This section includes InterviewSolutions, each offering curated multiple-choice questions to sharpen your knowledge and support exam preparation. Choose a topic below to get started.
| 7201. |
You are a trainee in the military training camp where Private Quelch is a fellow trainee. You write a letter to your friend telling him about Private Quelch. Write the letter. |
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Answer» Military Training Camp 19th Sept 2012 Dear Jack, I received your letter just yesterday. I am sure your queries about the camp will be well satisfied once you get to know about my fellow mate Private Quelch. Private Quelch is popularly known as Professor in the camp. Well friend, this man is an epitome of knowledge and is y intelligent. I would say I also had a very good impression about this man at the beginning of the training days. His promptness and knowledge about whatever topic been taught made him the centre of attraction and we named him Professor. A lean lanky stooping man with horn rimmed spectacles, he can recognize the type of an aero plane by its sound. Unfortunately this man could not remain in our good books for long. He has the bad habit of poking his nose in all affairs irrespective of person or place. His over enthusiasm and showy nature made him an irritating creature. Not to be forgotten is the incident of his interference in the class of Corporal Turnbull on hand grenades. He was simply punished by being transferred to cookhouse duties. The man who had come to train himself for the commission landed in the kitchen. But there too his boastful nature of knowing more than anyone did not go away. In fact we were surprised to see his equal enthusiasm in the kitchen detail as he had in any of the training classes. Whatever his negative traits may be he will definitely leave an everlasting impression on all he comes in contact with. More interesting stories about this man when we meet. Yours Timothy |
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| 7202. |
Professor was an epitome of perfection and knowledge but an undesirable human being.Justify the statement with reference to the chapter 'The man who knew too much‘. |
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Answer» The professor had great knowledge of the subjects taught at the training camp. He was very hard working. The training manuals were at his tongue tip. His perfect salute on the pay table was admired by all, his arm sway was perfect. His enthusiasm knew no bounds, that, after thirty miles of walk he merrily sang. He was very observant as he could identify the North American Harvard trainer without even taking a glance upwards. He could speak on any subject nonstop with perfection and with great knowledge. Undoubtedly he was well read, but unfortunately he had certain traits which made him an undesirable human being. He also made enemies. He had the most irritating habit of interfering in other‘s affairs and boasting about his knowledge everywhere. He would comment on every situation without fail. This showed his immaturity and foolishness. These actions overshadowed his intelligence and knowledge so much that his fellow mates and instructors remained offended at his behavior and disliked him. Thus Private Quelch nicknamed Professor though was an epitome of knowledge and perfection remained an undesirable human being. |
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| 7203. |
You are Chuck Hooper‘s wife Marcy. You remained overwhelmed at Duke‘s dedications towards the recovery of your husband. Write a letter to your friend describing how Duke has become your saviour. |
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Answer» 2nd Cross New Towers London 10th Nov 2012 Dear Anne, You will be glad to learn that my husband Chuck is able to walk now and has also joined office. It is all because of our pet dog Duke, the Doberman Chuck had brought. I was a little reluctant at the beginning though I agreed to have him later. I had actually sent Duke to a kennel after Chuck‘s accident but brought him back to give Chuck company during his bedridden days after he was released from hospital.Duke appeared to be an epitome of hope and determination. There was some sort of understanding between Duke and Chuck. Duke always stayed with Chuck and helped him whenever needed. It was Duke who helped Chuck make efforts to put his first step. Dukemiraculously managed to re-awaken the dead spirit of Chuck to live and Chuck started walking step by step every day. It was clear that Duke understood his master‘s grief and determined to help him get over the state of helplessness. Whenever Chuck lost his balance, Duke would be by him like a post. Indeed God has sent an angel to my home in disguise of Duke.That my dear husband is not only walking but also working today is nothing but a miracle.Duke‘s loyalty, affection and determination were instrumental in the recovery of his master.Unfortunately when his master is fit today, Duke is no more to enjoy the delight of seeing his master back in his original form. Duke met with a motor accident and breathed his last a few days back. I have posted few of his photographs in my Facebook account for all of you. God give his soul rest and peace. With lots of love Marcy |
