2044 + Interview Questions in Economics Page 7 InterviewSolution

301.	In the chapter, 'commercialisation of agriculture' has been cited as a reason for the dismal state of farmers at the time of Independence. In the context of the present time, do you think that such a concern over commercialisation of agriculture is justified?
Answer» In the chapter, 'commercialisation of agriculture' has been cited as a reason for the dismal state of farmers at the time of Independence. In the context of the present time, do you think that such a concern over commercialisation of agriculture is justified?

Discussion

302.	Which of the following categories does public debt belong to?
Answer» Which of the following categories does public debt belong to?

Discussion

303.	What is the relationship between the demand for foreign exchange and exchange rate?
Answer» What is the relationship between the demand for foreign exchange and exchange rate?

Discussion

304.	Explain the three dimensional tackle on poverty adopted by the government.
Answer» Explain the three dimensional tackle on poverty adopted by the government.

Discussion

305.	Write down the three identities of calculating the GDP of a country by the three methods. Also briefly explain why each of these should give us the same value of GDP.
Answer» Write down the three identities of calculating the GDP of a country by the three methods. Also briefly explain why each of these should give us the same value of GDP.

Discussion

306.	What are the essential features of i. Liberalisationii. Privatisationiii. Globalisation
Answer» What are the essential features of i. Liberalisation ii. Privatisation iii. Globalisation

306.

What are the essential features of i. Liberalisationii. Privatisationiii. Globalisation

Answer»

What are the essential features of

i. Liberalisation

ii. Privatisation

iii. Globalisation

Discussion

307.	Q15) Consider the statements: 1. Marginal productivity is zero. 2.In agriculture, this type is rampant. The type of unemployment referred to here is
Answer» Q15) Consider the statements: 1. Marginal productivity is zero. 2.In agriculture, this type is rampant. The type of unemployment referred to here is

307.

Q15) Consider the statements: 1. Marginal productivity is zero. 2.In agriculture, this type is rampant. The type of unemployment referred to here is

Answer»

Q15) Consider the statements:

1. Marginal productivity is zero.

2.In agriculture, this type is rampant.

The type of unemployment referred to here is

Discussion

308.	Securities of both the central and state governments like treasury bills are called
Answer» Securities of both the central and state governments like treasury bills are called

Discussion

309.	What are the main functions of money? How does money overcome the shortcomings of a barter system?
Answer» What are the main functions of money? How does money overcome the shortcomings of a barter system?

Discussion

310.	Explain speculative and transaction demands for money.
Answer» Explain speculative and transaction demands for money.

Discussion

311.	In a practical unit, if the unit of mass becomes half, then 8 Joule will be equal to _______ unit of work.a. 6b. 1c. 4d. 10
Answer» In a practical unit, if the unit of mass becomes half, then 8 Joule will be equal to _______ unit of work. a. 6 b. 1 c. 4 d. 10

Discussion

312.	In an economy income increases by Rs. 10,000 as a result of a rise in investment expenditure by Rs. 1,000. Calculate: (a) Investment Multiplier (b) Marginal Propensity to Consume OR Differentiate between full employment equilibrium and under employment equilibrium with the help of a diagram.
Answer» In an economy income increases by Rs. 10,000 as a result of a rise in investment expenditure by Rs. 1,000. Calculate: (a) Investment Multiplier (b) Marginal Propensity to Consume OR Differentiate between full employment equilibrium and under employment equilibrium with the help of a diagram.

312.

In an economy income increases by Rs. 10,000 as a result of a rise in investment expenditure by Rs. 1,000. Calculate: (a) Investment Multiplier (b) Marginal Propensity to Consume OR Differentiate between full employment equilibrium and under employment equilibrium with the help of a diagram.

Answer»

In an economy income increases by Rs. 10,000 as a result of a rise in investment expenditure by Rs. 1,000. Calculate:

(a) Investment Multiplier

(b) Marginal Propensity to Consume

OR

Differentiate between full employment equilibrium and under employment equilibrium with the help of a diagram.

