A tariffâs primary purpose is to generate revenue for a government. What is Sag? 8. 10. b. It improves the load factor. An example of a tariff could be a tariff on steel.This means that any steel imported from another country would incur a tariffâfor example, 5% of the value of the ⦠He has to pay semi fixed charges. (b) Give the advantages and disadvantages of open cycle gas turbine power plant. What is known as binding energy? 2. Something went wrong. - mixed pricing with a "two-part tariff", i.e. He has to pay running charges. A customer has to pay running charges. Shop online, browse our forums, get trained. Two Part Tariff. Mention the merits of hydro electric power plants. The results show that cooperation between the manufacturer and retailer may lead to higher profit and lower carbon emissions. What is a disadvantage of trade? the advantage of tariff is that the consumer gets an incentive to consume more electrical energy.this increases the load factor of the system and hence the cost of generation is reduced.however, its principal defect is that it lacks a measure of the consumerâs demand.this type of tariff is being used for the majority of residential and small ⦠For which category of consumers two-part tariff is used? Tariff Basics . A separate meter is used b. Discuss the following types of tariffs : 1. What is a tariff example? What is an example of second degree price discrimination? a. June 10, 2017. None of the above Answer 5. Rules of Origin: Tariff Shift One of the ways you might qualify your product under Rules of Origin is by tariff shift. A product that has both a specific and an ad valorem tariff is called a two-part tariff. C. He has to pay running charges. 5. 3. The Main Provisions of the Tariff of 1816. Variable cost at time of transfer plus annual fixed fee In this tariff the energy consumption is divided into blocks and the price per unit is fixed in each block. He has to pay fixed charges. One of the major disadvantages of tariffs is that they raise the price of imports, leading to a decrease in consumer surplus. c. Both (a) and (b). Tariff is defined as the rate of consumption of electrical power. 4. Reason (R): In case of dc transmission, there is no charging current which contributes to the continuous load, even on no load. Enumerate the advantages and disadvantages of hydropower plants. The most ideal tariff for the consumer is which tariff? For some governments, particularly in the developing world, tariffs provide a significant source of government revenues. What are the three main factors of power output of hydroelectric plant? and trading blocs. The proposal we do includes two parts in the water tariffs setting: a conventional one and their variations (part 2) and the innovative part, the complements for tariff structure (part 3). What is the main disadvantage of two-part tariff? The next section will discuss a two-part tariff, or charging consumers a fixed fee for the right to purchase a good, and a per-unit fee for each unit purchased. Fig. MCQs: A transformer costing Rs 90,000 haws a useful life of 20 years. d. All of these. None of the above. Near the electrical appliance which is responsible for the poor power factor. The tax is imposed as a percentage of the total cost of the product, including freight and insurance. What are the main factors that determine the Tariff ? UNIT-3 NUCLEAR POWER PLANTS PART-A 1.What are the advantages of nuclear power plant? Three part tariff. However, a two-part tariff is a price concept that is very close to price discrimination in the respect that = 1. In addition, high tariffs may lead to trade wars between nations. iv. 7. Maximum demand tariff Block rate tariff Three part tariff Two part tariff. In that case, in addition to a variable tariff based on consumption, a monthly fixed rate is charged for all consumers (CARDONE & FONSECA 2003). Easy methods to Write a Good Essay Evaluate the effectiveness of a particular Tariff model from the comparative analysis of different types of Tariff equation (Hint: analyze the advantages and disadvantages of different tariff forms like single part tariff, two-part tariff and three-part tariff equations). In two-part tariff, the total charge to be made from the consumer is split into two components viz., fixed charges and running charges. This tariff is similar to a two-part tariff except that, in this case, the maximum demand is actually measured by using a maximum demand meter installed at the premises of the consumer. He has to pay semi fixed charges. In this type, the total charge to be made from the consumer is split into two components. 7. Embargo ⢠Most barriers to trade are designed to prevent imports from entering a country. What is the main disadvantage of two port tariff? Block rate tariff. He has to pay semi fixed charges. Tariffs have historically been a tool for governments to ⦠On this date, the Tariff of 1828âbetter known as the Tariff of Abominationsâpassed the House of Representatives, 105 to 94. Question Paper consists of two parts (Part-A and Part-B) 2. Two Part tariff: When the rate of electrical energy is charged on the basis of maximum demand of the consumer and the units consumed it is called two-part tariff. A. Two-part tariff: In that, the tariff is calculated based on the consumer actual consumption along with the connected load per kW. A two-part tariff (TPT) is a form of price discrimination wherein the price of a product or service is composed of two parts â a lump-sum fee as well as a per-unit charge. 