1868 + Interview Questions in Economics Page 18 InterviewSolution

851.	The current supply of a commodity in the market refers to
Answer» The current supply of a commodity in the market refers to

Discussion

852.	Can planning work in a changing environment? Give a reason to justify your answer.
Answer» Can planning work in a changing environment? Give a reason to justify your answer.

Discussion

853.	What are the steps taken to make farmers shift to smart farming?
Answer» What are the steps taken to make farmers shift to smart farming?

Discussion

854.	Explain any four responsibilities of business towards community.
Answer» Explain any four responsibilities of business towards community.

Discussion

855.	Explain the implications of 'perfect knowledge' about the market under perfect competition.
Answer» Explain the implications of 'perfect knowledge' about the market under perfect competition.

Discussion

856.	Show diagrammatically the conditions for consumer ’s equilibrium, in Hicksian analysis of demand.
Answer» Show diagrammatically the conditions for consumer ’s equilibrium, in Hicksian analysis of demand.

Discussion

857.	Which one of the following measures in the 3R's means to use resources judiciously?
Answer» Which one of the following measures in the 3R's means to use resources judiciously?

Discussion

858.	Which of the following is an assumption of Production Possibility Frontier? (i) Resources are not fully employed. (ii) Resources are not equally efficient for production of the two goods. (iii) Resources are not efficiently employed. (iv) Resources available are not fixed.
Answer» Which of the following is an assumption of Production Possibility Frontier? (i) Resources are not fully employed. (ii) Resources are not equally efficient for production of the two goods. (iii) Resources are not efficiently employed. (iv) Resources available are not fixed.

Discussion

859.	The greenhouse gases, otherwise called as radioactively active gases include
Answer» The greenhouse gases, otherwise called as radioactively active gases include

Discussion

860.	In a first order rxn, on plotting a graph b/w t_{1/2 }and conc. of reac†an t A A curve is obtained B A straight line is obtained having slope 45^° C A Straight line is obtained having slope 60^° D A straight line \parallel to conc. axis
Answer» In a first order rxn, on plotting a graph b/w t_{1/2 }and conc. of reac†an t A A curve is obtained B A straight line is obtained having slope 45^° C A Straight line is obtained having slope 60^° D A straight line \parallel to conc. axis

Discussion

861.	What is the marginal product of an input?
Answer» What is the marginal product of an input?

Discussion

862.	40. Number of ways in which the letters of the word ECONOMICS be arranged so that no two similar letters are together is
Answer» 40. Number of ways in which the letters of the word ECONOMICS be arranged so that no two similar letters are together is

Discussion

863.	Those resources which can be used without the possibility of the resource becoming depleted or exhausted.
Answer» Those resources which can be used without the possibility of the resource becoming depleted or exhausted.

Discussion

864.	Which of the following is incorrect regarding NABARD?
Answer» Which of the following is incorrect regarding NABARD?

Discussion

865.	Explainthrough a diagram the effect of a rightward shift of both the demandand supply curves on equilibrium price and quantity.
Answer» Explain through a diagram the effect of a rightward shift of both the demand and supply curves on equilibrium price and quantity.

Discussion

866.

The table below shows the amount charged in a year based on the number of cars that underwent servicing.No. of servicing done in a year57911Amount charged (in ₹)675094501215014850Select the equation that represents the data above.

Answer»

The table below shows the amount charged in a year based on the number of cars that underwent servicing.

No. of servicing done in a year	5	7	9	11
Amount charged (in ₹)	6750	9450	12150	14850

Select the equation that represents the data above.

Discussion

867.	What is the average product of the first three hours of labour? HoursMP0−1100280360
Answer» What is the average product of the first three hours of labour? $\begin{matrix} H o u r s & M P 0 & - 1 & 100 2 & 80 3 & 60 \end{matrix}$

Discussion

868.	Pankaj takes a loan of Rs. 10000 at 10% per annum compounded annually which is to be repaid in two equal annual instalments: one at the end of the first year and second at the end of the second year. The value of each instalment is:
Answer» Pankaj takes a loan of Rs. 10000 at 10% per annum compounded annually which is to be repaid in two equal annual instalments: one at the end of the first year and second at the end of the second year. The value of each instalment is:

Discussion

869.	Underscore some of the India’s most crucial economic challenges at the time of independence.
Answer» Underscore some of the India’s most crucial economic challenges at the time of independence.

