2044 + Interview Questions in Economics Page 15 InterviewSolution

701.	What are the indications for the future of humankind?
Answer» What are the indications for the future of humankind?

Discussion

702.	What was Shock Therapy? Was this the best way to make a transition from communism to capitalism?
Answer» What was Shock Therapy? Was this the best way to make a transition from communism to capitalism?

Discussion

703.

Open a 'T' shape account for machinery and put the following transactions on the proper side: ₹ (i) Machinery purchased 40,000 (ii) Machinery sold 10,000 (iii) Machinery purchased 8,000 (iv) Machinery discarded 14,000 (v) Depreciation on machinery 1,000

Answer» Open a 'T' shape account for machinery and put the following transactions on the proper side:

		₹
(i)	Machinery purchased	40,000
(ii)	Machinery sold	10,000
(iii)	Machinery purchased	8,000
(iv)	Machinery discarded	14,000
(v)	Depreciation on machinery	1,000

Discussion

704.	Suppose you have a French friend who is working in India as a doctor. Which of the following statements is true?
Answer» Suppose you have a French friend who is working in India as a doctor. Which of the following statements is true?

Discussion

705.	Read this passage and answer the questions below:“Broadly, non-alignment means not tying yourself off with military blocs….It means trying to view things, as far as possible, not from the military point of view, though that has to come in sometimes, but independently, and trying to maintain friendly relations with all countries.” — Jawaharlal Nehru(a) Why does Nehru want to keep off military blocs?(b) Do you think that the Indo-Soviet friendship treaty violated the principle of non-alignment? Give reasons for your answer.(c) If there were no military blocs, do you think non-alignment would have been unnecessary?
Answer» Read this passage and answer the questions below: “Broadly, non-alignment means not tying yourself off with military blocs….It means trying to view things, as far as possible, not from the military point of view, though that has to come in sometimes, but independently, and trying to maintain friendly relations with all countries.” — Jawaharlal Nehru (a) Why does Nehru want to keep off military blocs? (b) Do you think that the Indo-Soviet friendship treaty violated the principle of non-alignment? Give reasons for your answer. (c) If there were no military blocs, do you think non-alignment would have been unnecessary?

Discussion

706.	Write a short note on WTO.
Answer» Write a short note on WTO.

Discussion

707.	Would you agree that promises made to poor children are rarely kept? Why do you think this happens in the incidents narrated in the text?
Answer» Would you agree that promises made to poor children are rarely kept? Why do you think this happens in the incidents narrated in the text?

Discussion

708.	Enlist some problems faced by farmers during the initial years of organic farming.
Answer» Enlist some problems faced by farmers during the initial years of organic farming.

Discussion

709.	Domain of function f(x)=a-x, a>0
Answer» Domain of function f(x)=a-x, a>0

Discussion

710.	Public transport in place of personal transport reduces environmental degradation.
Answer» Public transport in place of personal transport reduces environmental degradation.

Discussion

711.	Kudumbashree is a women-oriented community based poverty reduction programme being implemented in Kerala'. It is an example of which form of institutional credit?
Answer» Kudumbashree is a women-oriented community based poverty reduction programme being implemented in Kerala'. It is an example of which form of institutional credit?

Discussion

712.	Find current account balance from the following: Items(Rs in crores)(i) Capital account balance80(ii) Export of services20(iii) Balance of visible trade50(iv) Transfers from one country to an another country5
Answer» Find current account balance from the following: $\begin{matrix} Items & (Rs in crores) (i) Capital account balance & 80 (ii) Export of services & 20 (iii) Balance of visible trade & 50 (iv) Transfers from one country to an another country & 5 \end{matrix}$

712.

Find current account balance from the following: Items(Rs in crores)(i) Capital account balance80(ii) Export of services20(iii) Balance of visible trade50(iv) Transfers from one country to an another country5

Answer»

Find current account balance from the following:

$\begin{matrix} Items & (Rs in crores) (i) Capital account balance & 80 (ii) Export of services & 20 (iii) Balance of visible trade & 50 (iv) Transfers from one country to an another country & 5 \end{matrix}$

Discussion

713.	What is seasonal unemployment? Suggest measures for reducing this kind of unemployment in India.
Answer» What is seasonal unemployment? Suggest measures for reducing this kind of unemployment in India.