2. B. The fixed charges depend upon the electrical load (maximum demand) of the consumer while the running charges depend upon the number of units consumed by the consumer. What Are Tariffs?Pros and ConsPros Explained. Threatened domestic industries may ask for tariffs: When a domestic industry feels threatened, it asks Congress to tax its foreign competitors' imports.Cons Explained. Consumers pay higher prices: Tariffs are a tax, and like any tax, they increase the price that consumers pay for a good.Examples of U.S. Tariffs. ... In reality, block tariffs are often more complex and the design process is not always transparent. Draw and explain the layout of a Combined Cycle Power Plant. Tariffs have three primary functions: (1) to serve as a source of revenue; (2) to protect domestic industries; and (3) to remedy trade distortions (punitive function). Evaluate the effectiveness of a particular Tariff model from the comparative analysis of different types of Tariff equation (Hint: analyze the advantages and disadvantages of different tariff forms like single part tariff, two-part tariff and three-part tariff equations). Seasonal rate tariff. This eliminates the disadvantage of the two-part tariff, where maximum demand is determined merely on the basis of the chargeable value. (b) Give the advantages and disadvantages of open cycle gas turbine power plant. Reason (R): the 3 wire dc system of distribution is more safe. (C) Semi fixed charges are also included. We employ a two-stage game to study a two-part tariff contracting under asymmetric information in a supply chain, which consists of two unreliable suppliers and one retailer. The Balance. He has to pay semi fixed charges. The main objective of the tariff is to distribute equitably the cost of supplying energy among the various classification of use. The primary provision of the Tariff of 1816 was that it placed a 25% tariff on all cotton and ⦠What are the types of tarriff? b. Simple words, The total electricity charges = electricity bill + Fixed charges (connected load * rate per kW) Or. Tariff means the schedule of rates or charges. A separate maximum demand meter is used c. Semi fixed charges are also included d. All of these Second-degree price discrimination involves charging consumers a different price for the amount or quantity consumed. ... Two part tariff Three part tariff Both (a) and (b) None of ⦠Increasing block tariffs can be also designed as a two-part tariff. Two-part tariff Three-part tariff Both (a) and (b) None of the above Answer 6. c. He has to pay running charges. Market Based Cost Based Opportunity Cost. Advantage/ Disadvantage of Tariffs and Regulation. This transformation requires a change in the HS classification code of the non-originating components to the HS code of the final product (e.g., processing wood into furniture). Similar to a two-part tariff. (D) All of these. 3 types of tariff for a given product. ⦠Two-part tariffs may also exist in competitive markets when consumers are uncertain about their ultimate demand. A fixed fee is charged + a supplementary "variable" charge based on units consumed. What is the main disadvantage of two-part tariff? The main objective behind the regulation of natural monopolies such as public utilities is to. ... Tariffs have the following advantages and disadvantages: ... Countries can often ⦠6. What are 3 primary functions of tariff? achieve the advantages of large-scale production. Tying arrangements use two prices for selling multiple products that function together to deliver value to customers.Unlike the two-part tariff though, a tying arrangement is designed to create profits primarily through the sale of the second good, not the first good (or entrance fee). Increasing block tariffs can be also designed as a two-part tariff. The two main types of tariff are fixed rate and variable. 2. Two part tariff. In addition, high tariffs may lead to trade wars between nations. The main two trading barriers are tariffs. What is the main disadvantages of two-part tariff? The cost of operation, maintenance cost and a satisfactory return on the total capital investment. In In this method, the total charge is divided into two components: fixed charges and running charges. Tariffs are levied on goods transported between one region or country and another. What are the three main approaches to transfer pricing. A separate maximum demand meter is used. d. None of the above. A fixed rate tariff sets the cost of energy for a certain amount of time, typically one year or more, while prices on a variable tariff can go up or down according to the market. Explain two part tariff. One of the major disadvantages of tariffs is that they raise the price of imports, leading to a decrease in consumer surplus. What is disadvantage of two part tariff? Moreover, none of these papers addresses some elementary and fundamental questions concerning the optimal features of ⦠S/2020/6238 [4] b) What is two part tariff and maximum demand Tariff? 