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| 7204. |
Write the Summary of Drama The Bishop’s Candlesticks |
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Answer» The plot of the play revolves around a story that brings forth the themes of Religious virtues like love and redemption. The play dramatically depicts how the love and the compassion of the Bishop brought about a change of heart in a convict and turned him into a man of promise for a good life. The Bishop was a kind-hearted man who being a true Christian was also an ardent humanist. He was ready to sacrifice everything to help the needy people. Even after selling all he had for others, he felt sorry that he could do so little whereas the world had so much suffering. He sold his saltcellars and gave the money to Mere Gringoire so that the latter might pay his rent to the bailiff. His sister.Persome was however a worldly woman, neither as self-less as her brother nor so noble. She did not like her brother‘s benevolence. She thought that people took an unfair advantage of his charitable nature. But the Bishop thought that if the people pretended to be in distress and deceived him, then they are the poorer in spirit and not he. His door was never shut and it was open for everybody. One night when the Bishop was about to go to bed, a convict entered the house. At the point of his knife he demanded food from the Bishop. The Bishop was unruffled. He called Persome and asked her to give some supper to the convict. The convict wondered why the Bishop kept his doors and windows open and whether or not he was afraid of thieves and robbers. The Bishop told him that he was not afraid but that he was sorry for them, as they were only poor sufferers. He treated the convict with all love and respect as he regarded him too as a sufferer. He regarded him as a fellowman and a friend. His attitude had some effect on the convict. If we treat a man as a beast, then he becomes a beast. If we treat a beast as a man then it becomes a man. A man is what we think him to be. The convict told the Bishop how he was caught by the police while he stole some food for his ill and starving wife. He was caught and sentenced to ten years in prison. The authorities did not pat any heed to the fact that he had stolen only to feed his ill and starving wife, Jeanette. They regarded him as a born criminal and treated him like a beast for ten years. Then one day he escaped but the society treated him no better. As he was a prisoner, nobody would give him any job. The police hunted him down. He was running away from them starving. So he stole again for food. Thus, society with its wrong attitude, did not give him a chance to lead a good life. Then he entered the house of the Bishop as he was hungry. The kind Bishop was touched and gave him a bed to sleep on. The Bishop went to sleep. Left alone on his bed, the convict could not resist the temptation to steal the silver candlesticks of the Bishop. He took them and went out of the house. As he went out, the door slammed. Persome got up at the sound and found out that the convict had stolen the silver candlesticks and had gone away. Persome reacted violently. She shouted and was very upset. The Bishop was also upset but he blamed himself for exposing the convict to the temptation. The Bishop was sorry to lose the candlesticks as they were given to him by his mother. But like a true Christian, he felt that he was responsible for the convict‘s behaviour. By keeping them before him, he had led him into temptation. The Bishop thought that he used to value the candlesticks very highly. It is a sin to get addicted to wealth. Lastly, the candlesticks might be of some use to the convict and what had happened had happened for the good. But the convict was arrested by the gendarmes along with the candlesticks The sergeant saw the convict moving stealthily and arrested him. They recognized the candlesticks of the Bishop and brought him back to him. But the Bishop told that the accused was his friend and that he himself had given the candlesticks to him. The police sergeant released the convict and went away. The convict was overwhelmed by the love of the Bishop and now hews convinced that the Bishop was kind and loving. He regained his faith that there could be goodness in men. He was sorry that he had stolen the candlesticks. He felt that he was once again a human being and not a beast. The kind Bishop told him of the secret road to Paris and gave him the candlesticks. The candle sticks were a gift from the Bishop‘s mother. They reminded him of her. But when the convict received them as a gift, they become symbols of hope and life. The convict would now believe in the goodness of life and lead a steady life. He asked him to remember that the body of man is the temple of God. The convict was already a changed man and he promised to remember the Bishops‘ last words and he went away. |
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| 7205. |
Write the Summary of the Poem Song Of The Rain |