Discussion

870.	According to the law of supply, what will happen to the supply of commodity with an increase in the price of a commodity?
Answer» According to the law of supply, what will happen to the supply of commodity with an increase in the price of a commodity?

Discussion

871.	Mets les verbes au subjonctif:Pour être en pleine forme:1. il faut que tu ....................... (boire) beaucoup d'eau.2. il est nécessaire que tu .................... (faire) du yoga.3. je veux que tu .................... (se promener) tous les soirs.4. je souhaite que tu ...................... (être) content tout le temps.5. il est nécessaire que tu .................... (avoir) beaucoup d'amis.
Answer» Mets les verbes au subjonctif: Pour être en pleine forme: 1. il faut que tu ....................... (boire) beaucoup d'eau. 2. il est nécessaire que tu .................... (faire) du yoga. 3. je veux que tu .................... (se promener) tous les soirs. 4. je souhaite que tu ...................... (être) content tout le temps. 5. il est nécessaire que tu .................... (avoir) beaucoup d'amis.

Discussion

872.	Explain the conditions of equilibrium of a firm based on marginal cost and marginal revenue. Use diagram. Or Explain the meaning of producer's equilibrium. Also explain the conditions of equilibrium of a firm on marginal cost and marginal revenue.
Answer» Explain the conditions of equilibrium of a firm based on marginal cost and marginal revenue. Use diagram. Or Explain the meaning of producer's equilibrium. Also explain the conditions of equilibrium of a firm on marginal cost and marginal revenue.

872.

Explain the conditions of equilibrium of a firm based on marginal cost and marginal revenue. Use diagram. Or Explain the meaning of producer's equilibrium. Also explain the conditions of equilibrium of a firm on marginal cost and marginal revenue.

Answer»

Explain the conditions of equilibrium of a firm based on marginal cost and marginal revenue. Use diagram.

Or

Explain the meaning of producer's equilibrium. Also explain the conditions of equilibrium of a firm on marginal cost and marginal revenue.

Discussion

873.	How are the total revenue of a firm, market price, and the quantity sold by the firm related to each other?
Answer» How are the total revenue of a firm, market price, and the quantity sold by the firm related to each other?

Discussion

874.	What do you understand by the term development? Would all sections of society benefit from such a definition of development?
Answer» What do you understand by the term development? Would all sections of society benefit from such a definition of development?

Discussion

875.	Which of the following markets closely resembles a perfectly competitive market?
Answer» Which of the following markets closely resembles a perfectly competitive market?

Discussion

876.	I went to Mcdonald's recently. The medium french fries were priced at Rs 83 and the large french fries were priced at Rs 101 which was proportionately much lower. What could be the reason?
Answer» I went to Mcdonald's recently. The medium french fries were priced at Rs 83 and the large french fries were priced at Rs 101 which was proportionately much lower. What could be the reason?

Discussion

877.	CH3CH2CN \xrightarrow{dil.HCL △
Answer» CH3CH2CN \xrightarrow{dil.HCL △

Discussion

878.	Consider a market where there are just two consumers and suppose their demands for good are given as follows. Calculate the market demand for the good. pd1d2192428203718461655146412
Answer» Consider a market where there are just two consumers and suppose their demands for good are given as follows. Calculate the market demand for the good. $\begin{matrix} p & d_{1} & d_{2} 1 & 9 & 24 2 & 8 & 20 3 & 7 & 18 4 & 6 & 16 5 & 5 & 14 6 & 4 & 12 \end{matrix}$

878.