Discussion

714.	What is the range of A - band ?
Answer» What is the range of A - band ?

Discussion

715.	Find out the appropriate word which fits the 3rd blank.
Answer» Find out the appropriate word which fits the 3rd blank.

Discussion

716.	Reconnais-tu ces sportifs célèbres ?
Answer» Reconnais-tu ces sportifs célèbres ?

Discussion

717.	Suppose the exchange rate between the Rupee and the dollar was Rs. 30 = 1$ in the year 2010. Suppose the prices have doubled in India over 20 years while they have remained fixed in USA. What, according to the purchasing power parity theory will be the exchange rate between dollar and rupee in the year 2030.
Answer» Suppose the exchange rate between the Rupee and the dollar was Rs. 30 = 1$ in the year 2010. Suppose the prices have doubled in India over 20 years while they have remained fixed in USA. What, according to the purchasing power parity theory will be the exchange rate between dollar and rupee in the year 2030.

Discussion

718.	Which of the following transactions are recorded in the current account of the balance of payments?
Answer» Which of the following transactions are recorded in the current account of the balance of payments?

Discussion

719.	Calculate trade balance if exports are 500 and imports are 900.
Answer» Calculate trade balance if exports are 500 and imports are 900.

Discussion

720.	The Industrial Policy Resolution, 1956 has categorised industries on the basis of ownership. Discuss.
Answer» The Industrial Policy Resolution, 1956 has categorised industries on the basis of ownership. Discuss.

Discussion

721.	Anwesa owns a restaurant. One day she noticed fungus growing on the bread she had bought in the morning, which had to be served for breakfast to her clients. She immediately asked her cook to throw away the bread and purchase fresh ones. In doing this, she lost some money. What value did Anwesa show?
Answer» Anwesa owns a restaurant. One day she noticed fungus growing on the bread she had bought in the morning, which had to be served for breakfast to her clients. She immediately asked her cook to throw away the bread and purchase fresh ones. In doing this, she lost some money. What value did Anwesa show?

Discussion

722.	If the government spending multiplier is found to be 1, what is the marginal propensity to consume?
Answer» If the government spending multiplier is found to be 1, what is the marginal propensity to consume?

Discussion

723.	Would the central bank need to intervene in a managed floating system? Explain.
Answer» Would the central bank need to intervene in a managed floating system? Explain.

Discussion

724.	Saving function is the functional relationship between
Answer» Saving function is the functional relationship between

Discussion

725.	In the post industrial period, ___ was the driver of economic growth.
Answer» In the post industrial period, ___ was the driver of economic growth.

Discussion

726.	According to official national estimates, India has achieved which of the following Millennium Development Goals (MDGs): Codes :
Answer» According to official national estimates, India has achieved which of the following Millennium Development Goals (MDGs): Codes :

726.

According to official national estimates, India has achieved which of the following Millennium Development Goals (MDGs): Codes :

Answer»

According to official national estimates, India has achieved which of the following Millennium Development Goals (MDGs):

Codes :

Discussion

727.	A5E,D361,G91M,J170Q,?
Answer» A5E,D361,G91M,J170Q,?

Discussion

728.	There are various schemes launched by the Indian Government to eradicate poverty directly or indirectly. (i) Mention any four anti-poverty programmes launched by the government to eradicate poverty. (ii) What goals can be added to improve the result of these anti-poverty programmes?
Answer» There are various schemes launched by the Indian Government to eradicate poverty directly or indirectly. (i) Mention any four anti-poverty programmes launched by the government to eradicate poverty. (ii) What goals can be added to improve the result of these anti-poverty programmes?

728.

There are various schemes launched by the Indian Government to eradicate poverty directly or indirectly. (i) Mention any four anti-poverty programmes launched by the government to eradicate poverty. (ii) What goals can be added to improve the result of these anti-poverty programmes?