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Answer» The poet Kahlil Gibran presents some beautiful images of the rain and considers rain as the life-giving force of the earth. The rain drops like dotted silver threads from heaven by Gods. Rain causes flowers to bloom and decorates nature‘s fields and valleys. The rain is beautiful pearls plucked by 'The Daughter of the Dawn‘ from the 'Crown of Ishtar‘. Ishtar is the goddess of fertility, love, war. The hills and the flowers exhibit their joy when it rains. When the rain humbles by pouring down raindrops all the living things are happy on the earth. The clouds and fields are lovers. The rain is a messenger of mercy between them as she quenches the thirst of the fields and reduces the heaviness or swellings of the clouds, curing its ailment. The voice of thunder declares the arrival of the rain and the appearance of the rainbow shows her departure. She originates from the heart of the Sea and soars with the Breeze. But when she sees a field in need it descends and downpours and embraces the flowers and trees in her own million little ways. This describes some parts of the water cycle like rain rises from the sea is carried by the wind. It forms clouds and when clouds become heavy with water, rains fall to the earth, again it reaches the sea, it rises again and is carried to the sky by the wind and the cycle continues. Rain taps softly at the window. People welcome the arrival of the rain. Although, everyone can hear the sound of the rain only sensitive can understand melodies of the rain. When the rain drop touches the earth, it is filled with love. It sighs from the deep sea of love and affection. Its laughter fills the soul with endless colours. The drops of the rain are the tears from the 'endless heaven of memories. Thus the poem ends with the rain being filled with emotion and crying with endless memories that it had experienced. |
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| 7206. |
Describe current government strategy of poverty alleviation. |
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Answer» The current anti-poverty strategy of the government is based broadly on two planks (a) promotion of economic growth (b) targeted anti - poverty programmes. It is also based on many schemes and programmes. Some of them have been mentioned below: (1) promotion of economic growth: (a) India's economic growth gained momentum and since the 1980’s has been one of the fastest in the world. (b) The growth rate jumped from the average of about 3.5% a year in 1970's to 6% during the 1980's and 1990's. (c) The higher growth rates have helped significantly in the reduction of poverty. (d) It is becoming clear that there is a strong link between economic growth and poverty reduction. (e) Economic growth widens opportunities and provides resources to invest in human development. (2) targeted anti - poverty programmes: (i) National Food for work programme (NEWP) - This programme was launched in 2004 in 150 most backward districts of country. The programme is open to all rural poor who are in need of wage employment and desire to do manual unskilled work. (ii) Prime Minister Rozgar Yozana (PMRY) - This scheme was started in 1993. It aims at creating self-employment opportunities for educated unemployed youth in rural areas and small towns. (iii) Rural Employment Generation Programme (REGP) - It was launched in 1995. It aims at creating self-employment opportunities in rural areas and small towns. |
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| 7207. |
Choose of the extracts given below and answer the questions, that follow, in 50-60 words each:Could I survive within meHer symphony and song,To such a deep delight, twould win me, That with music loud and long,I would build that dome in air,That sunny dome! those caves of ice! (i) What does the poet wish about the song?(ii) What can the poet achieve through music and how? |
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Answer» (i) He could revive the song sung by the damsel. (ii) The deep delight of music would enable him to build the sunny dome in air. |
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| 7208. |
Choose the extracts given below and answer the questions, that follow, in 50-60 words each:"only came to tell you that I dreamed about you last night”, she said “you mustleave right away and not come back to Vienna for five years”(i) Who is the speaker? Why did she come there? (ii) What suggestion was given by the speaker to the narrator? |
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Answer» (i) Frau Frieda. She was worried about the narrator when she dreamt about him and came to warn him. (ii) To leave Vienna immediately and shouldn’t come there for next 5 years. |
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| 7209. |
Read the conversation given below and complete the paragraph that follows.Man: Don’t hand me over to the police. Was not born a thief but circumstance forced me to become one. I was left an orphan when I was only four years old. Priest: Will you promise not to steal again?Man: Certainly I will never steal again. The man requested the priest (i)__________. He added that he was not born a thief but circumstances (ii)______________. He further said that(iii)____________only four years old. The priest asked him if (iv)____________. The man promised (v ) __________ |