Consider a market where there are just two consumers and suppose their demands for good are given as follows. Calculate the market demand for the good. pd1d2192428203718461655146412

Answer»

Consider a market where there are just two consumers and suppose their demands for good are given as follows. Calculate the market demand for the good.

$\begin{matrix} p & d_{1} & d_{2} 1 & 9 & 24 2 & 8 & 20 3 & 7 & 18 4 & 6 & 16 5 & 5 & 14 6 & 4 & 12 \end{matrix}$

Discussion

879.	The costs (LRAC) and prices (P) for four firms are given in the options below. Which of these cannot lie on the long-run supply curve of a firm?
Answer» The costs (LRAC) and prices (P) for four firms are given in the options below. Which of these cannot lie on the long-run supply curve of a firm?

Discussion

880.	The horizontal range of an object be the same when it is projected from the ground at the angles x and 4x with the same speed. Find the value of x
Answer» The horizontal range of an object be the same when it is projected from the ground at the angles x and 4x with the same speed. Find the value of x

Discussion

881.	Which of the following is the strongest base?
Answer» Which of the following is the strongest base?

Discussion

882.	Aconsumer wants to consume two goods. The prices of the two goods areRs 4 and Rs 5 respectively. The consumer’s income is Rs 20.(i)Write down the equation of the budget line.(ii)How much of good 1 can the consumer consume if he/she spends his/herentire income on that good?(iii)How much of good 2 can be consumed if he/she spends his/her entireincome on that good?(iv)What is the slope of the budget line?
Answer» A consumer wants to consume two goods. The prices of the two goods are Rs 4 and Rs 5 respectively. The consumer’s income is Rs 20. (i) Write down the equation of the budget line. (ii) How much of good 1 can the consumer consume if he/she spends his/her entire income on that good? (iii) How much of good 2 can be consumed if he/she spends his/her entire income on that good? (iv) What is the slope of the budget line?

882.

Aconsumer wants to consume two goods. The prices of the two goods areRs 4 and Rs 5 respectively. The consumer’s income is Rs 20.(i)Write down the equation of the budget line.(ii)How much of good 1 can the consumer consume if he/she spends his/herentire income on that good?(iii)How much of good 2 can be consumed if he/she spends his/her entireincome on that good?(iv)What is the slope of the budget line?

Answer»

A
consumer wants to consume two goods. The prices of the two goods are
Rs 4 and Rs 5 respectively. The consumer’s income is Rs 20.

(i)
Write down the equation of the budget line.

(ii)
How much of good 1 can the consumer consume if he/she spends his/her
entire income on that good?

(iii)
How much of good 2 can be consumed if he/she spends his/her entire
income on that good?

(iv)
What is the slope of the budget line?

Discussion

883.	Will aprofit-maximising firm in a competitive market produce a positivelevel of output in the short run if the market price is less than theminimum of AVC?
Answer» Will a profit-maximising firm in a competitive market produce a positive level of output in the short run if the market price is less than the minimum of AVC?

Discussion

884.	Remplis par un mot du texte:1. La fille indienne est fière de sa ........................2. Le garçon a une bonne ........................ de math.3. Je ........................ mon anniversaire avec mes amis la semaine prochaine.4. Les élèves apprennent le français ........................ six mois.5. Cette famille voyage ............................... 2 ans.
Answer» Remplis par un mot du texte: 1. La fille indienne est fière de sa ........................ 2. Le garçon a une bonne ........................ de math. 3. Je ........................ mon anniversaire avec mes amis la semaine prochaine. 4. Les élèves apprennent le français ........................ six mois. 5. Cette famille voyage ............................... 2 ans.