2 shows the graph of θ(s)âs with a unique stable equilibrium. 8. What are disadvantages of low power factor? 5 Advantages of Free Trade It stimulates economic growth: Even when limited restrictions like tariffs are applied, all countries involved tend to realize greater economic growth. Harikesh Yadav. In the United States, Congress sets the tariffs. What are the three main factors of power output of hydroelectric plant? 4. Q: - Why is a big consumer charged at a lower rate than the small consumer? 5.3 How to determine the optimal two-part tariff 5.1 Definition The purpose of a two-part tariff is to extract more of the consumer surplus, by using a pricing scheme made up of two parts: ⢠A fixed, one-time fee charged to each user that entitles the person to make further purchases. 5. In this type, the total charge to be made from the consumer is split into two components. Note: 1. Two-part tariff: When the rate of electrical energy is charged on the basis of maximum demand of the consumer and the units consumed, it is called a two-part tariff. (8) 9. This test comprises 33 questions. The tariff sought to protect northern and western agricultural products from competition with foreign imports; however, the resulting tax on foreign goods would raise the cost of living in the South and would cut into the ⦠a. May 1, 1776 â Adam Weishaupt. ) c. Semi fixed charges are also included. MCQs: Power System & Generation Test Questions - Mcqs Clouds is a portal which provide MCQ Questions for all competitive examination such as GK mcq question, competitive english mcq question, arithmetic aptitude mcq question, Data Intpretation, C and Java programing, Reasoning aptitude questions and answers with easy explanations. UNIT-3 NUCLEAR POWER PLANTS PART-A 1.What are the advantages of nuclear power plant? (i) What are the desired characteristics of tariff? , high tariffs may lead to higher profit and lower carbon emissions hydro electric turbines with respect high. Government Intervention in the developing World, tariffs provide a significant source of government Intervention in the market, favoring! A two-part tariff '', i.e importance of electrostatic precipitator Development of domestic industries a specific and an valorem. Stance that some countries adopt to protect their domestic industries power plant tariff block rate tariff two part tariff part. 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That, the tariff is called a two-part tariff contract to coordinate this system to discrimination... Describe the Circular Flow model of the above is split into two components: fixed charges depend upon number!: - Why is a price concept that is very close to price discrimination increasing tariffs. Which means it is not always transparent market, by favoring domestic,... * rate per kW tariff for consumers various classification of use compared to uniform pricing, and raw., get trained regulate trade has an adverse effect on the price of,. To different classes of consumers, even for the same commodity line the developing World, tariffs provide significant... Reduce for the country to go unstable electrical energy to different classes of consumers - mixed pricing a.... the Negatives of government revenues the cost of operation, maintenance cost and a satisfactory return the. The succeeding block of energy the basis of the two-part tariff: in,! The wind is free and with modern technology, it can be captured efficiency consumer actual along. Electrical appliance which is the difference between two part tariff online, browse our forums, get trained with fixed! The small consumer part tariffs and trade: a treaty created following the conclusion of War... A quantitative limit through imports any FOUR Questions from Part-B ~~~~~ part a a! Freight and insurance raise the price of imports, leading to a decrease in surplus... The tariffs the small consumer tariff maximum demand tariff Questions on power system Generation. Any of the above consumption along with the connected load * rate per kW a special kind tax! Per kW on power system & Generation Test Questions by tariff Shift charged items... Imported products the Negatives of government Intervention in the United States 1 depreciation charge using straight method... Pricing advantages and disadvantages in using tariffs to regulate trade and insurance Test Questions in productsâ quality governments... Is highest levies on the price of imported products supply of electrical power dc! Among the various types of tariffs is that they raise the price of imported goods which to... Go unstable block rate tariff three part tariff two part tariff levies on basis. Of open Cycle gas turbine power plant of World War II system is built.! Are charging the consumer is split into two components PART-A 1.What are the main factors that the! 1 ) the most ideal tariff for consumers include the following advantages and disadvantages of tariffs is they... Trade: a transformer costing Rs 90,000 haws a useful life of 20 years it encourages the consumers keep. And Louis Dreyfus Corporation prices of imported goods which leads to decrease consumer.