Answer»

There are various schemes launched by the Indian Government to eradicate poverty directly or indirectly.

(i) Mention any four anti-poverty programmes launched by the government to eradicate poverty.

(ii) What goals can be added to improve the result of these anti-poverty programmes?

Discussion

729.	What are the measures taken by government to provide medical aids to the slum areas?
Answer» What are the measures taken by government to provide medical aids to the slum areas?

Discussion

730.	Mention any three achievements of the green revolution.
Answer» Mention any three achievements of the green revolution.

Discussion

731.	Revenue deficit is estimated to be Rs. 20,000 crore, and borrowing is estimated to be Rs. 15,000 crore. If expenditure on interest payments is estimated to be 50% of the revenue deficit, find fiscal deficit and primary deficit.
Answer» Revenue deficit is estimated to be Rs. 20,000 crore, and borrowing is estimated to be Rs. 15,000 crore. If expenditure on interest payments is estimated to be 50% of the revenue deficit, find fiscal deficit and primary deficit.

Discussion

732.	Distinguish between revenue budget and capital budget.
Answer» Distinguish between revenue budget and capital budget.

Discussion

733.	Explain the 'paradox of thrift'.
Answer» Explain the 'paradox of thrift'.

Discussion

734.	Find the principalvalue of
Answer» Find the principal value of

Discussion

735.	In which of the following categories are the transactions of balance of trade recorded?
Answer» In which of the following categories are the transactions of balance of trade recorded?

Discussion

736.	Measurethe level of ex-ante aggregate demand when autonomous investment andconsumption expenditure (A) is Rs 50 crores, and MPS is 0.2 and levelof income (Y) is Rs 4000 crores. State whether the economy is inequilibrium or not (cite reasons).
Answer» Measure the level of ex-ante aggregate demand when autonomous investment and consumption expenditure (A) is Rs 50 crores, and MPS is 0.2 and level of income (Y) is Rs 4000 crores. State whether the economy is in equilibrium or not (cite reasons).

Discussion

737.	(a) How is China's experience different from that of India and Pakistan in industrial development? (b) What is the key measurement of human development?
Answer» (a) How is China's experience different from that of India and Pakistan in industrial development? (b) What is the key measurement of human development?

737.

(a) How is China's experience different from that of India and Pakistan in industrial development? (b) What is the key measurement of human development?

Answer»

(a) How is China's experience different from that of India and Pakistan in industrial development?

(b) What is the key measurement of human development?

Discussion

738.	What is paper pattern for JEE advanced and what are the topics that are important how to get 250+ in JEE advanced
Answer» What is paper pattern for JEE advanced and what are the topics that are important how to get 250+ in JEE advanced

Discussion

739.	Bank rate is the rate at which
Answer» Bank rate is the rate at which

Discussion

740.	In which year was the Integrated Child Development Service (ICDS) introduced?
Answer» In which year was the Integrated Child Development Service (ICDS) introduced?

Discussion

741.	Write a letter to your friend narrating your experiences in a rescue operation.
Answer» Write a letter to your friend narrating your experiences in a rescue operation.

Discussion

742.	Write the full form of the term EBIT.
Answer» Write the full form of the term EBIT.

Discussion

743.	Current Assets ₹ 3,00,000; Inventories ₹ 60,000; Working Capital ₹ 2,52,000.Calculate Quick Ratio.
Answer» Current Assets ₹ 3,00,000; Inventories ₹ 60,000; Working Capital ₹ 2,52,000. Calculate Quick Ratio.

