2044 + Interview Questions in Economics Page 6 InterviewSolution

251.	From the following data, calculate Net Value Added at factor cost : S. No.Items(Rs. in crores)(i) Sales1,200(ii) Decrease in stock(−)80(iii) Production for self consumption100(iv) Single use producer goods300(v) Exports150(vi) Electricity charges50(vii) Excise duty70(viii) Subsidy40
Answer» From the following data, calculate Net Value Added at factor cost : $\begin{matrix} S. No. & Items & (Rs. in crores) (i) & Sales & 1, 200 (i i) & Decrease in stock & (-) 80 (i i i) & Production for self consumption & 100 (i v) & Single use producer goods & 300 (v) & Exports & 150 (v i) & Electricity charges & 50 (v i i) & Excise duty & 70 (v i i i) & Subsidy & 40 \end{matrix}$

251.

From the following data, calculate Net Value Added at factor cost : S. No.Items(Rs. in crores)(i) Sales1,200(ii) Decrease in stock(−)80(iii) Production for self consumption100(iv) Single use producer goods300(v) Exports150(vi) Electricity charges50(vii) Excise duty70(viii) Subsidy40

Answer»

From the following data, calculate Net Value Added at factor cost :

$\begin{matrix} S. No. & Items & (Rs. in crores) (i) & Sales & 1, 200 (i i) & Decrease in stock & (-) 80 (i i i) & Production for self consumption & 100 (i v) & Single use producer goods & 300 (v) & Exports & 150 (v i) & Electricity charges & 50 (v i i) & Excise duty & 70 (v i i i) & Subsidy & 40 \end{matrix}$

253.	Distinguish between statement of affairs and balance sheet.
Answer» Distinguish between statement of affairs and balance sheet.

254.	Which of the following is not correct?
Answer» Which of the following is not correct?

255.	Why did "Growth-oriented Approach" of the government prove to be ineffective?
Answer» Why did "Growth-oriented Approach" of the government prove to be ineffective?

256.	Read the three extracts in the chapter from the Lok Sabha debate on the Indo-US deal. Develop any one of these into a full speech defending a certain position on Indo-US relations.
Answer» Read the three extracts in the chapter from the Lok Sabha debate on the Indo-US deal. Develop any one of these into a full speech defending a certain position on Indo-US relations.

258.	Visible imports include:
Answer» Visible imports include:

259.	Explain the vicious circle of poverty.
Answer» Explain the vicious circle of poverty.

260.	What did the peasants pay the British landlords as rent? What did the British now want instead and why? What would be the impact of synthetic indigo on the prices of natural indigo?
Answer» What did the peasants pay the British landlords as rent? What did the British now want instead and why? What would be the impact of synthetic indigo on the prices of natural indigo?

261.	NAM was considered a ‘third option’ by Third World countries. How did this option benefit their growth during the peak of the Cold War?
Answer» NAM was considered a ‘third option’ by Third World countries. How did this option benefit their growth during the peak of the Cold War?

262.	Financial help to a victim is:
Answer» Financial help to a victim is:

263.	What do you mean by the error of double counting?
Answer» What do you mean by the error of double counting?

264.	What is the impact of surplus budget on AD?
Answer» What is the impact of surplus budget on AD?

265.	Who supplies money in India?
Answer» Who supplies money in India?

267.	वामीरोंने तताँरा कोबोरूखी से क्याजवाब दिया?
Answer» वामीरों ने तताँरा को बोरूखी से क्या जवाब दिया?

268.	What is‘effective demand’? How will you derive the autonomousexpenditure multiplier when price of final goods and the rate ofinterest are given?
Answer» What is ‘effective demand’? How will you derive the autonomous expenditure multiplier when price of final goods and the rate of interest are given?

