2044 + Interview Questions in Economics Page 9 InterviewSolution

401.	What are the objectives of privatisation?
Answer» What are the objectives of privatisation?

Discussion

402.	Suppose that the inflation is higher in country A than in country B, and the exchange rate between the two countries is fixed. What is likely to happen to the trade balance between the two countries?
Answer» Suppose that the inflation is higher in country A than in country B, and the exchange rate between the two countries is fixed. What is likely to happen to the trade balance between the two countries?

Discussion

403.	Maximise Z= x + y, subject to.
Answer» Maximise Z = x + y, subject to.

Discussion

404.

Given the following data and taking 2004 as the base year, construct index of prices using:(i) Laspeyre's Method, (ii) Paasche's Method, and (iii) Fisher's Method. Year Commodities A B C D Price Quantity Price Quantity Price Quantity Price Quantity 2004 2018 24 30 8 10 9 10 3 4 16 20 5 8 10 9 3 4

Answer» Given the following data and taking 2004 as the base year, construct index of prices using:

(i) Laspeyre's Method, (ii) Paasche's Method, and (iii) Fisher's Method.

Year	Commodities
	A		B		C		D
	Price	Quantity	Price	Quantity	Price	Quantity	Price	Quantity
2004 2018	24 30	8 10	9 10	3 4	16 20	5 8	10 9	3 4

Discussion

405.	Multiplier is estimated as
Answer» Multiplier is estimated as

Discussion

406.	Which of the following is not one of the recommendations of the Task Force on Co-operative Credit (Vaidyanathan Committee), 2004? 1.Increase the capital base of the co-operative institutions. 2.Increase their autonomy and reduce government control. 3.RBI to exercise direct control to enforce prudent financial management. 4.Build the capacity of the personnel,
Answer» Which of the following is not one of the recommendations of the Task Force on Co-operative Credit (Vaidyanathan Committee), 2004? 1.Increase the capital base of the co-operative institutions. 2.Increase their autonomy and reduce government control. 3.RBI to exercise direct control to enforce prudent financial management. 4.Build the capacity of the personnel,

406.

Which of the following is not one of the recommendations of the Task Force on Co-operative Credit (Vaidyanathan Committee), 2004? 1.Increase the capital base of the co-operative institutions. 2.Increase their autonomy and reduce government control. 3.RBI to exercise direct control to enforce prudent financial management. 4.Build the capacity of the personnel,

Answer»

Which of the following is not one of the recommendations of the Task Force on Co-operative Credit (Vaidyanathan Committee), 2004?

1.Increase the capital base of the co-operative institutions.

2.Increase their autonomy and reduce government control.

3.RBI to exercise direct control to enforce prudent financial management.

4.Build the capacity of the personnel,

Discussion

407.	Why do people prefer to be voluntarily unemployed?
Answer» Why do people prefer to be voluntarily unemployed?

Discussion

408.	Which of the following is a commonly accepted definition of money?
Answer» Which of the following is a commonly accepted definition of money?

Discussion

409.	Explain primary and secondary sources of energy.
Answer» Explain primary and secondary sources of energy.

Discussion

410.	Which of the following is the correct order in the evolution of money?
Answer» Which of the following is the correct order in the evolution of money?

Discussion

411.	Give the negative effects of the British rule in India.
Answer» Give the negative effects of the British rule in India.

Discussion

412.	Quantity measured at a particular point of time is called :
Answer» Quantity measured at a particular point of time is called :

Discussion

413.	There is an increase in investment by Rs. 200 crores. This has increased the income multifold. What will be the total increase in consumption if consumption function is C = 50 + 0.5Y?
Answer» There is an increase in investment by Rs. 200 crores. This has increased the income multifold. What will be the total increase in consumption if consumption function is C = 50 + 0.5Y?

Discussion

414.	The diameter of a wire as measured by a screw guage was found to be 0.026cm,0.028cm,0.029cm,0.027cm,0.024cm,0.027cm.Calculate 1)mean value of the diameter.2)mean absolute error.3)relative error.4)percentage error.Also express the result in terms of absolute and percentage error.
Answer» The diameter of a wire as measured by a screw guage was found to be 0.026cm,0.028cm,0.029cm,0.027cm,0.024cm,0.027cm.Calculate 1)mean value of the diameter.2)mean absolute error.3)relative error.4)percentage error.Also express the result in terms of absolute and percentage error.