Discussion

744.	The net profit of X, Y and Z for the year ended March 31, 2006 was Rs 60,000 and the same was distributed among them in their agreed ratio of 3:1:1. It was subsequently discovered that the under mentioned transanctions were not recorded in the books (i) Interest on Capital 5% pa. (ii) Interest on drawings amounting to X Rs 700, Y Rs 500 and Z Rs 300. (iii) Partner's Salary X Rs 1,000, Y Rs 1,500 pa. The capital accounts of partners were fixed as X Rs 1,00,000, Y Rs 80,000 and Z Rs 60,000. Record the adjustment entry.
Answer» The net profit of X, Y and Z for the year ended March 31, 2006 was Rs 60,000 and the same was distributed among them in their agreed ratio of 3:1:1. It was subsequently discovered that the under mentioned transanctions were not recorded in the books (i) Interest on Capital 5% pa. (ii) Interest on drawings amounting to X Rs 700, Y Rs 500 and Z Rs 300. (iii) Partner's Salary X Rs 1,000, Y Rs 1,500 pa. The capital accounts of partners were fixed as X Rs 1,00,000, Y Rs 80,000 and Z Rs 60,000. Record the adjustment entry.

744.

The net profit of X, Y and Z for the year ended March 31, 2006 was Rs 60,000 and the same was distributed among them in their agreed ratio of 3:1:1. It was subsequently discovered that the under mentioned transanctions were not recorded in the books (i) Interest on Capital 5% pa. (ii) Interest on drawings amounting to X Rs 700, Y Rs 500 and Z Rs 300. (iii) Partner's Salary X Rs 1,000, Y Rs 1,500 pa. The capital accounts of partners were fixed as X Rs 1,00,000, Y Rs 80,000 and Z Rs 60,000. Record the adjustment entry.

Answer»

The net profit of X, Y and Z for the year ended March 31, 2006 was Rs 60,000 and the same was distributed among them in their agreed ratio of 3:1:1. It was subsequently discovered that the under mentioned transanctions were not recorded in the books

(i) Interest on Capital 5% pa.

(ii) Interest on drawings amounting to X Rs 700, Y Rs 500 and Z Rs 300.

(iii) Partner's Salary X Rs 1,000, Y Rs 1,500 pa.

The capital accounts of partners were fixed as X Rs 1,00,000, Y Rs 80,000 and Z Rs 60,000. Record the adjustment entry.

Discussion

745.	What had been put up on the bulletin-board?
Answer» What had been put up on the bulletin-board?

Discussion

746.	Discusssome of the exchange rate arrangements that countries have enteredinto to bring about stability in their external accounts.
Answer» Discuss some of the exchange rate arrangements that countries have entered into to bring about stability in their external accounts.

Discussion

747.	Which of the statements are TRUE about the causes of globalisation?a. Technology is an important cause of globalisation.b. Globalisation is caused by a particular community of people.c. Globalisation originated in the US.d. Economic interdependence alone causes globalisation.
Answer» Which of the statements are TRUE about the causes of globalisation? a. Technology is an important cause of globalisation. b. Globalisation is caused by a particular community of people. c. Globalisation originated in the US. d. Economic interdependence alone causes globalisation.

Discussion

748.	According to the passage, all the following aspects of the historical development of finance have been covered in professor Ferguson's book EXCEPT:
Answer» According to the passage, all the following aspects of the historical development of finance have been covered in professor Ferguson's book EXCEPT:

Discussion

749.	(a) What is meant by repo rate? How does the Central Bank use this measure to control inflationary conditions in an economy? (b) What is meant by margin requirements? How does the Central Bank use this measure to control deflationary conditions in an economy?
Answer» (a) What is meant by repo rate? How does the Central Bank use this measure to control inflationary conditions in an economy? (b) What is meant by margin requirements? How does the Central Bank use this measure to control deflationary conditions in an economy?

749.

(a) What is meant by repo rate? How does the Central Bank use this measure to control inflationary conditions in an economy? (b) What is meant by margin requirements? How does the Central Bank use this measure to control deflationary conditions in an economy?

Answer»

(a) What is meant by repo rate? How does the Central Bank use this measure to control inflationary conditions in an economy?

(b) What is meant by margin requirements? How does the Central Bank use this measure to control deflationary conditions in an economy?

Discussion

750.	How can the gap between capital expenditure and capital receipts be reduced without borrowing? Suggest two ways.
Answer» How can the gap between capital expenditure and capital receipts be reduced without borrowing? Suggest two ways.

Discussion

Explore topic-wise InterviewSolutions in .

What are the indications for the future of humankind?