271.	1. So a part of the idea of near-zero interest rates in the US is to discourage saving and to encourage borrowing. 2. It seems hard these days to find anyone who has a good word for savings, or savers. 3. There has been talk of a global "savings glut" for a decade now, and Ben Bernanke the former chief of the US Federal Reserve, one of the original proponents,still sees the concept as a "useful perspective" for understanding current economic conditions. 4. The perceived problem is that money saved is not money spent and thus the effect of saving is to reduce aggregate demand; by keeping a dollar in your pocket, you deprive a neighbor of employment. 5. This is the "paradox of thrift"; if everyone tries to save too much, the economy will contract and the average person will be poorer, not richer. ___
Answer» 1. So a part of the idea of near-zero interest rates in the US is to discourage saving and to encourage borrowing. 2. It seems hard these days to find anyone who has a good word for savings, or savers. 3. There has been talk of a global "savings glut" for a decade now, and Ben Bernanke the former chief of the US Federal Reserve, one of the original proponents,still sees the concept as a "useful perspective" for understanding current economic conditions. 4. The perceived problem is that money saved is not money spent and thus the effect of saving is to reduce aggregate demand; by keeping a dollar in your pocket, you deprive a neighbor of employment. 5. This is the "paradox of thrift"; if everyone tries to save too much, the economy will contract and the average person will be poorer, not richer. ___

272.	Did the peddler expect the kind of hospitality that he received from the crofter?
Answer» Did the peddler expect the kind of hospitality that he received from the crofter?

273.	Which concept of poverty helps to assess the level of inequality in the country?
Answer» Which concept of poverty helps to assess the level of inequality in the country?

274.	Commercial banks do not have the note-issuing authority, but they do contribute to the money supply in the economy. Comment.
Answer» Commercial banks do not have the note-issuing authority, but they do contribute to the money supply in the economy. Comment.

275.	What do you mean by 'channels of distribution'? What functions do they play in the distribution of goods and services? Explain.
Answer» What do you mean by 'channels of distribution'? What functions do they play in the distribution of goods and services? Explain.

276.	Every room becomes dirty if not cleaned. Let's clean our classroom while singing this poem.I'm going to sweep the dirt away,I'm going to sweep the dirt away,I'm going to sweep the dirt away.Woosh, woosh, woosh.
Answer» Every room becomes dirty if not cleaned. Let's clean our classroom while singing this poem. I'm going to sweep the dirt away, I'm going to sweep the dirt away, I'm going to sweep the dirt away. Woosh, woosh, woosh.

277.	In a bank principal increases at the rate of r% per year. Find the value of r if Rs.100 double itself in 10 yr(log2=0.6391).
Answer» In a bank principal increases at the rate of r% per year. Find the value of r if Rs.100 double itself in 10 yr(log2=0.6391).

278.	1. How would the recent phenomena of protectionism and currency manipulations in world trade affect macroeconomic stability of India?
Answer» 1. How would the recent phenomena of protectionism and currency manipulations in world trade affect macroeconomic stability of India?

279.	Give two examples of capital expenditure.
Answer» Give two examples of capital expenditure.

280.	How does geographical proximity influence the formation of regional organisations?
Answer» How does geographical proximity influence the formation of regional organisations?

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From the following data, calculate Net Value Added at factor cost : S. No.Items(Rs. in crores)(i) Sales1,200(ii) Decrease in stock(−)80(iii) Production for self consumption100(iv) Single use producer goods300(v) Exports150(vi) Electricity charges50(vii) Excise duty70(viii) Subsidy40

Distinguish between statement of affairs and balance sheet.

Which of the following is not correct?

Why did "Growth-oriented Approach" of the government prove to be ineffective?

Read the three extracts in the chapter from the Lok Sabha debate on the Indo-US deal. Develop any one of these into a full speech defending a certain position on Indo-US relations.

In economics, which of the following is not a function of the entrepreneur?(a) Risk-taking(b) Provision of capital and organization of production(c) Innovation(d) Day to Day conduct of business

Visible imports include:

Explain the vicious circle of poverty.

What did the peasants pay the British landlords as rent? What did the British now want instead and why? What would be the impact of synthetic indigo on the prices of natural indigo?

NAM was considered a ‘third option’ by Third World countries. How did this option benefit their growth during the peak of the Cold War?

Financial help to a victim is:

What do you mean by the error of double counting?

What is the impact of surplus budget on AD?

Who supplies money in India?

The graph above shows the effects of an action taken by RBI. Which of the following is a reason that the central bank would take actions that lead to the change shown in this graph?

वामीरोंने तताँरा कोबोरूखी से क्याजवाब दिया?

What is‘effective demand’? How will you derive the autonomousexpenditure multiplier when price of final goods and the rate ofinterest are given?