Discussion

313.	(dummy - to be replaced with video) The capital receipt is that receipt of the government which
Answer» (dummy - to be replaced with video) The capital receipt is that receipt of the government which

Discussion

314.	Describe the procedure to prepare cash flow statement.
Answer» Describe the procedure to prepare cash flow statement.

Discussion

315.	The total amount of currency notes and coins in circulation is called .
Answer» The total amount of currency notes and coins in circulation is called .

Discussion

316.	Institutions with the facilities of X-Ray, ECG and surgery are:
Answer» Institutions with the facilities of X-Ray, ECG and surgery are:

Discussion

317.	Mention any two components which are included in social infrastructure.
Answer» Mention any two components which are included in social infrastructure.

Discussion

318.	Distinguish between leaders and managers.
Answer» Distinguish between leaders and managers.

Discussion

319.	Why do you think the servants thought Gandhi to be another peasant?
Answer» Why do you think the servants thought Gandhi to be another peasant?

Discussion

320.	Which of the following categories does savings deposits belong to?
Answer» Which of the following categories does savings deposits belong to?

Discussion

321.	A bank which accepts deposits from the public but does not perform the function of lending is the
Answer» A bank which accepts deposits from the public but does not perform the function of lending is the

Discussion

322.

From the following Balance Sheet of Akash Ltd. as at 31st March 2014: Particulars Note No. 31st March, 2014 (₹) 31 March, 2013 (₹) I. EQUITY AND LIABILITES 1. Shareholders' Funds (a) Share Capital 15,00,000 14,00,000 (b) Reserves and Surplus 1 2,50,000 1,10,000 2. Non-Current Liabilities Long-term Borrowings 2,00,000 1,25,000 3. Current Liabilities (a) Short-term Borrowings 2 12,000 10,000 (b) Trade Payables 15,000 83,000 (c) Short-term Provisions 3 18,000 11,000 Total 19,95,000 17,39,000 II. ASSETS 1. Non-Current Assets Fixed Assets: (i) Tangible Assets 4 18,60,000 16,10,000 (ii) Intangible Assets 5 50,000 30,000 2. Current Assets (a) Current Investments 8,000 5,000 (b) Inventories 37,000 59,000 (c) Trade Receivables 26,000 23,000 (d) Cash and Cash Equivalents 14,000 12,000 Total 19,95,000 17,39,000 Notes to Accounts : Particulars 31st March, 2014 (₹) 31st March, 2013 (₹) 1. Reserves and Surplus Surplus, i.e., Balance in Statement of Profit and Loss 2,50,000 1,10,000 2. Short-term Borrowings : Bank Overdraft 12,000 10,000 3. Short-term Provisions Provision for Tax 18,000 11,000 4. Tangible Assets : Machinery 20,00,000 17,00,000 Less: Accumulated Depreciation (1,40,000) (90,000) 18,60,000 16,10,000 5. Intangible Assets Patents 50,000 30,000 Additional Information : (i) Tax paid during the year amounted to ₹ 16,000.(ii) machine with a net book value of ₹ 10,000 (Accumulated Depreciation ₹ 40,000) was sold for ₹ 2,000.Prepare Cash Flow Statement.

Answer» From the following Balance Sheet of Akash Ltd. as at 31st March 2014:


Particulars	Note No.	31st March, 2014 (₹)	31 March, 2013 (₹)
I. EQUITY AND LIABILITES 1. Shareholders' Funds
(a) Share Capital		15,00,000	14,00,000
(b) Reserves and Surplus	1	2,50,000	1,10,000
2. Non-Current Liabilities
Long-term Borrowings		2,00,000	1,25,000
3. Current Liabilities
(a) Short-term Borrowings	2	12,000	10,000
(b) Trade Payables		15,000	83,000
(c) Short-term Provisions	3	18,000	11,000
Total		19,95,000	17,39,000
II. ASSETS
1. Non-Current Assets
Fixed Assets:
(i) Tangible Assets	4	18,60,000	16,10,000
(ii) Intangible Assets	5	50,000	30,000
2. Current Assets
(a) Current Investments		8,000	5,000
(b) Inventories		37,000	59,000
(c) Trade Receivables		26,000	23,000
(d) Cash and Cash Equivalents		14,000	12,000
Total		19,95,000	17,39,000