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Answer» (i) not to hand him over to the police (ii) had forced him to become one (iii) he had been left an orphan when he had been only four years old (iv) he would promise not to steal again (v) That he would not steal again |
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| 7210. |
In the paragraph given below, one word has been omitted in each line. Write the missing word along with the word that comes before and the word that comes after it. Ensure that the word that forms your answer is underlined.(a) Movies a different impact on people.(b) Viewers spend 3 hours the(c) cinema hall, and they come out, (d) their minds often blank. They(e) don't even remember they saw. |
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| 7211. |
Haemophilia is a sex linked recessive disorder of humans. The pedigree chart given below shows the inheritance of Haemophilia in one family. Study the pattern of inheritance and answer the questions given.(a) Give all the possible genotypes of the members 4, 5 and 6 in the pedigree chart.(b) A blood test shows that the individual 14 is a carrier of haemophilia. The member numbered 15 has recently married the member numbered 14. What is the probability that their first child will be a haemophilic male.? Show with the help of Punnett square. |
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Answer» (a) Genotypes of member 4 – XX or XXh Genotypes of member 5 – XhY Genotypes of member 6 – XY (b) The probability of first child to be a haemophilic male is 25%. punnets square + probability. |
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| 7212. |
Haemophilia is a sex linked recessive disorder of humans. The pedigree chart given below shows the inheritance of haemophilia in one family. Study the pattern of inheritance and answer the questions given.(a) Give all the possible genotypes of the members 4, 5 and 6 in the pedigree chart. (b) A blood test shows that the individual 14 is a carrier of haemophilia. The member numbered 15 has recently married the member numbered 14. What is the probability that their first child will be a haemophilic male? |
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Answer» (a) Genotypes of member 4 – XX or XXh Genotypes of member 5 – X hY Genotypes of member 6 – XY (b) The probability of first child to be a haemophilic male is 25%. |
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| 7213. |
What should be the priority of Sophie when she earns money? |
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Answer» Sophie's first priority when she would earn money was to buy a boutique, but friend Jansie said Sophie's that her father seemed to have different plans for her. He expected that Sophie would buy them a decent house to live in. |
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| 7214. |
How did the Governor surprise Evans in the bedroom of the Golden Lion? Describe the clues on the basis of which the Governor could arrest Evans. How was Evans able to have the last laugh. |
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Answer» The Governor realised rather late that McLeery never visited the prison. It was Evans who impersonated McLeery and stayed inside the cell. On the basis of the photocopied sheet the Governor drew some conclusions. The six-figure reference, 313/271 indicated the middle of Chipping Norton. It landed him in the middle of Chipping Norton where the Golden Lion was situated. When Evans unlocked his bedroom he was shocked. The Governor was sitting on the bed. He was handcuffed and made to sit in the prison van which was being driven by Evans’ accomplice with the Scottish accent. The last foolish act of the Governor made him a laughing stock. Evans slipped out of the Governor’s custody due to his negligence. A thorough security check could have frustrated Evans’s plan. Had the vehicle and persons in it been properly identified, Evans would have been back in his cell. Thus Governor was outwitted by a small oversight on his part. |
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| 7215. |
Why did Evans not take off his hat when Jackson ordered him to do so? |
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Answer» Evans said that he wanted to keep his hat on his head because it was lucky for him. It always brought luck to him. But the real reason was that he had cut his hair to impersonate McLeery and he did not want the jail authorities to know that. |
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| 7216. |
Rahul decided to start a desert cooler manufacturing business. He sets the target of earning 20% profit on sales in the first year. He was very much concerned about the future prospects of the business, which were uncertain. For this, he gathered information from the potential market and analyzed that the demand forwall mounted coolers is increasing day by day. He used this information as the base for future planning. On the basis of the gathered information, he called a meeting in the following week to find new methods to achieve the objective.(a) Identify the function of management involved in the above case. (b) Enumerate the next two steps, which have been followed by Rahul that are related to the process of one of the functions of management. |
