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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.
| 751. |
What is saving |
| Answer» The part of income we are not consuming is termed as saving. | |
| 752. |
What is questionnarie please define |
| Answer» Questionnarie is that which includes questions of investing<br>Method of good questions | |
| 753. |
Give an example of oppurtinity cost? Please |
| Answer» Ram works in a showroom and his salary was Rs15000.After sometime the government offers him a job of Rs12000.Hence,opport.cost= 15000/12000=1.25 | |
| 754. |
What is Pilot Survey ? |
| Answer» Pre testing of questionnaire<br>Once a questionnaire is ready it is advisable to conduct a try out with small group which is called pilot survey or pretesting of questionnaire.<br>Jaise ki low birth rate<br>It is a treap to gather knowledge about pilot | |
| 755. |
What is organisation of data |
| Answer» Classification of data | |
| 756. |
What is theory of demand? Well explained. Dont copy from google. |
| Answer» For more explanation you can draw a schedule and a curve<br>When Price increse demand decrease, when price decrease demand increase, there is inverse relationship between price and quantity demanded, other factors remaining constant. | |
| 757. |
Features of perfect competition |
| Answer» | |
| 758. |
What is mean by inclusive series |
| Answer» Can you give me your contact number | |
| 759. |
Can i get the notes of microeconomics?? |
| Answer» There is a channel on youtube name IAT classes from there u can get good videos of explanation n notes in discription | |
| 760. |
Ncc class 11 short notes on the following IMA, CD\'S, J. D, S. D, N. S.C, TSC, NCC |
| Answer» | |
| 761. |
Gujjar are great |
| Answer» | |
| 762. |
What is positive and normative economics. |
| Answer» Positive economics based on facts and figures and normative economics based on statements<br>Any More<br>In positive economics we see that how the different mechanisms workIn normative economics we see that these mechanisms are desirable for us or not | |
| 763. |
Arithmetic mean in individual series extra questiona |
| Answer» | |
| 764. |
Case study on public private partnership, outsourcing, and outward foreign direct investment |
| Answer» | |
| 765. |
Vital components of macroeconomics |
| Answer» 1. Theory related to equilibrium, when AS=AD.\xa02. Theory related to disequilibrium in the economy, when AS>AD or AS<AD.\xa03. Theory related to correction of disequilibrium((i) Monetory Policy (ii) Fiscal Policy (iii) Exchange Rate Policy)<br>1. Theory related to equilibrium, when AS=AD. 2. Theory related to disequilibrium in the economy(AS>AD or AS<br>1. Theory related to equilibrium(AS=AD). 2. Theory related to disequilibrium in the economy(AS>AD, AS | |
| 766. |
Describe indifference curve with the help of consumer equilibrium |
| Answer» | |
| 767. |
What is two commodity case in consumer equilibrium |
| Answer» When mux and muy is same so consumer should be rational<br>Two commdity case refer to two goods | |
| 768. |
What is production function |
| Answer» It studies the functional relationship between physical input and physical output. | |
| 769. |
Difference between opportunity cost and maarginal opportunity cost |
| Answer» | |
| 770. |
What is the service provider? |
| Answer» | |
| 771. |
define tebulation? explain its merit. |
| Answer» | |
| 772. |
why statistics does not study the qualitative aspect of a problem ? |
| Answer» Bcoz qualitative aspects can not be measured in numerical terms | |
| 773. |
Explain scarcity in simple language? |
| Answer» lack of resource in relation to demand<br>Scarcity means shortage of a good .....in simple language<br>Scarcity it implies that thé supply of ressources Is less Than their. Demand D>s it is thé root of economy<br>Excess of demand over supply<br>Kami | |
| 774. |
Important source of secondary data |
| Answer» | |
| 775. |
Explain three central problems |
| Answer» Three central problems of economy are - i)What to produceii)How to produceiii)For whom to produce | |
| 776. |
What is distribution? |
| Answer» Distributing total GDP through wages,salary,interests etc..., is called distribution | |
| 777. |
dissemination of price information for growers and its impact on consumers |
| Answer» | |
| 778. |
Explain the relation between merginal product and total product use diagram |
| Answer» | |
| 779. |
What is fuller utilisation |
| Answer» Optimum utilisation | |
| 780. |
Rightward shift of ppf |
| Answer» Show increase In resouces or improvement in technology , labour becoming more skilled improvement in technology, increase in product of land. | |
| 781. |
Explain the present system of formation of plan |
| Answer» | |
| 782. |
How consumer equilibrium is determine with the help of indifference curve and budget line |
| Answer» | |
| 783. |
What is price elasticity of demand? |
| Answer» Responsibness of change in demand to change in price of commodity is called price elasticity of demand<br>Plzzzzzz give me ans.... | |
| 784. |
Course of half yearly exam ??? |
| Answer» 15 chapters6 from micro9 from stats<br>7 chapters from micro 3 or 4 from statistic<br>Anyone give me answr plz | |