Notes to Accounts :
Particulars	31st March, 2014 (₹)	31st March, 2013 (₹)
1. Reserves and Surplus
Surplus, i.e., Balance in Statement of Profit and Loss	2,50,000	1,10,000
2. Short-term Borrowings :
Bank Overdraft	12,000	10,000
3. Short-term Provisions
Provision for Tax	18,000	11,000
4. Tangible Assets :
Machinery	20,00,000	17,00,000
Less: Accumulated Depreciation	(1,40,000)	(90,000)
	18,60,000	16,10,000
5. Intangible Assets
Patents	50,000	30,000

Additional Information :

(i) Tax paid during the year amounted to ₹ 16,000.

(ii) machine with a net book value of ₹ 10,000 (Accumulated Depreciation ₹ 40,000) was sold for ₹ 2,000.

Prepare Cash Flow Statement.

Discussion

323.	What is relative abundance and how to calculate ?
Answer» What is relative abundance and how to calculate ?

Discussion

324.	Transfer payments means:
Answer» Transfer payments means:

Discussion

325.	Remplissez les tirets avec les noms des couleurs.
Answer» Remplissez les tirets avec les noms des couleurs.

Discussion

326.	Which of the following is NOT included in the budget for a business?
Answer» Which of the following is NOT included in the budget for a business?

Discussion

327.	On 1st July, 2014 Ashok Ltd purchased a machine for Rs. 1,08,000 and spent Rs. 12,000 on its installation. At the time of purchase, it was estimated that the effective commerical life of the machine will be 12 years and after 12 year, its salvage value will be Rs. 12,000. Pass necessary journal entries and prepare machinery account and depreciation account in the books of Ashok Ltd for first 3 years, if depreciation is written-off according to straight line method. The accounts are closed on 31st December, every year.
Answer» On 1st July, 2014 Ashok Ltd purchased a machine for Rs. 1,08,000 and spent Rs. 12,000 on its installation. At the time of purchase, it was estimated that the effective commerical life of the machine will be 12 years and after 12 year, its salvage value will be Rs. 12,000. Pass necessary journal entries and prepare machinery account and depreciation account in the books of Ashok Ltd for first 3 years, if depreciation is written-off according to straight line method. The accounts are closed on 31st December, every year.

Discussion

328.	Arrange the following in chronological order:a. Soviet invasion of Afghanistanb. Fall of the Berlin Wallc. Disintegration of the Soviet Uniond. Russian Revolution
Answer» Arrange the following in chronological order: a. Soviet invasion of Afghanistan b. Fall of the Berlin Wall c. Disintegration of the Soviet Union d. Russian Revolution

Discussion

329.	what is the real value of(0.000314 + 0.000198)raise to 1 by 3?
Answer» what is the real value of(0.000314 + 0.000198)raise to 1 by 3?

Discussion

330.	On 31st March, 2018, after the closing of the accounts, the Capital Accounts of P, Q and R stood in the books of the firm at ₹ 40,000; ₹ 30,000 and ₹ 20,000 respectively. Subsequently, it was discovered that interest on capital 5% had been omitted. Profit for the year ended 31st March, 2018 amounted to ₹ 60,000 and the partners' drawings had been P–₹ 10,000, Q–₹ 7,500 and R–₹ 4,500. The profit-sharing ratio of P, Q and R is 3 : 2 : 1. Give necessary adjustment entry.
Answer» On 31st March, 2018, after the closing of the accounts, the Capital Accounts of P, Q and R stood in the books of the firm at ₹ 40,000; ₹ 30,000 and ₹ 20,000 respectively. Subsequently, it was discovered that interest on capital 5% had been omitted. Profit for the year ended 31st March, 2018 amounted to ₹ 60,000 and the partners' drawings had been P–₹ 10,000, Q–₹ 7,500 and R–₹ 4,500. The profit-sharing ratio of P, Q and R is 3 : 2 : 1. Give necessary adjustment entry.