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Answer» (a) Planning (b) (i) Identifying alternative courses of action. (ii) Evaluating alternative courses of action. |
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| 7217. |
Name the plant source of cocaine. How does it affect the human body? |
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Answer» Plant source of cocaine is Erythroxylum coca. It has a potent stimulating action on central nervous system, producing a sense of euphoria and increased energy. Excessive dosage of cocaine causes hallucinations. |
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| 7218. |
Name the product of fertilisation that forms the kernel of cocount. How does the kernel differ from coconut water? |
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Answer» Endosperm. The coconut water is free-nuclear endosperm whereas kernel is cellular endosperm. |
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| 7219. |
Refrigerants are considered to be a necessity in modern living, but are said to be responsible for ozone holes detected in Antarctica. Justify. |
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Answer» The widely used refrigerants are CFCs or chlorofluorocarbons. CFCs discharged in the lower part of atmosphere move upwards to the stratosphere. Here, the UV rays act on them and release chlorine atoms. These free chlorine atoms react with ozone to release molecular oxygen. Chlorine atoms are not consumed in this reaction and hence, these continuously degrade ozone and have resulted in ozone hole. |
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| 7220. |
Explain the following:(i) The π-complexes are known for transition elements only.(ii) Nickel(II) does not form low spin octahedral complexes.(iii) [Fe(CN)6]4– and [Fe(H2O)6]2+ are of different colours in dilute solutions. |
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Answer» (i) This is because the transition metals have empty d-orbitals into which the electron pairs can be denoted by ligands containing and electrons, e.g., C6H6 , C2H4 etc. (ii) As only one inner d-orbital is available in nickel for bonding in the presence of strong ligand, e.g., CO., CN. (iii) In both the complexes, Fe is in +2 oxide state with d6 configuration. As the ligands CN and H2O possess different crystal field splitting energy (∆O), they absorb different components of visible light for d-d transition. Hence, the transmitted colours are different in dilute solutions. |
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| 7221. |
Define the following terms giving one suitable example for each:(i) Electrophoresis(ii) Micelles(iii) Peptization |
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Answer» (i) The movement of colloidal particles towards oppositely charged electrodes in an electric field is called electrophoresis. (ii) There are some substances such as soap which at low concentration behave as normal electrolytes, but at higher concentration exhibit colloidal behaviour due to the formation of aggregates. The aggregated particles thus formed are known as micelles or associated colloids. (iii) The process of converting a procipitate into colloidal solution by shaking it with dispersion medium in the presence of small amount of electrolyte is called peptization. |
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| 7222. |
Which will form lactone on treatment with Sodium hydroxide (NaOH)? |
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Answer» δ -Bromo acid will form lactone on treatment with NaOH. |
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| 7223. |
Give one influence of each availability of food items, age and cost of food items on meal planning. |
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Answer» i. Collect all ingredients before starting work ii. Dove-tailing activities iii. Arrange things needed near the workstation iv. Plan her work v. Work at right posture vi. Alternate light and heavy work vii. Use labour saving devices |
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| 7224. |
‘Money is a pivotal resource”. Write any four ways of saving this resource while going for shopping. |
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Answer» i. Do bargain ii. Buy only what is needed iii. Survey market iv. Buy from wholesale market/retail shop v. Prefer cash buying, |
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| 7225. |
State with example how cultural factors influence meal planning. |
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Answer» i. Regional preferences ii. Religious beliefs iii. Traditions and customs iv. Myths and superstitions |
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| 7226. |
Give four tips to your friend to save her energy while rearranging her wardrobe. |
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Answer» i. Collect tools before starting work ii. Work at correct height and right posture iii. Arrange things like newspaper etc. near the workplace. iv. Take help from family members v. Use idle time |
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| 7227. |
Convince your friend the importance of soaking cloths before scrubbing. |
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Answer» i. Might not have de starched it. ii. May not have kept naphthalene balls. iii. Not properly dried before storing. iv. Sari may be dirty. v. Box may not be disinfected. vi. Box may not be airtight. |
