1868 + Interview Questions in Economics Page 27 InterviewSolution

1301.	What is meant by prices being rigid? How can oligopoly behaviour lead to such an outcome?
Answer» What is meant by prices being rigid? How can oligopoly behaviour lead to such an outcome?

Discussion

1302.	As the number of units of output increases, the SMC
Answer» As the number of units of output increases, the SMC

Discussion

1303.	The time period in history between 1500-1800 represents _____.
Answer» The time period in history between 1500-1800 represents _____.

Discussion

1304.	(a) What is meant by price rigidity, under oligopoy. (b) Elaborate the implication of the condition of equilibrium of a firm.
Answer» (a) What is meant by price rigidity, under oligopoy. (b) Elaborate the implication of the condition of equilibrium of a firm.

Discussion

1305.	What do you understand by returns to a factor? State the reasons for diminishing returns to a factor.
Answer» What do you understand by returns to a factor? State the reasons for diminishing returns to a factor.

Discussion

1306.	When a monopoly firm exercises market power, _________.
Answer» When a monopoly firm exercises market power, _________.

Discussion

1307.	Which of the following features add to a "well-designed" plan?
Answer» Which of the following features add to a "well-designed" plan?

Discussion

1308.	Discuss the various points of difference between life insurance and fire insurance.
Answer» Discuss the various points of difference between life insurance and fire insurance.

Discussion

1309.	Because Country A has no domestic sources of wood, it imports all its wood from wood-producing countries. If the price of wood in wood-producing countries rises substantially, which of the following is most likely to occur?
Answer» Because Country A has no domestic sources of wood, it imports all its wood from wood-producing countries. If the price of wood in wood-producing countries rises substantially, which of the following is most likely to occur?

Discussion

1310.	Which type of unemployment is found in agricultural sector?
Answer» Which type of unemployment is found in agricultural sector?

Discussion

1311.	Which of the following organisations does not facilitate the process of globalisation?
Answer» Which of the following organisations does not facilitate the process of globalisation?

Discussion

1312.	In which year was the US declaration of Independence?
Answer» In which year was the US declaration of Independence?

Discussion

1313.	Which sector do you think contributes the greatest share to the national income of India?
Answer» Which sector do you think contributes the greatest share to the national income of India?

Discussion

1314.	What is meant by consumer's equilibrium?
Answer» What is meant by consumer's equilibrium?

Discussion

1315.	List any three inputs used in production.
Answer» List any three inputs used in production.

Discussion

1316.	What are the different phases in the law of variable proportions in terms of total product? Give reasons behind each phase. Use diagram.
Answer» What are the different phases in the law of variable proportions in terms of total product? Give reasons behind each phase. Use diagram.

Discussion

1317.	What is meants by cost in economics ?
Answer» What is meants by cost in economics ?

Discussion

1318.	Q12. Consider the following Statements with reference to Indian Council of Medical Research (ICMR) 1. It comes under Ministry of Science under Department of Biotechnology 2. It is one of the oldest and largest medical research bodies in the world Which of the above statements are correct?
Answer» Q12. Consider the following Statements with reference to Indian Council of Medical Research (ICMR) 1. It comes under Ministry of Science under Department of Biotechnology 2. It is one of the oldest and largest medical research bodies in the world Which of the above statements are correct?

1318.

Q12. Consider the following Statements with reference to Indian Council of Medical Research (ICMR) 1. It comes under Ministry of Science under Department of Biotechnology 2. It is one of the oldest and largest medical research bodies in the world Which of the above statements are correct?

Answer»

Q12. Consider the following Statements with reference to Indian Council of Medical Research (ICMR)

1. It comes under Ministry of Science under Department of Biotechnology

2. It is one of the oldest and largest medical research bodies in the world

Which of the above statements are correct?

Discussion

1319.	What is the primary objective of privatizing a public sector enterprise ?
Answer» What is the primary objective of privatizing a public sector enterprise ?

Discussion

1320.	Which of the following refers to narrow money?
Answer» Which of the following refers to narrow money?

Discussion

1321.	On the basis of the following schedule, calculate price elasticity of demand by percentage method. Price per unit (Rs)Total expenditure (Rs)101809162
Answer» On the basis of the following schedule, calculate price elasticity of demand by percentage method. $\begin{matrix} Price per unit (Rs) & Total expenditure (Rs) 10 & 180 9 & 162 \end{matrix}$

1321.

On the basis of the following schedule, calculate price elasticity of demand by percentage method. Price per unit (Rs)Total expenditure (Rs)101809162

Answer»

On the basis of the following schedule, calculate price elasticity of demand by percentage method.