Discussion

331.	Rate of interest on loans - Rate of interest on deposits is called ___ .
Answer» Rate of interest on loans - Rate of interest on deposits is called ___ .

Discussion

332.	The full form of 'repo' is repurchase operation. What is the significance of repurchase?
Answer» The full form of 'repo' is repurchase operation. What is the significance of repurchase?

Discussion

333.	Read the following dialogue between Neeta and Sita: Neeta: I want to shift to Singapore. What do I do with my house? Sita: I can give you '10 antique pieces' for it. Neeta: But, I do not need antique pieces. Sita: Then, let the house remain where it is. Which of the following problems is being faced by Neeta and Sita in their exchange process? (a) Lack of medium of exchange (b) Lack of transfer of value (c) Lack of store of value (d) Lack of standard for deferred payment
Answer» Read the following dialogue between Neeta and Sita: Neeta: I want to shift to Singapore. What do I do with my house? Sita: I can give you '10 antique pieces' for it. Neeta: But, I do not need antique pieces. Sita: Then, let the house remain where it is. Which of the following problems is being faced by Neeta and Sita in their exchange process? (a) Lack of medium of exchange (b) Lack of transfer of value (c) Lack of store of value (d) Lack of standard for deferred payment

333.

Read the following dialogue between Neeta and Sita: Neeta: I want to shift to Singapore. What do I do with my house? Sita: I can give you '10 antique pieces' for it. Neeta: But, I do not need antique pieces. Sita: Then, let the house remain where it is. Which of the following problems is being faced by Neeta and Sita in their exchange process? (a) Lack of medium of exchange (b) Lack of transfer of value (c) Lack of store of value (d) Lack of standard for deferred payment

Answer»

Read the following dialogue between Neeta and Sita:

Neeta: I want to shift to Singapore. What do I do with my house?

Sita: I can give you '10 antique pieces' for it.

Neeta: But, I do not need antique pieces.

Sita: Then, let the house remain where it is.

Which of the following problems is being faced by Neeta and Sita in their exchange process?

(a) Lack of medium of exchange

(b) Lack of transfer of value

(c) Lack of store of value

(d) Lack of standard for deferred payment

Discussion

334.	Though public sector is very essential for industries, many public sector undertakings incur huge losses and are a drain on the economy's resources. Discuss the usefulness of public sector undertakings in the light of this fact.
Answer» Though public sector is very essential for industries, many public sector undertakings incur huge losses and are a drain on the economy's resources. Discuss the usefulness of public sector undertakings in the light of this fact.

Discussion

335.	Suppose C = 40 + 0.8YD, T = 50, I = 60, G = 40, X = 90, M = 50 + 0.05Y. In the above example, if exports change to X = 100, find the change in equilibrium income and the net exports balance.
Answer» Suppose C = 40 + 0.8YD, T = 50, I = 60, G = 40, X = 90, M = 50 + 0.05Y. In the above example, if exports change to X = 100, find the change in equilibrium income and the net exports balance.

335.

Suppose C = 40 + 0.8YD, T = 50, I = 60, G = 40, X = 90, M = 50 + 0.05Y. In the above example, if exports change to X = 100, find the change in equilibrium income and the net exports balance.

Answer»

Suppose C = 40 + 0.8YD, T = 50, I = 60, G = 40, X = 90, M = 50 + 0.05Y.

In the above example, if exports change to X = 100, find the change in equilibrium income and the net exports balance.

Discussion

336.	What are different sources of data on unemployment?
Answer» What are different sources of data on unemployment?

Discussion

337.	In an economy, the ratio of MPC and MPS is 7:3. How much increase in income will increase the consumption by Rs 350 crores? OR In an economy, C = 300 + 0.5 Y and investment is 600. What will be the equilibrium level of income and consumption?
Answer» In an economy, the ratio of MPC and MPS is 7:3. How much increase in income will increase the consumption by Rs 350 crores? OR In an economy, C = 300 + 0.5 Y and investment is 600. What will be the equilibrium level of income and consumption?

