Explore topic-wise InterviewSolutions in .

Which societies are established to help producers in selling their products?

At equilibrium, which of the following are true?

Distinguish between a change in quantity demanded and a change in demand of a commodity.

Or

Distinguish between a movement along a demand curve and shift in the demand curve with the help of diagrams.

A consumer consumes only two goods. For the consumer to be in equilibrium why must marginal rate of substitution be equal to the ratio of prices of the two goods? Explain.

OR

A consumer consumes only two goods. Why is the consumer in equilibrium when he buys only that combination of the two goods that is shown at the point of tangency of the budget line with an indifference curve? Explain.

Explain when a consumer, consuming only two commodities X and Y, attains equilibrium under the utility approach.

In the production process, the reward of an entrepreneur can be

Conventional sources of energy are:

Comment upon the degree of elasticity of demand for Good X, in the following given situations, if the price of the commodity rises from Rs. 5 per unit to Rs. 7 per unit and the quantity demanded falls from 20 units to 16 units :

i) Using the total household expenditure method,

ii) Using proportionate method.

How are the equilibrium price and quantity affected when both demand and supply curves shift in the same direction?

North East Industrial and Investment Promotion Policy (NEIIPP) has been announced to promote industrialization in the States of North Eastern Region. Its salient features are:

Which of the above statements is/are correct?

On an average, what percentage of health costs are individually borne by the people?

The trade policy which advocates domestic production of goods in order to reduce foreign-dependence is called:

Giving reasons, state whether the following statements are true or false:
(i) Average product will increase only when marginal product increases.
(ii) Under diminishing returns to a factor, total product continues to increase until marginal product reaches zero.

Internal tariffs were abolished in India for ________

The supply curve for a monopolist is

Which of the following do you think is a lasting solution to poverty?

For a firm operating in a perfectly competitive market, the slope of the TR curve is

Which one of the following sentences would best complete the last paragraph of the passage?

The market structure in which a large buyer controls a large portion of the market and is able to drive the prices down is called ___

Average of daily wage of 50 workers of a factory was Rs.200 with a standard deviation of Rs.40. Each worker is given a raise of Rs.20. What are the new average daily wage and standard deviation? Have the wages becomes more or less uniform?

The market demand curve for a commodity and the total cost for a monopoly firm producing the commodity is given by the schedules below. Use the information to calculate the following :

$\begin{array}{cccccccccc}\text{Quantity}& 0& 1& 2& 3& 4& 5& 6& 7& 8\\ \text{Price}& 52& 44& 37& 31& 26& 22& 19& 16& 13\end{array}$

$\begin{array}{cccccccccc}\text{Quantity}& 0& 1& 2& 3& 4& 5& 6& 7& 8\\ \text{Price}& 10& 60& 90& 100& 102& 105& 109& 115& 125\end{array}$

(i) The MR and MC schedules.

(ii) The quantities for which MR and MC equal.

(iii) The equilibrium quantity of output and the equilibrium price of the commodity

(iv) Total revenue, total cost and total profit in equilibrium

The passage mentions the following functions of an entrepreneur:

Compare the effect of a shift in demand curve on the equilibrium when the number of firms in the market is fixed with the situation when entry-exit is permitted.

If in the previous question, each worker is given a hike of 10% in wages, how are the mean and standard deviation values affected?

Which economic activity has minimum qualification and training in a specific field as a mandatory feature?

Efficiency of Carnot engine is 100% if

If the price of a substitute (Y) of good X increases, what impact does it have on the equilibrium price and quantity of good 'X'?

Q31) The author’s main point is that-

George works at a job where he gets paid Rs 10 lakh/ year with an annual raise of Rs 1 lakh. He wants to quit his job and go for higher studies which would cost him Rs 15 lakhs in student loans and it would take 2 years to complete. Assuming he gets a new job after completing his higher studies, what must be his minimum average salary at the new job so that in three years he would be better off financially than he would be if he hadn't quit the job at all?

The positively sloped (i.e. rising) part of the long run average total cost curve is due to which of the following?

In Independent India, the first industrial policy was announced in:

At a price of Rs 100, the quantity of a good supplied by a firm is 5000. Which of these can be the quantity supplied when the price is Rs 200, assuming diminishing returns?

What are the ethical concerns involved in outsourcing?

Q17. Consider the following statements:

1. A majority disinvestment is one such that, at the end of it, the government retains a majority stake in the company, typically greater than 51%, thus ensuring management control.

2. A minority disinvestment is one in which the government, post disinvestment, retains a minority stake in the company i.e. it sells off a majority stake.

Which of the above statements are correct?

____ is essential for a country's population to develop skills to work.

Q12. Consider the following statements about North East Special Infrastructure Development Scheme (NESIDS):

1. It will provide 100% funding from the Central Government to fill up the gaps in creation of infrastructure in specified sectors till 2020.

2. The new scheme will broadly cover creation of infrastructure.

Which of the above are statements are correct?

Abid and Arjun decided to quit their jobs and set up a new business. Abid invested his savings worth Rs 10 lakhs in the business which could have earned him interest at the rate of 10% per annum. Abid was earning Rs 5 lakhs/year and Arjun was earning Rs 6 lakhs/year on their jobs. Which of the following is correct?

Explain the relationship between MP and AP.

If equilibrium price rises but equilibrium quantity remains unchanged, the cause is:

What are the services provided by the wholesaler to the manufacturer ?

CNG is a ___ .

The numbers of units produced by a firm and the corresponding costs are tabulated below.

$\begin{array}{cc}No.ofunits& Totalcost\\ 100& Rs2000\\ 250& Rs3500\end{array}$

Assuming constant variable cost per unit, calculate the AFC for 100 units.

Identify the correct choices.

As per the passage, which of the following is true?

Study the following demand schedule and answer the following question.

$\begin{array}{cc}Price\left(Rs\right)& Quantity\\ 11& 0\\ 10& 100\\ 9& 200\\ 8& 300\\ 7& 400\\ 6& 500\\ 5& 600\\ 4& 700\end{array}$

At what price is the MR zero?

Write about the administrative setup for small scale, agro and rural industries.

The resources that can be replaced by natural ecological cycle are called