| 785. |
Why does demand curve slopes downward |
| Answer» According to law of demand the quantity of the goods bought increase as the price of the good decrease.hence following the fact the demand curve slopes downward<br>Due to law of diminishing marginal utility, substitution effect, income effect and alternative uses of commodity thats why demand curve slopes downward to the right<br>Due to increased in prices | |
| 786. |
Character |
| Answer» iv- don\'t need much money for it<br>i - it is a economic activity ii- this need a special skill iii- there will be professional institute for study of it | |
| 787. |
Explain opportunity cost and ppc |
| Answer» OPPORTUNITY COST IS THE COST OF NEXT BEST ALTERNATIVE FORGONE AND PPC IS GRAPHICAL REPRESENTATION OF COMBINATION OF TWO GOODS WHICH AN ECONOMY CAN PRODUCE WITH GIVEN RESOURCES AND TECHNOLOGY.<br>Opportunity cost is the factor value in its next best alternative use. Ppc is a combination of 2 goods which can be achieved with in the given resources and technology. | |
| 788. |
Solve direct method CI f 05-12. 1812-19. 20 19-26. 1226-33. 1733-40. 13 |
| Answer» Summation F×X / summation F= 1709 / 80= 21.36= 21.4 | |
| 789. |
What is unpublished sources |
| Answer» Some times research scholars, universities, trade, institutions, etc collect data but do not publish it, such data are generally for self use or office record, this sources are called unpublished sources | |
| 790. |
Explain the reasons behind economic problem ? |
| Answer» The main reason behind economic problem is the problem of scarcity. As we all know that the resources are scarce and the wants are unlimited by which economic problems arises. On the other hand the resources which are available also have alternative uses whicb is another problem for production.<br>The main reason behind the economic problems is scarcity of resources and there alternative uses.people also have unlimited wants. | |
| 791. |
What do you mean by economic |
| Answer» Economics is a science which studies human behaviour as a relationship between ends and scarce means which have alternative uses . | |
| 792. |
What is meant by quota sampling |
| Answer» In this method,the population is divided into different groups or classes according to different characteristics of the population.Some percentage of differnet groups in total population is fixed.Further,some quota of the items to be selected as sample-item is fixed for each group<br>Quota sampling is a method for selecting survey participants that is a non-probabilistic version of stratified sampling. | |
| 793. |
When does change in quantity demanded take place |
| Answer» When price of commodity change | |
| 794. |
Is economics a science or art? |
| Answer» Economics is both a science as well as an art.<br>Economics is a science which studies human behaviour as a relationship between scarce resources which have alternative uses. | |
| 795. |
4 differences between positive and normative economics? |
| Answer» Key Differences Between Positive and Normative Economics\tPositive Economics refers to a science which is based on data and facts. Normative economics is described as a science based on opinions, values, and judgment.\tPositive economics is descriptive, but normative economics is prescriptive.\tPositive economics explains cause and effect relationship between variables. On the other hand, normative economics pass value judgments.\tThe perspective of positive economics is objective while normative economics have a subjective perspective.\tPositive economics explains ‘what is’ whereas normative economics explains ‘what should be’.\tThe statements of positive economics can be scientifically tested, proved or disproved, which cannot be done with statements of normative economics.\tPositive economics clearly define economic issues. Unlike normative economics, in which the remedies are provided for the economic issues, on the\xa0basis of value judgment. | |
| 796. |
How do we make frequency distribution |
| Answer» O | |
| 797. |
Why is west bengal is in east |
| Answer» The \'west\' is not according to geographical boundry of india it is because the partition of bangladesh ,and bengal is west part of bangladesh<br>It was separated from Bangladesh. And it is west of Bangladesh, so named as west bengal but according to India, itis in east. | |
| 798. |
Why ppc slopes downward from left to right |
| Answer» As resources are limited and if one of good increases the other must reduce so it is downward sloping<br>Because of demand and price you can see this in your book | |
| 799. |
What is economix |
| Answer» Economics is a science which studies human behaviour as a relationship between scarce resources which have alternative uses. | |
| 800. |
Difference between qualitative and quantitative data?? |
| Answer» The data that can be measured in numerical values is called quantitative data. Eg. Height, marks of studentsAnd if the data are classified on tyne basis of descriptive characters are called qualitative data eg. Working of staff,satisfaction of consumers<br>That can b measured in numeric terms is Quantitative and that can\'t b is qualitative | |