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| 7228. |
Write names of solutions used to stain plant cell and animal cell white making a slide. |
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Answer» Safranim is used to stain plant cell. Methalene blue is used to stain animal cell. |
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| 7229. |
A person travells 6 Km. in a circular path and reaches back on the starting point. Calculate the displacement. |
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Answer» Displacement is zero because starting point of the journey and ending point of the journey is same. |
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| 7230. |
Out of which of the following shows exchange of gases : (a) Stomata (b) Lenticels (c) Surface of roots (d) All of these |
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Answer» (d) All of these |
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| 7231. |
Female part of a flower : (a) Calyx (b) Corolla (c) Stamen (d) Pistil |
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Answer» Female part of a flower Calyx. |
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| 7232. |
Arrangement of veins in a leaf is called : (a) Venation (b) Vascularisation (c) Stamen (d) Pistil |
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Answer» Arrangement of veins in a leaf is called Venation. |
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| 7233. |
Enumerate the effects of air pollutants on plants, animals and humans. |
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Answer» Effects of Air Pollutants:
2. On Animals and Humans
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| 7234. |
Explain the ways in which evolutionary relationships can be traced. |
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Answer» Evolutionary relationships can be traced in the following ways: |
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| 7235. |
What are the advantages and disadvantages of transpiration? |
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Answer» Advantages of Transpiration: Transpiration is regarded as a boon to the plants for many reasons: 1. It creates suction force and helps in the ascent of sap. 2. It affects the diffusion pressure deficit, thereby indirectly helping diffusion through the cells. 3. It affects the absorption of water and minerals by roots. 4. It helps in evaporating excess amount of water. 5. It plays an indispensable role in the translocation of food from one part of the plant to the other. 6. It affects the diffusion pressure deficit, thereby indirectly helping diffusion through the cells. 7. It affects the absorption of water and minerals by roots. 8. It helps in evaporating excess amount of water. 9. It plays an indispensable role in the translocation of food from one part of the plant to the other. Disadvantages of Transpiration: 1. Transpiration often results in water deficit (capillary water) which causes injury to the plants by desiccation. 2. Rapid transpiration causes mid-day leaf water deficit (temporary wilting). If such condition continues for some time, permanent water deficit (permanent wilting) may develop, which may be fatal to the plants. 3. Many xerophytes have to develop structural modifications to reduce transpiration. These modifications are extra burden on the plants. 4. Excessive rate of transpiration leads to stunted growth of plants. 5. Since approximately 90 percent of absorbed water is lost through transpiration, the energy used in absorption and conduction of water goes waste. |
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| 7236. |
Tabulate the differences between monocot and dicot plants. |
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| 7237. |
Bio-gas is considered to be a boon to the farmers. Give reasons. |
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Answer» Bio-gas is considered to be a boon to the farmers because
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| 7238. |
What is an opportunity cost? |
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Answer» Opportunity cost is the profit lost when one alternative is selected over another. The concept is useful simply as a reminder to examine all reasonable alternatives before making a decision. For example, you have $1,000,000 and choose to invest it in a product line that will generate a return of 5%. If you could have spent the money on a different investment that would have generated a return of 7%, then the 2% difference between the two alternatives is the foregone opportunity cost of this decision. Opportunity cost does not necessarily involve money. It can also refer to alternative uses of time. For example, do you spend 20 hours learning a new skill, or 20 hours reading a book? Examples of Opportunity Cost: The term is commonly applied to the decision to expend funds now, rather than investing the funds until a later date. Examples are:
It is easy to incorrectly include or exclude costs in an opportunity cost analysis. For example, the opportunity cost of attending college does not include room and board, since you would still make this expenditure even if you were not attending college. |