337.

In an economy, the ratio of MPC and MPS is 7:3. How much increase in income will increase the consumption by Rs 350 crores? OR In an economy, C = 300 + 0.5 Y and investment is 600. What will be the equilibrium level of income and consumption?

Answer»

In an economy, the ratio of MPC and MPS is 7:3. How much increase in income will increase the consumption by Rs 350 crores?

OR

In an economy, C = 300 + 0.5 Y and investment is 600. What will be the equilibrium level of income and consumption?

Discussion

338.	At the time of Independence, moneylenders and traders exploited small and marginal farmers and landless labourers by lending to them on high interest rates and by manipulating the accounts to keep them in a debt trap. A major change occurred after 1969 when India adopted social banking and multi-agency approach to adequately meet the needs of rural credit. Can you highlight values violated by moneylenders and traders?
Answer» At the time of Independence, moneylenders and traders exploited small and marginal farmers and landless labourers by lending to them on high interest rates and by manipulating the accounts to keep them in a debt trap. A major change occurred after 1969 when India adopted social banking and multi-agency approach to adequately meet the needs of rural credit. Can you highlight values violated by moneylenders and traders?

Discussion

339.	The difference between national and domestic income is:
Answer» The difference between national and domestic income is:

Discussion

340.	Mention the various dimensions of business environment.
Answer» Mention the various dimensions of business environment.

Discussion

341.	Why did the superpowers have military alliances with smaller countries? Give three reasons.
Answer» Why did the superpowers have military alliances with smaller countries? Give three reasons.

Discussion

342.	What were the reasons to implement new economic policy of India?
Answer» What were the reasons to implement new economic policy of India?

Discussion

343.	Which of the following hampered the growth of industries in the economy?
Answer» Which of the following hampered the growth of industries in the economy?

Discussion

344.	(क) क्या बूढ़ी अम्मा पहले से जानती थीं कि एक्की और दोक्की उनके घर आने वाली हैं? तुम्हें कैसे पता चला? (ख) दोक्की का मेहँदी की झाड़ी और गाय पर ध्यान क्यों नहीं गया? (ग) एक्की ने झाड़ी और गाय की मदद कैसे की?
Answer» (क) क्या बूढ़ी अम्मा पहले से जानती थीं कि एक्की और दोक्की उनके घर आने वाली हैं? तुम्हें कैसे पता चला? (ख) दोक्की का मेहँदी की झाड़ी और गाय पर ध्यान क्यों नहीं गया? (ग) एक्की ने झाड़ी और गाय की मदद कैसे की?

344.

(क) क्या बूढ़ी अम्मा पहले से जानती थीं कि एक्की और दोक्की उनके घर आने वाली हैं? तुम्हें कैसे पता चला? (ख) दोक्की का मेहँदी की झाड़ी और गाय पर ध्यान क्यों नहीं गया? (ग) एक्की ने झाड़ी और गाय की मदद कैसे की?

Answer»

(क) क्या बूढ़ी अम्मा पहले से जानती थीं कि एक्की और दोक्की उनके घर आने वाली हैं? तुम्हें कैसे पता चला?

(ख) दोक्की का मेहँदी की झाड़ी और गाय पर ध्यान क्यों नहीं गया?

(ग) एक्की ने झाड़ी और गाय की मदद कैसे की?

Discussion

345.	How is human development a broader term as compared to human capital?
Answer» How is human development a broader term as compared to human capital?

Discussion

346.	Why is it necessary to become a member of WTO?
Answer» Why is it necessary to become a member of WTO?

Discussion

347.	a healthy person eat the following diet -5gm raw sugar, 4gm albumin, 10 g buffalo ghee with 2 GM vegetables ghee and5 gm lignin. How many calories he is likely to get ?
Answer» a healthy person eat the following diet -5gm raw sugar, 4gm albumin, 10 g buffalo ghee with 2 GM vegetables ghee and5 gm lignin. How many calories he is likely to get ?