Whatis a budget line?

Did the peddler expect the kind of hospitality that he received from the crofter?

Which concept of poverty helps to assess the level of inequality in the country?

Commercial banks do not have the note-issuing authority, but they do contribute to the money supply in the economy. Comment.

What do you mean by 'channels of distribution'? What functions do they play in the distribution of goods and services? Explain.

Every room becomes dirty if not cleaned. Let's clean our classroom while singing this poem.I'm going to sweep the dirt away,I'm going to sweep the dirt away,I'm going to sweep the dirt away.Woosh, woosh, woosh.

In a bank principal increases at the rate of r% per year. Find the value of r if Rs.100 double itself in 10 yr(log2=0.6391).

1. How would the recent phenomena of protectionism and currency manipulations in world trade affect macroeconomic stability of India?

Give two examples of capital expenditure.

How does geographical proximity influence the formation of regional organisations?

The public expenditure management is a challenge to the Government of India in context of budget making during the post liberalization period. Clarify it.

Q8. Consider the following statements with respect to Letter of Credit: 1. Letter of Credit is an instrument for assured payments. 2. It is an undertaking of the issuing bank to make payment to the beneficiary. Which of the above statements are correct?

Consider the following statements about wetlands. Which of the following is incorrect?

"सच? राजम बड़ा बहादुर लड़का है।" स्वामी को क्यों लगा कि दादी ने यह बात उसे खुश करने के लिए कही?

The Bharatiya Kisan Union is a leading organisation highlighting the plight of farmers. What were the issues addressed by it in the nineties and to what extent were they successful?

Calculate balance of trade if the following data is given: Imports of Oil600Exports of spices200Exports of Books300Import of Tourism300

Mention the important objectives of land reforms in India?

Landfill tax is imposed ina) Swedenb) India

Why is unemployment in India considered to be a chronic problem?

Calculate the value of imports when the balance of trade (merchandise) is (-) Rs 800 crores and the value of exports is Rs 500 crores.

What will be the value of multiplier if all of the additional income is converted into additional consumption?

is the least liquid measure of money supply.

What were the geographical advantages which benefitted USA in its early stages?

Discuss in small groups.The economic well-being of a country depends on a balanced development of the villages and the cities.

Write down some of the limitations of using GDP as an index of welfare of a country.

What is worldwide interconnectedness? What are its components?

Personal disposable income is equal to

281.	The public expenditure management is a challenge to the Government of India in context of budget making during the post liberalization period. Clarify it.
Answer» The public expenditure management is a challenge to the Government of India in context of budget making during the post liberalization period. Clarify it.

283.	Consider the following statements about wetlands. Which of the following is incorrect?
Answer» Consider the following statements about wetlands. Which of the following is incorrect?

284.	"सच? राजम बड़ा बहादुर लड़का है।" स्वामी को क्यों लगा कि दादी ने यह बात उसे खुश करने के लिए कही?
Answer» "सच? राजम बड़ा बहादुर लड़का है।" स्वामी को क्यों लगा कि दादी ने यह बात उसे खुश करने के लिए कही?

285.	The Bharatiya Kisan Union is a leading organisation highlighting the plight of farmers. What were the issues addressed by it in the nineties and to what extent were they successful?
Answer» The Bharatiya Kisan Union is a leading organisation highlighting the plight of farmers. What were the issues addressed by it in the nineties and to what extent were they successful?

288.	Mention the important objectives of land reforms in India?
Answer» Mention the important objectives of land reforms in India?

289.	Landfill tax is imposed ina) Swedenb) India
Answer» Landfill tax is imposed in a) Sweden b) India

290.	Why is unemployment in India considered to be a chronic problem?
Answer» Why is unemployment in India considered to be a chronic problem?

291.	Calculate the value of imports when the balance of trade (merchandise) is (-) Rs 800 crores and the value of exports is Rs 500 crores.
Answer» Calculate the value of imports when the balance of trade (merchandise) is (-) Rs 800 crores and the value of exports is Rs 500 crores.

292.	What will be the value of multiplier if all of the additional income is converted into additional consumption?
Answer» What will be the value of multiplier if all of the additional income is converted into additional consumption?

293.	is the least liquid measure of money supply.
Answer» is the least liquid measure of money supply.