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| 7239. |
Give the meaning of direct tax? |
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Answer» Direct Tax-A tax which is paid by the same person on whom it has been levied is termed as Direct Tax. In case of direct tax, burden can not be shifted on other party e.g. Income Tax. |
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| 7240. |
What is producer equilibrium. |
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Answer» Producer’s equilibrium refers to the situation of profit maximisation or minimisation of costs. Profit = Total Revenue - Total Cost |
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| 7241. |
Giving reasons, state whether the statements are true or false.Income from imputed rent of self- occupied houses is a part of national income. |
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Answer» True: It is an estimated amount of . rent. If rented to any other person, he would receive the amount of rent. |
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| 7242. |
Which one of the following items comes under consumption goods?(a) Durable goods(b) Semi-durable goods(c) Non-durable goods(d) All of these. |
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Answer» (d) All of these. |
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| 7243. |
Giving reasons, state whether statements are true or false.Bread is always a consumer good. |
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Answer» False: It depends on the use of bread. When it is purchased by a household, it is a consumer good. If it is purchased by a restaurant, it is a producer intermediate goods. |
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| 7244. |
Giving reasons, state whether statements are true or false.Television is a capital good. |
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Answer» False: Television is a durable consumption good. |
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| 7245. |
Service of a teacher:(a) Capital goods(b) Consumption goods(c) Intermediate goods(d) Can be Consumption goods and intermediate goods |
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Answer» (d) Can be Consumption goods and intermediate goods |
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| 7246. |
Giving reason explain how the following should be treated in estimation of national income. |
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Answer» (i) Payment of interest by a firm to a bank:- Included – Treated as factor payment by the firm because the firm borrows money for carrying out production and therefore included in National Income. (ii) Payment of interest by a bank to an individual:- Included- treated as a factor payment because bank borrows for carrying out banking services and therefore included in NI. (iii) Payment of interest by an individual to a bank:- Not Included- because the individual borrows for consumption and not for production. |
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| 7247. |
Giving reasons, state whether statements are true or false.Services of a teacher is a consumption good. |
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Answer» True: It directly satisfies human wants. |
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| 7248. |
When will the domestic income be greater than the national income? |
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Answer» When the net factor income from abroad is negative. |
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| 7249. |
Giving reason explain how should the following be treated in estimating GDP mp. |
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Answer» (i) Fee to mechanic paid by a firm :- Considered as factor income, so included. (ii) interest paid by an individual on car loan from a bank: Not Included- because the individual borrows for consumption and not for production. (iii) interest on purchasing a car for use by a firm: Treated as factor payment by the firm because the firm borrows money for carrying out production and therefore included in National Income. |
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| 7250. |
Is GDP a true index of economic welfare of the people? Give two reasons in support of your answer. |
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Answer» (i) Composition of goods:- GDP includes all the final goods & services produced in a domestic territory of a country without considering the fact that it is harmful or useful for human beings. Economy produces all sorts of goods like cigarette, tobacco, liquor, harmful chemicals etc. Production of these goods are included in GDP, however its production does not ensure welfare (ii)Increasing Pollution:- GDP does not measure the adverse effects of production on environment. Industries create a lot of pollution, price of which is paid by all the living beings. Example: GDP is increased but it leads to environmental degradation, global warming etc. cost of which is paid in the form of increasing medical bills, laundry bills, expenditure on cooling system, water purifiers etc. |
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