Discussion

415.	The Education Commission in 1966 had recommended that at least 6% of GDP should be spent on education in India. However, even after 50 years of such a recommendation, the government continues to spend 3-4% of GDP on education. How has this affected the education sector in India? What value stands violated by the Central Government?
Answer» The Education Commission in 1966 had recommended that at least 6% of GDP should be spent on education in India. However, even after 50 years of such a recommendation, the government continues to spend 3-4% of GDP on education. How has this affected the education sector in India? What value stands violated by the Central Government?

Discussion

416.	Wouldn’t you be opposed to increase in price of petrol?
Answer» Wouldn’t you be opposed to increase in price of petrol?

Discussion

417.	Legal tender money is the currency notes issued by the
Answer» Legal tender money is the currency notes issued by the

Discussion

418.	43. how to get relationship between molality and molarity?
Answer» 43. how to get relationship between molality and molarity?

Discussion

419.	The goods that are consumed by the consumer is called:
Answer» The goods that are consumed by the consumer is called:

Discussion

420.	a freely falling body covers 44.1m in the last second of its journey.find the total distance travelled by the body?a)88.2 mb)66.2 mc)108.3 md)122.5 m
Answer» a freely falling body covers 44.1m in the last second of its journey.find the total distance travelled by the body? a)88.2 m b)66.2 m c)108.3 m d)122.5 m

Discussion

421.	Expenditure on law and order is a component of development expenditure.
Answer» Expenditure on law and order is a component of development expenditure.

Discussion

422.	Distinguish on any six basis between capital market and money market.
Answer» Distinguish on any six basis between capital market and money market.

Discussion

423.	Which of the following hampered the growth of India before the reforms?
Answer» Which of the following hampered the growth of India before the reforms?

Discussion

424.	How is quantitative credit control different from qualitative credit control?
Answer» How is quantitative credit control different from qualitative credit control?

Discussion

425.	What forces conspire to keep the workers in the bangle industry of Firozabad in poverty?
Answer» What forces conspire to keep the workers in the bangle industry of Firozabad in poverty?

Discussion

426.	Which of the following is/are implications of a fiscal deficit?
Answer» Which of the following is/are implications of a fiscal deficit?

Discussion

427.	Why do nations invest in Science?
Answer» Why do nations invest in Science?

Discussion

428.	The Assam movement was a combination of cultural pride and economic backwardness. Explain.
Answer» The Assam movement was a combination of cultural pride and economic backwardness. Explain.

Discussion

429.	Devaluation of currency means
Answer» Devaluation of currency means

Discussion

430.	The Ministry of Agriculture released Operational Guidelines for the Unified Package Insurance Scheme (UPIS) will provide insurance products to farmers, on the payment of a single premium. These products include: Which of the above statement(s) is/are correct?
Answer» The Ministry of Agriculture released Operational Guidelines for the Unified Package Insurance Scheme (UPIS) will provide insurance products to farmers, on the payment of a single premium. These products include: Which of the above statement(s) is/are correct?

Discussion

431.	If the length of a second pendulum is increase by 2 percent, then in a day the pendulum (1) Loses 764s (2) Loses 924s (3) Gain 236s (4) Loses 864s
Answer» If the length of a second pendulum is increase by 2 percent, then in a day the pendulum (1) Loses 764s (2) Loses 924s (3) Gain 236s (4) Loses 864s

Discussion

432.	8. How to find the domain and range of function?
Answer» 8. How to find the domain and range of function?

Discussion

433.	Which of the following prevents growth from converging to development?
Answer» Which of the following prevents growth from converging to development?

Discussion

434.	1. In recent years, there has been a proliferation of anti-poverty schemes with little attention being paid whether they supplement existing activities. A) The Employment Assurance Scheme which was begun in 1993 is meant to guarantee 100 days of employment in a year. B) While there is some justification for a separate programme to cover the poorer districts and blocks, there is doubt about the necessity for two such schemes. C) In the field of wage employment for the rural poor for instance, two programmes have been added to the Jawahar Rozgar Yojana. D) Subsequently the intensified JRY was launched in 120 backward districts where there is a concentration of unemployment and under-employment. 6. Belatedly realizing this duplication, the ministry of Rural Areas and Employment has now attempted some sort of merger. ___
Answer» 1. In recent years, there has been a proliferation of anti-poverty schemes with little attention being paid whether they supplement existing activities. A) The Employment Assurance Scheme which was begun in 1993 is meant to guarantee 100 days of employment in a year. B) While there is some justification for a separate programme to cover the poorer districts and blocks, there is doubt about the necessity for two such schemes. C) In the field of wage employment for the rural poor for instance, two programmes have been added to the Jawahar Rozgar Yojana. D) Subsequently the intensified JRY was launched in 120 backward districts where there is a concentration of unemployment and under-employment. 6. Belatedly realizing this duplication, the ministry of Rural Areas and Employment has now attempted some sort of merger. ___