Discussion

885.	Utilise le comparatif :P. ex: Helène est plus intelligente que Jeannine (intelligent+)1. Philipe est un bon élève. Il est .............. que Paul. (bon +)2. Les parfums français sont .................... que les parfums indiens. (cher +)3. Cette question est ................. difficile que l’autre. (= difficile)4. Ce film est ............... que le film qui est déjà sorti. (- intéressant)5. Son magasin est ................. que celui que nous avons visité hier. (- mauvais)
Answer» Utilise le comparatif : P. ex: Helène est plus intelligente que Jeannine (intelligent+) 1. Philipe est un bon élève. Il est .............. que Paul. (bon +) 2. Les parfums français sont .................... que les parfums indiens. (cher +) 3. Cette question est ................. difficile que l’autre. (= difficile) 4. Ce film est ............... que le film qui est déjà sorti. (- intéressant) 5. Son magasin est ................. que celui que nous avons visité hier. (- mauvais)

Discussion

886.	Consider a market with two firms. The following table shows the supply schedules of the two firms. SS1 column gives the supply schedule of firm 1 and SS2 column gives the supply schedule of firm 2. Compute the market supply schedule. Price(Rs.)SS1(Units)SS2(Units)000100200311422533644
Answer» Consider a market with two firms. The following table shows the supply schedules of the two firms. $S S_{1}$ column gives the supply schedule of firm 1 and $S S_{2}$ column gives the supply schedule of firm 2. Compute the market supply schedule. $\begin{matrix} Price(Rs.) & S S_{1} (Units) & S S_{2} (Units) 0 & 0 & 0 1 & 0 & 0 2 & 0 & 0 3 & 1 & 1 4 & 2 & 2 5 & 3 & 3 6 & 4 & 4 \end{matrix}$

Discussion

887.	Comment on the shape of the MR curve in case the TR curve is a positively sloped straight line horizontal straight line
Answer» Comment on the shape of the MR curve in case the TR curve is a positively sloped straight line horizontal straight line

887.

Comment on the shape of the MR curve in case the TR curve is a positively sloped straight line horizontal straight line

Answer»

Comment on the shape of the MR curve in case the TR curve is a

positively sloped straight line

horizontal straight line

Discussion

888.	Calculate total variable vost and total cost from the following cost schedule of a firm whose fixed costs are Rs. 10. Output(Units)1234Marginal Cost(Rs.)6546
Answer» Calculate total variable vost and total cost from the following cost schedule of a firm whose fixed costs are Rs. 10. $\begin{matrix} O u t p u t (U n i t s) & 1 & 2 & 3 & 4 M a r g i n a l C o s t (R s .) & 6 & 5 & 4 & 6 \end{matrix}$

Discussion

889.	what is ins†an†an eous velocity?
Answer» what is ins†an†an eous velocity?

Discussion

890.	There are three sellers in a market. Their supply curves are given by qA=5p−10, p≥5qB=12p−17, p≥10qC=4p−15, p≥15 The market supply curve equation is _______
Answer» There are three sellers in a market. Their supply curves are given by $q_{A} = 5 p - 10, p \geq 5 q_{B} = 12 p - 17, p \geq 10 q_{C} = 4 p - 15, p \geq 15$ The market supply curve equation is _______

890.

There are three sellers in a market. Their supply curves are given by qA=5p−10, p≥5qB=12p−17, p≥10qC=4p−15, p≥15 The market supply curve equation is _______

Answer»

There are three sellers in a market. Their supply curves are given by

$q_{A} = 5 p - 10, p \geq 5 q_{B} = 12 p - 17, p \geq 10 q_{C} = 4 p - 15, p \geq 15$

The market supply curve equation is _______

Discussion

891.	A firm's SMC schedule is shown in the following table. The total fixed cost of the firm is Rs. 100. Find the TVC, TC, AVC and SAC schedules of the firm. Q0123456SMC500300200300500800
Answer» A firm's SMC schedule is shown in the following table. The total fixed cost of the firm is Rs. 100. Find the TVC, TC, AVC and SAC schedules of the firm. $\begin{matrix} Q & 0 & 1 & 2 & 3 & 4 & 5 & 6 S M C & 500 & 300 & 200 & 300 & 500 & 800 \end{matrix}$

Discussion

892.	Sachin invested in a national saving certificate scheme. In the first year he invested Rs 5000 , in the second year Rs 7000, in the third year Rs 9000 and so on. Find the total amount that he invested in 12 years.
Answer» Sachin invested in a national saving certificate scheme. In the first year he invested Rs 5000 , in the second year Rs 7000, in the third year Rs 9000 and so on. Find the total amount that he invested in 12 years.

