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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.
| 1151. |
Profit maximization in perfect competition market |
| Answer» | |
| 1152. |
Which of the following graph can be drawn for calculating mean |
| Answer» Histogram<br>Bar graph histogram pie diagram none of these | |
| 1153. |
Why do central problems arise? Explain the central problems of an economy |
| Answer» Because resources are limited and wants are unlimited | |
| 1154. |
what is a economic activity |
| Answer» Activities which takes place for the motive of monetary gain is called economic activity. | |
| 1155. |
How many uses of resources are possible |
| Answer» | |
| 1156. |
All graphs of demand and supply |
| Answer» | |
| 1157. |
Write the definition of economics? |
| Answer» Economics is a subject in which we study about production, consumption and distribution of resources.or use of scarce resources against unlimited wants.<br>"Economics is the study of mankind behaviour ",through which a customer can maximize it\'s satisfaction , producer can maximize it\'s profit and society can maximize it\'s social welfare .<br>Economics is a science of human behaviour concern in such a manner that a consumer can maximize its satisfaction producer can maximize its profit and Society can maximize its social welfare<br>Economic is the study of economic issues arising out the fact that resources are scarce in relation to our needs/desire and the scare resources have alternative uses<br>Economic is a social science in which study about allocation of scare resources in a manner that maximum satisfaction can be earn. | |
| 1158. |
Define conclusion |
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| 1159. |
Case study on the effect on ppc due to various govt policies |
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| 1160. |
Briefly explain the term service holder and service provider with an example each |
| Answer» Hey can uhh help me in commerce? | |
| 1161. |
Explain the main parts of table |
| Answer» | |
| 1162. |
If price of goods ‘X’ falls leading to increase in demand of goods ‘ Y’ then both the goods are: |
| Answer» The demand will increase.For example tea and coffeeAs if the price of tea increases the demand for coffee will also increase.In case of Rational ConsumerThe demand for coffee will increase due to decrease in the price of coffee<br>Increase | |
| 1163. |
There are three kind of lies lies demand lies and Statistics explain the statement |
| Answer» | |
| 1164. |
case study on effects on PPC due to various government policies |
| Answer» What is the answer | |
| 1165. |
Shifting and rotation of budget line |
| Answer» If the money income of the consumer remaining constant the price of one of the goods change then it is known as the rotation of the budget line | |
| 1166. |
What do you mean by ststistics |
| Answer» Statistics means quantitative information or quantification of facts and findings . We can also define as data. | |
| 1167. |
Commercial banks create credit |
| Answer» (i) Credit creation is one of the important functions of a commercial bank. It constitutes the major component of the money supply in the economy.(ii) They create credit in the form of demand deposits.(iii) The process of credit creation occurs when banks accept deposits and provide loans and advances. When the customer deposit money with the bank, they are called primary deposits. This money will not be withdrawn immediately by them.(iv) Hence banks keep a certain amount of deposits as reserves which are known as Legal Reserves Ratio (Cash Reserve Ratio and Statutory Liquid Ratio) and provide the balance amount as loans and advances. | |
| 1168. |
Mention two series from the point of view of their construction.give an example of each |
| Answer» | |
| 1169. |
Distinguish between microeconomics and macroeconmoics |
| Answer» Macroeconomics focuses on issues that affect nations and the world economy.<br>Microeconomics is the study of economics at an individual group of company level. | |
| 1170. |
Why is choice essential in the study of econmoics? |
| Answer» | |
| 1171. |
Distrust of statistics |
| Answer» Distrust means a lack of confidence or belief. Further, the science of statistics is always subject to doubt and suspicion because of its misuse by unscrupulous elements for their selfish motives. | |
| 1172. |
How is statistics important in economics? |
| Answer» The field of statistics deal with collection organisation, analysis, interpretation and presentation of data. Statistics plays a vital role in understanding economic data such as the relationship between the quantity and price, supply and demand, economic output, GDP, per capital income of nations etc | |
| 1173. |
What activities called economic activities |