$\begin{matrix} Price per unit (Rs) & Total expenditure (Rs) 10 & 180 9 & 162 \end{matrix}$

Discussion

1322.	Which of the following is not related to agricultural marketing?
Answer» Which of the following is not related to agricultural marketing?

Discussion

1323.	A monopolist's profit-maximizing problem involves
Answer» A monopolist's profit-maximizing problem involves

Discussion

1324.	By, 1913, what percentage of the global manufacturing output was produced by UK, USA, and Europe?
Answer» By, 1913, what percentage of the global manufacturing output was produced by UK, USA, and Europe?

Discussion

1325.	Rural population needs short-term loans for:
Answer» Rural population needs short-term loans for:

Discussion

1326.	The supply curve of Swetha can be represented as p=0.15q+5, p≥20. What is the efficient scale of production for Swetha?
Answer» The supply curve of Swetha can be represented as $p = 0.15 q + 5, p \geq 20$ . What is the efficient scale of production for Swetha?

Discussion

1327.	In short period there is no change in ___factors.
Answer» In short period there is no change in ___factors.

Discussion

1328.	If consumer income declines, then the demand for
Answer» If consumer income declines, then the demand for

Discussion

1329.	When price of a good falls from Rs. 20 to Rs. 10 per unit, the producer reduces supply from 100 units to 50 units. Calculate price elasticity of supply.
Answer» When price of a good falls from Rs. 20 to Rs. 10 per unit, the producer reduces supply from 100 units to 50 units. Calculate price elasticity of supply.

Discussion

1330.	According to Indian Constitution, “Vocational Training” is listed in which of the following?
Answer» According to Indian Constitution, “Vocational Training” is listed in which of the following?

Discussion

1331.	What does the upward movement curve indicate?
Answer» What does the upward movement curve indicate?

Discussion

1332.	What is the total product of an input?
Answer» What is the total product of an input?

Discussion

1333.	Markets have been differentiated from each other on which of the following grounds?
Answer» Markets have been differentiated from each other on which of the following grounds?

Discussion

1334.	Why is the demand curve of a firm under monopolistic competition more elastic than under monopoly? Explain.
Answer» Why is the demand curve of a firm under monopolistic competition more elastic than under monopoly? Explain.

Discussion

1335.	Number of real solution of \|x−3\|=√x−1 which are not prime
Answer» Number of real solution of $\| x - 3 \| = \sqrt{x - 1}$ which are not prime

Discussion

1336.	Which of the following is a secondary form of energy?
Answer» Which of the following is a secondary form of energy?

Discussion

1337.	Why are patent rights granted?
Answer» Why are patent rights granted?

Discussion

1338.	make a list of products for which you think demand is price inelastic and price elastic . specify the reason you may think relevant for your analysis
Answer» make a list of products for which you think demand is price inelastic and price elastic . specify the reason you may think relevant for your analysis

Discussion

1339.	Innovation leads to:
Answer» Innovation leads to:

Discussion

1340.	A consumer consumes only two goods X and Y, both priced at Rs. 2 per unit. If the consumer chooses a combination of the two goods with marginal rate of substitution equal to 2, is the consumer in equilibrium? Why, or why not? What will a rational consumer do in this situation? Explain.
Answer» A consumer consumes only two goods X and Y, both priced at Rs. 2 per unit. If the consumer chooses a combination of the two goods with marginal rate of substitution equal to 2, is the consumer in equilibrium? Why, or why not? What will a rational consumer do in this situation? Explain.

Discussion

1341.	Why is the short run marginal cost 'U' shaped?
Answer» Why is the short run marginal cost 'U' shaped?

Discussion

1342.	Define economy.
Answer» Define economy.

Discussion

1343.	Which of the following bodies was responsible for the preparation of the five-year plans?
Answer» Which of the following bodies was responsible for the preparation of the five-year plans?

Discussion

1344.	What are cartels? Give an example.
Answer» What are cartels? Give an example.

Discussion

1345.	Total Profit = ___________
Answer» Total Profit = ___________

Discussion

1346.	The most basic level in the healthcare system is ____
Answer» The most basic level in the healthcare system is ____

Discussion

1347.	Q20. Consider the following statements about CARA: 1. Central Adoption Resource Authority (CARA) is a non-statutory body. 2. CARA primarily deals with adoption of orphan, abandoned and surrendered children through its associated /recognised adoption agencies. Which of the above statements are correct?
Answer» Q20. Consider the following statements about CARA: 1. Central Adoption Resource Authority (CARA) is a non-statutory body. 2. CARA primarily deals with adoption of orphan, abandoned and surrendered children through its associated /recognised adoption agencies. Which of the above statements are correct?

1347.

