Related InterviewSolutions

• Micro Economics is otherwise known as “price theory”. Do you agree with this statement? Justify your answer.
• Who is known as the father of modern Macro Economics?(a) Adam Smith (b) Alfred Marshall (c) J.M.Keynes (d) J.B.Say
• Some Economic Variables are given below. Classify them in a table based on two branches of Economics.Give suitable titles to the column. General price level, Aggregate consumption,Rent for a house in a city, Demand for fish in a local market.
• Them in a table based on two branches of Economics. Give suitable titles to the column. General price level, Aggregate consumption,Rent for a house in a city, Demand for fish in a local market.
• Read the following statements carefully.Statement I: M/s. Sathyam Computers Ltd. decided to introduce a wage cut of 10% for the labourers in the company in November, 2008.Statement  II: Reserve Bank of India introduced a new credit policy for the economy in the month of October, 2008.In which Branc of Economics do you include the statement and why?
• Identify the curve given below. What does the points A, B, C represents?
• Central problems faced by an economy can be solved through different ways by different economic systems.(a) Which are the important economic systems? (b) How each system solves the central problems?
• Classify the following statements into two branches of Economics.(a) Reliance Communications reduced the STD charges by 20% from November onwards.(b) The Government proposed to reduce unemployment by introducing IT-related industries.(c) RBI hiked the cash reserve ratio.(d) Maruti Udyog decided to increase the production of the brand Estilo.
• How each of the following affects the Production Possibility Curve of an Economy?(a) The number of employed workers increase. (b) Tsunami destroys some production facilities. (c) Introduction of capital intensive technique. (d) Increase in fuel price.
• Which among the following is not a characteristics of a Capitalist Economy?(a) Wages and prices are administered by the government. (b) Private ownership of means of production.(c) Production takes place for exchange (d) Sale and purchase of labour services at a price is called wage rate.