| Answer» Economic activities in economics are related to the use of scarce resources.<br>Those activities whose objective is to earn money is called economic activity. They include buying and selling of goods, doing legal practice for working in some factory | |
| 1174. |
Define marginal product |
| Answer» Marginal Product\xa0is\xa0defined\xa0as the additional\xa0output\xa0produced because of the employment of an additional unit of labour. In other words, it is the change in the total\xa0output\xa0brought by employing one additional unit of labour. | |
| 1175. |
Project on education policy and effects on human resources |
| Answer» | |
| 1176. |
Only scarce goods attracts the price coment |
| Answer» | |
| 1177. |
Class 10 ka result kab aayega?? ?If anyone know |
| Answer» In months of july. Sure<br>21 july...<br>31 /7/2021 ko saayad ? | |
| 1178. |
explain the centeral problem "what to produce" with the help of an example |
| Answer» | |
| 1179. |
in which situation can ppc be a straight line |
| Answer» The slope of production possibility curve is marginal opportunity cost which refers to the additional sacrifice that a firm makes when they shift resources and technology from production of one commodity to the other. Therefore, if marginal opportunity cost remains constant then PPC will be a straight line owing to constant slope. | |
| 1180. |
Effects on ppc due to government policies? |
| Answer» It represents economic growth. Economic growth is an increase in what an economy can produce if it is using all its scarce resources. An increase in an economy\'s productive potential can be shown by an outward shift in the economy\'s production possibility frontier (PPF). | |
| 1181. |
Collection of Data in 3000 words |
| Answer» Collection of Data Statistics Class - XI2. Synopsis 1. Key terms 2. Sources of data 3. Surveys 4. Census or complete Enumeration 5. Sample survey 6. Questionnaire 7. Types of questions 8. Open ended Vs Close ended 9. Mode of data collection 10. Pilot survey 11. Methods of sampling 12. Important agencies3. Key Terms Variable: The values which change, such as production of food grains per annum, temperature of a city, etc. They are represented by the letters X,Y or Z. Observation: The value of an variable. Data: Observations corresponding to different variables. Statistical Investigation: It means search for information conducted by using statistical methods. | |
| 1182. |
मांग में वृद्धि होती है * |
| Answer» मांग में वृद्धि- कीमत के स्थिर रहने पर अन्य तत्वों (आय, सम्बन्धित वस्तु की कीमत, रूचि, फैशन, जनसंख्या का आकार आदि) में परिवर्तन के कारण जब मांग वक बायें से दायीं ओर खिसक जाता है, उसे मांग में वृद्धि कहते हैं। | |
| 1183. |
Explain the concept of MOC diagrammatically? |
| Answer» MOC refers to the number of units of a commodity sacrificed to gain one additional unit of another commodity. For example if an economy produces two goods A and B. A person employed in production of A because he is able and efficient to produce that good. | |
| 1184. |
How does the bill becomes a law |
| Answer» Bills have to pass through various stages before they are finally passed. These stages are:\tFirst is the stage of introduction. Money bills can be introduced only in Lok Sabha while ordinary bills can be introduced in either of the two houses of the Parliament.\tDuring the second stage, the bill is discussed clause by clause.\tDuring the third stage, the bill\xa0is put to vote and if passed by a\xa0simple majority of members\xa0present (arid voting), it is sent to\xa0the other house, where the same\xa0procedure is followed.\tHowever, if there is\xa0disagreement between the two\xa0houses, the final decisions is\xa0taken in a joint session of both\xa0the houses where the bill is\xa0passed by a majority of members\xa0of both the houses present and voting.\tFinally, when both the houses\xa0pass the bill, it is sent to the\xa0president for his/her assent.\xa0After getting the president\'s\xa0assent the bill becomes a law or an act. | |
| 1185. |
What are characteristics of economic in plural sense with defination |
| Answer» In plural sense statistics means numerical facts.The definitions mentioned below point to the plural sense of statistics.In the words of Croxton and Cowden, "Statistics can be defined as the collection presentation and interpretation of numerical data." According to Bowley, "Statistics are numerical statement of facts in any department of enquiry placed interrelation to each other". The most accepted definition of statistics is one which is given by Horace Secrist. According to Horace Secrist, "By Statistics we mean aggregate of facts affected to a marked extent by multiplicity of causes numerically expressed, enumerated or estimated according to a reasonable standard of accuracy, collected in a systematic manner for a pre-determined purpose and placed in relation to each other." | |
| 1186. |
write short note kautilya.Aristotle and Dr.B.R Ambedkar |