Q20. Consider the following statements about CARA: 1. Central Adoption Resource Authority (CARA) is a non-statutory body. 2. CARA primarily deals with adoption of orphan, abandoned and surrendered children through its associated /recognised adoption agencies. Which of the above statements are correct?

Answer»

Q20. Consider the following statements about CARA:

1. Central Adoption Resource Authority (CARA) is a non-statutory body.

2. CARA primarily deals with adoption of orphan, abandoned and surrendered children through its associated /recognised adoption agencies.

Which of the above statements are correct?

Discussion

1348.	What are the average fixed cost, average variable cost and total cost of a firm? How are they related?
Answer» What are the average fixed cost, average variable cost and total cost of a firm? How are they related?

Discussion

1349.	How do the equilibrium price and quantity of a commodity change when price of input used in its production changes?
Answer» How do the equilibrium price and quantity of a commodity change when price of input used in its production changes?

Discussion

1350.	Tez is an online payment app launched by Google. When you make or receive a payment using Tez, you get a chance to win random sums of money which will be automatically deposited into your account. Why is google paying the customers for free?
Answer» Tez is an online payment app launched by Google. When you make or receive a payment using Tez, you get a chance to win random sums of money which will be automatically deposited into your account. Why is google paying the customers for free?

Discussion

Explore topic-wise InterviewSolutions in .

What is meant by prices being rigid? How can oligopoly behaviour lead to such an outcome?

As the number of units of output increases, the SMC

The time period in history between 1500-1800 represents _____.

(a) What is meant by price rigidity, under oligopoy. (b) Elaborate the implication of the condition of equilibrium of a firm.

What do you understand by returns to a factor? State the reasons for diminishing returns to a factor.

When a monopoly firm exercises market power, _________.

Which of the following features add to a "well-designed" plan?

Discuss the various points of difference between life insurance and fire insurance.

Because Country A has no domestic sources of wood, it imports all its wood from wood-producing countries. If the price of wood in wood-producing countries rises substantially, which of the following is most likely to occur?

Which type of unemployment is found in agricultural sector?

Which of the following organisations does not facilitate the process of globalisation?

In which year was the US declaration of Independence?

Which sector do you think contributes the greatest share to the national income of India?

What is meant by consumer's equilibrium?

List any three inputs used in production.

What are the different phases in the law of variable proportions in terms of total product? Give reasons behind each phase. Use diagram.

What is meants by cost in economics ?

Q12. Consider the following Statements with reference to Indian Council of Medical Research (ICMR) 1. It comes under Ministry of Science under Department of Biotechnology 2. It is one of the oldest and largest medical research bodies in the world Which of the above statements are correct?

What is the primary objective of privatizing a public sector enterprise ?

Which of the following refers to narrow money?

On the basis of the following schedule, calculate price elasticity of demand by percentage method. Price per unit (Rs)Total expenditure (Rs)101809162

Which of the following is not related to agricultural marketing?

A monopolist's profit-maximizing problem involves

By, 1913, what percentage of the global manufacturing output was produced by UK, USA, and Europe?

Rural population needs short-term loans for:

The supply curve of Swetha can be represented as p=0.15q+5, p≥20. What is the efficient scale of production for Swetha?

In short period there is no change in ___factors.

If consumer income declines, then the demand for

When price of a good falls from Rs. 20 to Rs. 10 per unit, the producer reduces supply from 100 units to 50 units. Calculate price elasticity of supply.

According to Indian Constitution, “Vocational Training” is listed in which of the following?

What does the upward movement curve indicate?

What is the total product of an input?

Markets have been differentiated from each other on which of the following grounds?

Why is the demand curve of a firm under monopolistic competition more elastic than under monopoly? Explain.

Number of real solution of |x−3|=√x−1 which are not prime

Which of the following is a secondary form of energy?

Why are patent rights granted?

make a list of products for which you think demand is price inelastic and price elastic . specify the reason you may think relevant for your analysis

Innovation leads to:

A consumer consumes only two goods X and Y, both priced at Rs. 2 per unit. If the consumer chooses a combination of the two goods with marginal rate of substitution equal to 2, is the consumer in equilibrium? Why, or why not? What will a rational consumer do in this situation? Explain.

Why is the short run marginal cost 'U' shaped?

Define economy.

Which of the following bodies was responsible for the preparation of the five-year plans?

What are cartels? Give an example.

Total Profit = ___________

The most basic level in the healthcare system is ____

What are the average fixed cost, average variable cost and total cost of a firm? How are they related?

How do the equilibrium price and quantity of a commodity change when price of input used in its production changes?

Tez is an online payment app launched by Google. When you make or receive a payment using Tez, you get a chance to win random sums of money which will be automatically deposited into your account. Why is google paying the customers for free?