Discussion

435.	Which of the following is not a Rabi crop?
Answer» Which of the following is not a Rabi crop?

Discussion

436.	Fiscal policy refers to the:
Answer» Fiscal policy refers to the:

Discussion

437.	Classify rural credit in different categories on the basis of time period.
Answer» Classify rural credit in different categories on the basis of time period.

Discussion

438.	What makes the European Union a highly influential regional organisation?
Answer» What makes the European Union a highly influential regional organisation?

Discussion

439.	"Open Market Operations" refers to:
Answer» "Open Market Operations" refers to:

Discussion

440.	Ageing is a natural process; have you ever thought what our elderly parents expect from us?
Answer» Ageing is a natural process; have you ever thought what our elderly parents expect from us?

Discussion

441.	What is the meaning of bilateral trade?
Answer» What is the meaning of bilateral trade?

Discussion

442.	In a population with equilibrial condition,3360 individuals out of 4000 are tongue roller,then what will be the number of individuals withheterozygous condition?(1) 1920(3) 2000(2) 1730(4) 1035
Answer» In a population with equilibrial condition,3360 individuals out of 4000 are tongue roller,then what will be the number of individuals withheterozygous condition?(1) 1920(3) 2000(2) 1730(4) 1035

Discussion

443.	Clearing and settlement operations of NSE are carried out by(a) NSDL(b) NSCCL(c) SBI(d) CDSL
Answer» Clearing and settlement operations of NSE are carried out by (a) NSDL (b) NSCCL (c) SBI (d) CDSL

443.

Clearing and settlement operations of NSE are carried out by(a) NSDL(b) NSCCL(c) SBI(d) CDSL

Answer»

Clearing and settlement operations of NSE are carried out by

(a) NSDL

(b) NSCCL

(c) SBI

(d) CDSL

Discussion

444.	Briefly explain the multiplier process.
Answer» Briefly explain the multiplier process.

Discussion

445.	State whether the following expenses are capital or revenue in nature:(i) Expenses on whitewashing and painting of a building purchased to make it ready for use.(ii) ₹ 10,000 spent on constructing platform for a new machine.(iii) Repair expenses of ₹ 25,000 incurred for whitewashing of factory building.(iv) Insurance premium paid as renewal premium.(v) Purchased a new car.
Answer» State whether the following expenses are capital or revenue in nature: (i) Expenses on whitewashing and painting of a building purchased to make it ready for use. (ii) ₹ 10,000 spent on constructing platform for a new machine. (iii) Repair expenses of ₹ 25,000 incurred for whitewashing of factory building. (iv) Insurance premium paid as renewal premium. (v) Purchased a new car.

Discussion

446.	A tax, the burden of which can be shifted on to others, is called:
Answer» A tax, the burden of which can be shifted on to others, is called:

Discussion

447.	Zed Ltd. has sterling silver manufacturing plant in India and is enjoying a buoyant demand for its products as economic growth is about 7% to 8 % which is used to make handicraft pieces, forks, spoons, knives, etc. Sterling silver is an alloy of silver containing 92.5% by weight of silver and 7.5 % by weight of other metals like copper. The demand for sterling silver is growing due to its extrinsic value. It is planning to set-up a new sterling silver plan to cash on the increased demand it is facing. It is estimated that it will require about Rs 5000 crores for the set-up and about Rs 700 crores of working capital to start the new plant. As a highly capital intensive sector what factors will affect the fixed and working capital? Give supporting reasons for answers.
Answer» Zed Ltd. has sterling silver manufacturing plant in India and is enjoying a buoyant demand for its products as economic growth is about 7 $%$ to 8 $%$ which is used to make handicraft pieces, forks, spoons, knives, etc. Sterling silver is an alloy of silver containing 92.5 $%$ by weight of silver and 7.5 $%$ by weight of other metals like copper. The demand for sterling silver is growing due to its extrinsic value. It is planning to set-up a new sterling silver plan to cash on the increased demand it is facing. It is estimated that it will require about Rs 5000 crores for the set-up and about Rs 700 crores of working capital to start the new plant. As a highly capital intensive sector what factors will affect the fixed and working capital? Give supporting reasons for answers.