| Answer» Bhimrao Ramji Ambedkar\' was born on 14th April 1891 in Mhow town of Madhya Pradesh, India. He was the son of Ramji Maloji Sakpal and Bhimabai. His father served in the Indian Army at the Mhow cantonment. He was an Indian jurist, political leader, philosopher, anthropologist, historian, orator, economist, teacher, editor, prolific writer, revolutionary and a revivalist for Buddhism in India. He became the 1st Law Minister of India. He became the Chairman of the Constitution Drafting Committee. For his contributions, he was awarded\xa0Bharat Ratna. Ambedkar died on 6 December 1956 at his home in Delhi. | |
| 1187. |
What is raw material? |
| Answer» Raw materials are materials or substances used in the primary production or manufacturing of goods. Raw materials are commodities that are bought and sold on commodities exchanges worldwide. Traders buy and sell raw materials in what is called the factor market because raw materials are factors of production as are labor and capital.<br>Raw materials are those materials which are extracted from natural sources at the primary stage. | |
| 1188. |
Write a questionnaire explaining about impact of lockdown on studies |
| Answer» Collection of data | |
| 1189. |
How create a economics |
| Answer» Economics is a just a way of dealings with economic problems...without economic problems , there is no mean of economics | |
| 1190. |
Q:-16 Is it possible to compare the height and intelligence of a person through statistics? |
| Answer» Only height only n only if it is numerically expressed! Ex:-Rohan height is 6feet n Mohan\'s height is 5feet2inch,hence we can say that Rohan is taller than that of mohan now u can easilycompare because it is quantitative information but in the case of intelligence which is a qualitative attribute so that we cannot compare it with any situation in statistics<br>No | |
| 1191. |
water scarcity can be caused by |
| Answer» Water scarcity example can be e likewise we use water not for only one activity there is alternative use of water example we use it for drinking washing clothes in factories in making different kind of things there is no place where water is not used hence this will lead to scarcity<br>As we know that scarcity is the root of economic problem which have arrived from the alternative uses of limited resources this is the biggest cause of Scarcity hence we study Economics to study the economic problems. | |
| 1192. |
Why do central problem of an economy arises |
| Answer» | |
| 1193. |
Statistics are figures but all figures are not statistics”. Justify. |
| Answer» I think here figure is not an appropriate word you can use numerical data or numbers. | |
| 1194. |
Even when price of good x remain constant quantity of good x may increase or decrease |
| Answer» | |
| 1195. |
Why scarcity is universal phenomenon in economics? |
| Answer» Limitations of supply in relation to demand for a commodity<br>Scarcity refers to a basic economic problem—the gap between limited resources and theoretically limitless wants. This situation requires people to make decisions about how to allocate resources efficiently, in order to satisfy basic needs and as many additional wants as possible. Any resource that has a non-zero cost to consume is scarce to some degree, but what matters in practice is relative scarcity. Scarcity is also referred to as "paucity." | |
| 1196. |
How direct personal investigation method having homogeneous data? |
| Answer» Hi | |
| 1197. |
What are the central promblems of the economy |
| Answer» Ggfdhhhvcg<br>Hcjfjbbbb<br>1) what to produce2)how to produce3)whom to produce | |
| 1198. |
Define consumer satisfaction |
| Answer» The aim of business should be earning profit but at the same time the consumer satisfaction is equally important. It is useless to think of profession without consumer satisfaction. Even the expansion of business also depends on it. Hence a businessman should make goods and services available according to the the taste of the consumers to get success. | |
| 1199. |
Which subject is best in arts history or economic please tell me |
| Answer» It depend upon on you just believe in yourself and think what you do better ,which is suitable for you . Ignore others suggestion because you have to give exam so all the best for your decisions ???<br>Eco anyways,,Hi... If u r hving any of ur siblings or frnds in 9th class suggest them to study science from brighter together youtube channel...M sure that they would like the explanation...It is my channel....Agar ho ske toh aap bhi subscribe kr dena aur jitna ho ske usseshare krna...I need support of ol of u.... Thank u✌?<br>Eco<br>Economics is best<br>Economic is best | |
| 1200. |
Mention the two forms in which the stastics is used |
| Answer» Two types of statistical methods are used in analyzing data: descriptive statistics and inferential statistics. | |