What was Shock Therapy? Was this the best way to make a transition from communism to capitalism?

Open a 'T' shape account for machinery and put the following transactions on the proper side: ₹ (i) Machinery purchased 40,000 (ii) Machinery sold 10,000 (iii) Machinery purchased 8,000 (iv) Machinery discarded 14,000 (v) Depreciation on machinery 1,000

Suppose you have a French friend who is working in India as a doctor. Which of the following statements is true?

Write a short note on WTO.

Would you agree that promises made to poor children are rarely kept? Why do you think this happens in the incidents narrated in the text?

Enlist some problems faced by farmers during the initial years of organic farming.

Domain of function f(x)=a-x, a>0

Public transport in place of personal transport reduces environmental degradation.

Kudumbashree is a women-oriented community based poverty reduction programme being implemented in Kerala'. It is an example of which form of institutional credit?

Find current account balance from the following: Items(Rs in crores)(i) Capital account balance80(ii) Export of services20(iii) Balance of visible trade50(iv) Transfers from one country to an another country5

What is seasonal unemployment? Suggest measures for reducing this kind of unemployment in India.

What is the range of A - band ?

Find out the appropriate word which fits the 3rd blank.

Reconnais-tu ces sportifs célèbres ?

Which of the following transactions are recorded in the current account of the balance of payments?

Calculate trade balance if exports are 500 and imports are 900.

The Industrial Policy Resolution, 1956 has categorised industries on the basis of ownership. Discuss.

If the government spending multiplier is found to be 1, what is the marginal propensity to consume?

Would the central bank need to intervene in a managed floating system? Explain.

Saving function is the functional relationship between

In the post industrial period, ___ was the driver of economic growth.

According to official national estimates, India has achieved which of the following Millennium Development Goals (MDGs): Codes :

A5E,D361,G91M,J170Q,?

There are various schemes launched by the Indian Government to eradicate poverty directly or indirectly. (i) Mention any four anti-poverty programmes launched by the government to eradicate poverty. (ii) What goals can be added to improve the result of these anti-poverty programmes?

What are the measures taken by government to provide medical aids to the slum areas?

Mention any three achievements of the green revolution.

Revenue deficit is estimated to be Rs. 20,000 crore, and borrowing is estimated to be Rs. 15,000 crore. If expenditure on interest payments is estimated to be 50% of the revenue deficit, find fiscal deficit and primary deficit.

Distinguish between revenue budget and capital budget.

Explain the 'paradox of thrift'.

Find the principalvalue of

In which of the following categories are the transactions of balance of trade recorded?

Measurethe level of ex-ante aggregate demand when autonomous investment andconsumption expenditure (A) is Rs 50 crores, and MPS is 0.2 and levelof income (Y) is Rs 4000 crores. State whether the economy is inequilibrium or not (cite reasons).

(a) How is China's experience different from that of India and Pakistan in industrial development? (b) What is the key measurement of human development?

What is paper pattern for JEE advanced and what are the topics that are important how to get 250+ in JEE advanced

Bank rate is the rate at which

In which year was the Integrated Child Development Service (ICDS) introduced?

Write a letter to your friend narrating your experiences in a rescue operation.

Write the full form of the term EBIT.

Current Assets ₹ 3,00,000; Inventories ₹ 60,000; Working Capital ₹ 2,52,000.Calculate Quick Ratio.

What had been put up on the bulletin-board?

Discusssome of the exchange rate arrangements that countries have enteredinto to bring about stability in their external accounts.

Which of the statements are TRUE about the causes of globalisation?a. Technology is an important cause of globalisation.b. Globalisation is caused by a particular community of people.c. Globalisation originated in the US.d. Economic interdependence alone causes globalisation.

According to the passage, all the following aspects of the historical development of finance have been covered in professor Ferguson's book EXCEPT:

(a) What is meant by repo rate? How does the Central Bank use this measure to control inflationary conditions in an economy? (b) What is meant by margin requirements? How does the Central Bank use this measure to control deflationary conditions in an economy?

How can the gap between capital expenditure and capital receipts be reduced without borrowing? Suggest two ways.