Discussion

893.	Following information is given about a firm. Output(Units)0123456Total Cost(Rs.)4005506607909401,1501,460 Find out (i) the average fixed cost of producing 4 units. (ii) the average variable cost of producing 5 units. (iii) the least average cost level of output. (iv) the marginal cost of producing the 3rd unit. (v) the total variable cost of producing 6 units.
Answer» Following information is given about a firm. $\begin{matrix} O u t p u t (U n i t s) & 0 & 1 & 2 & 3 & 4 & 5 & 6 T o t a l C o s t (R s .) & 400 & 550 & 660 & 790 & 940 & 1, 150 & 1, 460 \end{matrix}$ Find out (i) the average fixed cost of producing 4 units. (ii) the average variable cost of producing 5 units. (iii) the least average cost level of output. (iv) the marginal cost of producing the 3rd unit. (v) the total variable cost of producing 6 units.

Discussion

894.	What isthe supply curve of a firm in the long run?
Answer» What is the supply curve of a firm in the long run?

Discussion

895.	Find the missing term by using the given graph.4
Answer» Find the missing term by using the given graph. 4

Discussion

896.	What is your opportunity cost of buying the Byju's product?
Answer» What is your opportunity cost of buying the Byju's product?

Discussion

897.	Q2. Consider the following statements about National Nutrition Mission (NNM): 1. It will comprise mapping of various Schemes contributing towards addressing malnutrition. 2. NNM targets to reduce stunting, under- nutrition, anemia (among young children, women and adolescent girls) and reduce low birth weight by 2%, 2%, 3% and 2% per annum respectively. Which of the above statements are correct?
Answer» Q2. Consider the following statements about National Nutrition Mission (NNM): 1. It will comprise mapping of various Schemes contributing towards addressing malnutrition. 2. NNM targets to reduce stunting, under- nutrition, anemia (among young children, women and adolescent girls) and reduce low birth weight by 2%, 2%, 3% and 2% per annum respectively. Which of the above statements are correct?

897.

Q2. Consider the following statements about National Nutrition Mission (NNM): 1. It will comprise mapping of various Schemes contributing towards addressing malnutrition. 2. NNM targets to reduce stunting, under- nutrition, anemia (among young children, women and adolescent girls) and reduce low birth weight by 2%, 2%, 3% and 2% per annum respectively. Which of the above statements are correct?

Answer»

Q2. Consider the following statements about National Nutrition Mission (NNM):

1. It will comprise mapping of various Schemes contributing towards addressing malnutrition.

2. NNM targets to reduce stunting, under- nutrition, anemia (among young children, women and adolescent girls) and reduce low birth weight by 2%, 2%, 3% and 2% per annum respectively.

Which of the above statements are correct?

Discussion

898.	Why are landlords able to command high rents from coffee shops in airports?
Answer» Why are landlords able to command high rents from coffee shops in airports?

Discussion

899.	How many banks were nationalised by Indira Gandhi's government?
Answer» How many banks were nationalised by Indira Gandhi's government?

Discussion

900.	Give the meaning of equilibrium market price of a good.
Answer» Give the meaning of equilibrium market price of a good.

Discussion

Explore topic-wise InterviewSolutions in .

The current supply of a commodity in the market refers to

Can planning work in a changing environment? Give a reason to justify your answer.

What are the steps taken to make farmers shift to smart farming?

Explain any four responsibilities of business towards community.

Explain the implications of 'perfect knowledge' about the market under perfect competition.

Show diagrammatically the conditions for consumer ’s equilibrium, in Hicksian analysis of demand.

Which one of the following measures in the 3R's means to use resources judiciously?