Discussion

448.	Which of the following is a key aspect of an open economy?
Answer» Which of the following is a key aspect of an open economy?

Discussion

449.	Explain the importance of agricultural sector for the Indian economy. Or Why is agriculture sector deemed to be the backbone of Indian economy?
Answer» Explain the importance of agricultural sector for the Indian economy. Or Why is agriculture sector deemed to be the backbone of Indian economy?

Discussion

450.	The percentage of demand deposits which the commercial banks are legally required to maintain as their liquid assets is called:
Answer» The percentage of demand deposits which the commercial banks are legally required to maintain as their liquid assets is called:

Discussion

Explore topic-wise InterviewSolutions in .

What are the objectives of privatisation?

Suppose that the inflation is higher in country A than in country B, and the exchange rate between the two countries is fixed. What is likely to happen to the trade balance between the two countries?

Maximise Z= x + y, subject to.

Given the following data and taking 2004 as the base year, construct index of prices using:(i) Laspeyre's Method, (ii) Paasche's Method, and (iii) Fisher's Method. Year Commodities A B C D Price Quantity Price Quantity Price Quantity Price Quantity 2004 2018 24 30 8 10 9 10 3 4 16 20 5 8 10 9 3 4

Multiplier is estimated as

Why do people prefer to be voluntarily unemployed?

Which of the following is a commonly accepted definition of money?

Explain primary and secondary sources of energy.

Which of the following is the correct order in the evolution of money?

Give the negative effects of the British rule in India.

Quantity measured at a particular point of time is called :

There is an increase in investment by Rs. 200 crores. This has increased the income multifold. What will be the total increase in consumption if consumption function is C = 50 + 0.5Y?

The diameter of a wire as measured by a screw guage was found to be 0.026cm,0.028cm,0.029cm,0.027cm,0.024cm,0.027cm.Calculate 1)mean value of the diameter.2)mean absolute error.3)relative error.4)percentage error.Also express the result in terms of absolute and percentage error.

Wouldn’t you be opposed to increase in price of petrol?

Legal tender money is the currency notes issued by the

43. how to get relationship between molality and molarity?

The goods that are consumed by the consumer is called:

a freely falling body covers 44.1m in the last second of its journey.find the total distance travelled by the body?a)88.2 mb)66.2 mc)108.3 md)122.5 m

Expenditure on law and order is a component of development expenditure.

Distinguish on any six basis between capital market and money market.

Which of the following hampered the growth of India before the reforms?

How is quantitative credit control different from qualitative credit control?

What forces conspire to keep the workers in the bangle industry of Firozabad in poverty?

Which of the following is/are implications of a fiscal deficit?

Why do nations invest in Science?

The Assam movement was a combination of cultural pride and economic backwardness. Explain.

Devaluation of currency means

The Ministry of Agriculture released Operational Guidelines for the Unified Package Insurance Scheme (UPIS) will provide insurance products to farmers, on the payment of a single premium. These products include: Which of the above statement(s) is/are correct?

If the length of a second pendulum is increase by 2 percent, then in a day the pendulum (1) Loses 764s (2) Loses 924s (3) Gain 236s (4) Loses 864s

8. How to find the domain and range of function?

Which of the following prevents growth from converging to development?

Which of the following is not a Rabi crop?

Fiscal policy refers to the:

Classify rural credit in different categories on the basis of time period.

What makes the European Union a highly influential regional organisation?

"Open Market Operations" refers to:

Ageing is a natural process; have you ever thought what our elderly parents expect from us?

What is the meaning of bilateral trade?

In a population with equilibrial condition,3360 individuals out of 4000 are tongue roller,then what will be the number of individuals withheterozygous condition?(1) 1920(3) 2000(2) 1730(4) 1035

Clearing and settlement operations of NSE are carried out by(a) NSDL(b) NSCCL(c) SBI(d) CDSL

Briefly explain the multiplier process.

A tax, the burden of which can be shifted on to others, is called:

Which of the following is a key aspect of an open economy?

Explain the importance of agricultural sector for the Indian economy. Or Why is agriculture sector deemed to be the backbone of Indian economy?

The percentage of demand deposits which the commercial banks are legally required to maintain as their liquid assets is called: