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InterviewSolution
This section includes InterviewSolutions, each offering curated multiple-choice questions to sharpen your Class 11 knowledge and support exam preparation. Choose a topic below to get started.
| 451. |
Difference between sampling and non sampling error? |
| Answer» Sampling error- it is the differences between the actual value of a parameter of the population and its estimate from the sample.Non sample error- the errors which arises at the stages of a ascertainment and analysis of data are called non sampling eror .These are more serious then samping error because a sampling can be minimise by taking a larger sample. It is difficult to minimise non sampling error even by taking a large sample. Some of the non sampling errors are -1.errors in data acquisition.2.non response errors.3.sampling bias. | |
| 452. |
Define the statistical errors? |
| Answer» A statistical error is the (unknown) difference between the retained value and the true value. | |
| 453. |
What is rank correlation method used? |
| Answer» H-l | |
| 454. |
How many types of CPI are constructed in india? |
| Answer» Three1. CPI for agriculture labour2. CPI for industrial worker3. CPI for urban non -manual employees | |
| 455. |
Mention the weightage of different groups in index of industrial production? |
| Answer» | |
| 456. |
Why ppc curve slops downward |
| Answer» PPC shows all the maximum possible combination of two goods , which can be produced with the available resources and technology. In such a case , more of one goods can be produced only by taking resources away from the production of another goods . As there exists an inverse relationship between change in quantity of one commodity and change in quantity of the other commodity , PPC slopes downward from left to right. | |
| 457. |
Why mr=tr in perfect compition |
| Answer» I think it\'s MR = AR not MR = TR | |
| 458. |
What is difference between absolute and relative dispersion with an example ? |
| Answer» Absolute & relative dispersion\xa0are two different ways to measure the\xa0spread of a data set. They are used extensively in biological statistics, as biological phenomena almost always show some variation and spread.The easiest way to differentiate relative dispersion/absolute dispersion is to check whether your statistic involves\xa0units. Absolute measures always have units, while relative measures do not. | |
| 459. |
What will happen to PPC if resources are used efficiently (gst) applied? |
| Answer» Here PPC will shift leftward , because GST is applied (from point taxes are applied or subsidies are removed)<br>It\'s given that resources are efficiently used . There is not any increase in resources or upgradation of technology.So the production will be on PPC and there\'s not any type of shifting of PPC.<br>PPC will shift leftward<br>What\'s the meaning of GST in this question<br>Production will be on PPC | |
| 460. |
What is afc |
| Answer» AFC refers to the per unit fixed cost of production. | |
| 461. |
Normal profit is a part of total cost. Is it true. ? |
| Answer» Yes normal profit is defined as the minimum return that the producer expects from his capital invested in the buisness. If this minimum return is not avilable , he will withdraw his capital from the existing use and shift it to the next best alternative use. Therfore, normal profit is a part of total cost | |
| 462. |
How to make economics project in class 11 |
| Answer» You can find it on slideshare web site | |
| 463. |
Difference between price index and quantity index |
| Answer» A price index measures changes in prices between two points of time whereas a quantity index measures changes in the volume of goods produce. | |
| 464. |
Send me last year quenition |
| Answer» | |
| 465. |
New syllabus kb ayega |
| Answer» 2020 me aayega | |
| 466. |
What is tha properties of indifference curve |
| Answer» i) IC slopes downwardii) IC is convex to the originiii) ICs don\'t touch or intersect each otheriv) IC doesn\'t touch X-axis or Y-axis v) Higher IC shows higher level of satisfaction. | |
| 467. |
Explain the diagram and schedule of market eqilibrium |
| Answer» | |
| 468. |
Explain the implication of mutual dependence of firms in oligopoly |
| Answer» | |
| 469. |
Which is the best method for measuring dispersion and how,why |
| Answer» | |
| 470. |
Relationship between TVC & MC |
| Answer» Relationship between TVC and MC:We know, MC is addition to TVC when one more unit of output is produced. So, TVC can be obtained as summation of MC’s of all the units produced. If output is assumed to be perfectly divisible, then total area under the MC curve will be equal to TVC.As seen in the diagram, at OQ level of output, TVC is equal to the shaded area OPLQ in the diagram. | |
| 471. |
Definition of kalpearson coefficient |
| Answer» According to Karl Pearson, Coefficient of correlation is determined by dividing the sum of products of deviations from their respective means by their number of pairs amd their standard deviations.??? | |
| 472. |
How remember economics help me |
| Answer» just understand it .. | |
| 473. |
Do you agree with the view that buffer stock is tool of price floor |
| Answer» | |
| 474. |
How to calculate mode |
| Answer» L+(f1-fo) /(2f1-f0-f2)*h<br>This is the formula for median<br>L×(n/2-c.f)/f×h | |
| 475. |
What is meant by frequency |
| Answer» the number of times something happens within a particular period, or the fact of something happening often or a large number or times | |
| 476. |
The value of sound quartiles axis equal to mean median mode |
| Answer» | |
| 477. |
Continues variable KY hai |
| Answer» If a variable can take on any value between two specified values, it is called a continuous variable | |
| 478. |
Price elasticity of supply is 2 a firm supply 200units price is 8 at what price he supply 250 units |
| Answer» answer is 9<br>But how the answer will be ₹ 7 DAMAN KAUR<br>. Ans is 7<br>Answer is ₹ 9<br>Answer 1<br>Is the answer is 4 | |
| 479. |
Relationship between AR and MR |
| Answer» 1. Prices=AR=MR | |
| 480. |
What will be the effect on demand and supply when cigarettes are banned? |
| Answer» | |
| 481. |
What is variable cost |
| Answer» Variable cost refers to those cist which vary(changed) directly with the level of output.<br>Variable costs vary directly with output – when output is zero, variable costs will be zero but as production increases, total variable costs will rise.Examples of variable costs include the costs of raw materials and components, packaging and distribution costs, the wages of part-time staff or employees paid by the hour, the costs of electricity and gas and the depreciation of capital inputs due to wear and tear. | |
| 482. |
Difference between economy and economic with a table . 4 marks |
| Answer» \tParameter of ComparisonEconomicsEconomyMeaningIt is a science, decision making art on the scarcity of resources concerning to provide maximum satisfaction to humanIt is the economic activities of a particular area or country.PreferencesIt mainly gives preference to the scarcity of resources and need of a humanPreference areas are on the production based on demand and usage based on supply.NatureTheory of Principles and rulesApplication of the theory of EconomicsDetermining FactorIt determines the decision on the scarcity of resources for a human being like how and when.Distribution of Goods and ServicesFocusIt mainly focuses on the behaviour and interaction of the firms and entities.It focuses on the arrangement and management of the country’s economic affairs.\t | |
| 483. |
Who has given the wealth definition? |
| Answer» Who given this defination?<br>Wealth is determined by taking the total market value of all physical and intangible assets owned, then subtracting all debts. Essentially, wealth is the accumulation of resources. Specific people, organizations and nations are said to be wealthy when they are able to accumulate many valuable resources or goods. | |
| 484. |
Why AFC slop downward and never intersect x axis |
| Answer» Because total fixed cost is constant and when output increase AFC decrease (AFC =TFC/Output) so it is downward and TFC can never be zero so it never intersect x axis | |
| 485. |
Chapter demand |
| Answer» explain the chapter demand | |
| 486. |
Give examples and explain floor price and price ceiling? |
| Answer» | |
| 487. |
Define oligopoly |
| Answer» It is derived from two greek words oligi and polien .Oligi means only and polien means seller.so the word mean only seller.It is a type of market in which only one seller selling his product with large no.of buyers.And there is also restriction in entry and exit of firm.<br>It is a form of market in which there are a few big sellers of a commodity and a large number of buyers. Each seller has a significant share of the market<br>a state of limited competition, in which a market is shared by a small number of producers or sellers. | |
| 488. |
What is statist |
| Answer» 1.an advocate of a political system in which the state has substantial centralized control over social and economic affairs | |
| 489. |
Define a Plan. |
| Answer» A plan specifies how the resourses of a nation should be put to use . It should have some grneral goals as well as specific objectives which are to be achived within a specified period of time .<br>A flat surface where two lines joint a point | |
| 490. |
What do you mean by agricultural diversificans ?what is need |
| Answer» Agricultural diversification is an important mechanism for economic growth. It depends, however, on there being opportunities for diversification and on farmers’ responsiveness to those opportunitiesDiversification in agriculture is key in achieving food security, improved human nutrition and increase in rural employment. | |
| 491. |
What is human capital formation |
| Answer» No human capital formation means :Human capital formation is the process of transforming the people in a country into workers who are capable of producing goods and services. During this process, relatively unskilled individuals are given the tools they need to contribute to the economy. It is critical to the long-term economic growth of a country, and provides the same benefits as new technologies or more efficient industrial equipment. While this process takes time, it often results in a greater standard of living for the people within a country in just a few generations, or even sooner. This process can be achieved through the use of public health policies, education or training opportunities.<br>Relationship between AC and MC | |
| 492. |
what is the effect on ppc of demonetisation |
| Answer» It shifts leftward<br>It will shift to LHS | |
| 493. |
Find the coefficient between X and Y series from the data X 10 ,12,8,15,20,25,40Y 15,10,6,25,16,12,8 |
| Answer» | |
| 494. |
Median is A) a computed average B)simple average C) weighted average |
| Answer» Weighted. Average | |
| 495. |
What is inferior goods ? |
| Answer» An inferior good is a type of good whose demand declines when income rises. In other words, demand of inferior goods is inversely related to the income of the consumer.For example, there are two commodities in the economy -- wheat flour and jowar flour -- and consumers are consuming both. Presently both commodities face a downward sloping graph, i.e. the higher the price the lesser will be the demand and vice versa. If the income of consumer rises, then he would be more inclined towards wheat flour, which is a little costly than jowar flour. | |
| 496. |
Discuss the main forms of table |
| Answer» Table no., heading, stub, footnote, caption etc | |
| 497. |
Is difference between table and tabulation |
| Answer» Table is type of flowchart and tabulation when flow chart is written in points or in very short summary | |
| 498. |
Pie diagram solution |
| Answer» | |
| 499. |
What is NSSO |
| Answer» National sample survey organisation it is based on survey ...... population<br>It is a national sample survey organization done by the government and it is a secondary source of the data | |
| 500. |
Explain the condition of producer \'s equilibrium using MR & MC approach? |
| Answer» There are two condition necessary 1 At equilibrium point MR must be equal to MC 2. MC becomes greater than MR after equilibrium point | |