Which of the following is an assumption of Production Possibility Frontier? (i) Resources are not fully employed. (ii) Resources are not equally efficient for production of the two goods. (iii) Resources are not efficiently employed. (iv) Resources available are not fixed.

The greenhouse gases, otherwise called as radioactively active gases include

In a first order rxn, on plotting a graph b/w t_{1/2 }and conc. of reac†an t A A curve is obtained B A straight line is obtained having slope 45^° C A Straight line is obtained having slope 60^° D A straight line \parallel to conc. axis

What is the marginal product of an input?

40. Number of ways in which the letters of the word ECONOMICS be arranged so that no two similar letters are together is

Those resources which can be used without the possibility of the resource becoming depleted or exhausted.

Which of the following is incorrect regarding NABARD?

Explainthrough a diagram the effect of a rightward shift of both the demandand supply curves on equilibrium price and quantity.

The table below shows the amount charged in a year based on the number of cars that underwent servicing.No. of servicing done in a year57911Amount charged (in ₹)675094501215014850Select the equation that represents the data above.

What is the average product of the first three hours of labour? HoursMP0−1100280360

Pankaj takes a loan of Rs. 10000 at 10% per annum compounded annually which is to be repaid in two equal annual instalments: one at the end of the first year and second at the end of the second year. The value of each instalment is:

Underscore some of the India’s most crucial economic challenges at the time of independence.

According to the law of supply, what will happen to the supply of commodity with an increase in the price of a commodity?

Explain the conditions of equilibrium of a firm based on marginal cost and marginal revenue. Use diagram. Or Explain the meaning of producer's equilibrium. Also explain the conditions of equilibrium of a firm on marginal cost and marginal revenue.

How are the total revenue of a firm, market price, and the quantity sold by the firm related to each other?

What do you understand by the term development? Would all sections of society benefit from such a definition of development?

Which of the following markets closely resembles a perfectly competitive market?

I went to Mcdonald's recently. The medium french fries were priced at Rs 83 and the large french fries were priced at Rs 101 which was proportionately much lower. What could be the reason?

CH3CH2CN \xrightarrow{dil.HCL △

Consider a market where there are just two consumers and suppose their demands for good are given as follows. Calculate the market demand for the good. pd1d2192428203718461655146412

The costs (LRAC) and prices (P) for four firms are given in the options below. Which of these cannot lie on the long-run supply curve of a firm?

The horizontal range of an object be the same when it is projected from the ground at the angles x and 4x with the same speed. Find the value of x

Which of the following is the strongest base?

Will aprofit-maximising firm in a competitive market produce a positivelevel of output in the short run if the market price is less than theminimum of AVC?

Consider a market with two firms. The following table shows the supply schedules of the two firms. SS1 column gives the supply schedule of firm 1 and SS2 column gives the supply schedule of firm 2. Compute the market supply schedule. Price(Rs.)SS1(Units)SS2(Units)000100200311422533644

Comment on the shape of the MR curve in case the TR curve is a positively sloped straight line horizontal straight line

Calculate total variable vost and total cost from the following cost schedule of a firm whose fixed costs are Rs. 10. Output(Units)1234Marginal Cost(Rs.)6546

what is ins†an†an eous velocity?

There are three sellers in a market. Their supply curves are given by qA=5p−10, p≥5qB=12p−17, p≥10qC=4p−15, p≥15 The market supply curve equation is _______

A firm's SMC schedule is shown in the following table. The total fixed cost of the firm is Rs. 100. Find the TVC, TC, AVC and SAC schedules of the firm. Q0123456SMC500300200300500800

Sachin invested in a national saving certificate scheme. In the first year he invested Rs 5000 , in the second year Rs 7000, in the third year Rs 9000 and so on. Find the total amount that he invested in 12 years.

What isthe supply curve of a firm in the long run?

Find the missing term by using the given graph.4

What is your opportunity cost of buying the Byju's product?

Why are landlords able to command high rents from coffee shops in airports?

How many banks were nationalised by Indira Gandhi's government?

Give the meaning of equilibrium market price of a good.