Discussion

348.	What made the peddler finally change his ways?
Answer» What made the peddler finally change his ways?

Discussion

349.	Spread refers to the:
Answer» Spread refers to the:

Discussion

350.	Provethat:
Answer» Prove that:

Discussion

Explore topic-wise InterviewSolutions in .

In the chapter, 'commercialisation of agriculture' has been cited as a reason for the dismal state of farmers at the time of Independence. In the context of the present time, do you think that such a concern over commercialisation of agriculture is justified?

Which of the following categories does public debt belong to?

What is the relationship between the demand for foreign exchange and exchange rate?

Explain the three dimensional tackle on poverty adopted by the government.

Write down the three identities of calculating the GDP of a country by the three methods. Also briefly explain why each of these should give us the same value of GDP.

What are the essential features of i. Liberalisationii. Privatisationiii. Globalisation

Q15) Consider the statements: 1. Marginal productivity is zero. 2.In agriculture, this type is rampant. The type of unemployment referred to here is

Securities of both the central and state governments like treasury bills are called

What are the main functions of money? How does money overcome the shortcomings of a barter system?

Explain speculative and transaction demands for money.

In a practical unit, if the unit of mass becomes half, then 8 Joule will be equal to _______ unit of work.a. 6b. 1c. 4d. 10

In an economy income increases by Rs. 10,000 as a result of a rise in investment expenditure by Rs. 1,000. Calculate: (a) Investment Multiplier (b) Marginal Propensity to Consume OR Differentiate between full employment equilibrium and under employment equilibrium with the help of a diagram.

(dummy - to be replaced with video) The capital receipt is that receipt of the government which

Describe the procedure to prepare cash flow statement.

The total amount of currency notes and coins in circulation is called .

Institutions with the facilities of X-Ray, ECG and surgery are:

Mention any two components which are included in social infrastructure.

Distinguish between leaders and managers.

Why do you think the servants thought Gandhi to be another peasant?

Which of the following categories does savings deposits belong to?

A bank which accepts deposits from the public but does not perform the function of lending is the

What is relative abundance and how to calculate ?

Transfer payments means:

Remplissez les tirets avec les noms des couleurs.

Which of the following is NOT included in the budget for a business?

Arrange the following in chronological order:a. Soviet invasion of Afghanistanb. Fall of the Berlin Wallc. Disintegration of the Soviet Uniond. Russian Revolution

what is the real value of(0.000314 + 0.000198)raise to 1 by 3?

Rate of interest on loans - Rate of interest on deposits is called ___ .

The full form of 'repo' is repurchase operation. What is the significance of repurchase?

Though public sector is very essential for industries, many public sector undertakings incur huge losses and are a drain on the economy's resources. Discuss the usefulness of public sector undertakings in the light of this fact.

Suppose C = 40 + 0.8YD, T = 50, I = 60, G = 40, X = 90, M = 50 + 0.05Y. In the above example, if exports change to X = 100, find the change in equilibrium income and the net exports balance.

What are different sources of data on unemployment?

In an economy, the ratio of MPC and MPS is 7:3. How much increase in income will increase the consumption by Rs 350 crores? OR In an economy, C = 300 + 0.5 Y and investment is 600. What will be the equilibrium level of income and consumption?

The difference between national and domestic income is:

Mention the various dimensions of business environment.

Why did the superpowers have military alliances with smaller countries? Give three reasons.

What were the reasons to implement new economic policy of India?

Which of the following hampered the growth of industries in the economy?

How is human development a broader term as compared to human capital?

Why is it necessary to become a member of WTO?

a healthy person eat the following diet -5gm raw sugar, 4gm albumin, 10 g buffalo ghee with 2 GM vegetables ghee and5 gm lignin. How many calories he is likely to get ?

What made the peddler finally change his ways?

Spread refers to the:

Provethat: