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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.
| 1601. |
What is consumer equilibrium in case single commodity |
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| 1602. |
In which of the following situation does scarcity arise? |
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| 1603. |
Do we have statistics book |
| Answer» Yes<br>Yes<br>Yes | |
| 1604. |
Questionare and schedule |
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| 1605. |
Difference between questionare and schedule |
| Answer» <th>Basis for Comparison</th> <th>Questionnaire</th> <th>Schedule</th> \t\t\tMeaningQuestionnaire refers to a technique of data collection which consist of a series of written questions along with alternative answers.Schedule is a formalized set of questions, statements and spaces for answers, provided to the enumerators who ask questions to the respondents and note down the answers.Filled byRespondentsEnumeratorsResponse RateLowHighCoverageLargeComparatively smallCostEconomicalExpensiveRespondent\'s identityNot knownKnownSuccess relies onQuality of the questionnaireHonesty and competence of the enumerator.UsageOnly when the people are literate and cooperative.Used on both literate and illiterate people.\t | |
| 1606. |
Write three importance of good classification |
| Answer» Three importance of classification are:\xa0\tIt helps in the identification of living organisms as well as in understanding the diversity of living organisms.\xa0\tTo understand and study the features, similarities and differences between different living organisms and how they are grouped under different categories.\xa0\tIt is essential to understand the inter-relationships among the different groups of organisms. | |
| 1607. |
Where is the statistics portion? |
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| 1608. |
who are service holders and service providers |
| Answer» A service holder is a person who is working under someone i.e. he is an employee. On the other hand, a service provider is the person who provides various services by employing people. | |
| 1609. |
what do you understand by the term economic 3 marks ques |
| Answer» Economics is the study of how society uses its limited resources. Economics is a social science that deals with the production, distribution, and consumption of goods and services. Economics focuses heavily on the four factors of production, which are land, labor, capital, and enterprise. These are the four ingredients that make up economic activity in our world today and can each be studied individually.Economics is split into the following two broad categories of study:Macroeconomics - the branch of economics that studies the overall working of a national economy. It is more focused on the big picture and analyzing things such as growth, inflation, interest rates, unemployment, and taxes. When you hear the Federal Reserve is raising interest rates or that the national unemployment rate is 7.5%, you are hearing about macroeconomic topics.Microeconomics - the branch of economics that studies how households and businesses reach decisions about purchasing, savings, setting prices, competition in business, etc. It focuses at the individual level, while macroeconomics looks at the decisions that affect entire countries and society as a whole. | |
| 1610. |
plz can i get answers of 4 marks quetion of chapter introduction to statistics |
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| 1611. |
What do you understand by agricultural sector |
| Answer» Agricultural sector is the primary sector in other words . In this agriculture sector the resources are extracted from the nature , I.e. in the raw form | |
| 1612. |
Economic problem? and causes of economic problem. |
| Answer» Economic problem basically the problem of choice which arise due to scarcity of resources which have alternative uses where human wants are unlimited. Causes of economic problems are:1. Human wants unlimited2. Scarcity of resources3. Resources have alternative uses<br>Thanku<br>economic problem is a problem of choice which arises due to the scarcity of resources having alternative uses. resources are limited in relation to our demand and economy cannot produce all what people want so scarcity is root cause of economic problem. | |
| 1613. |
Different types of economics |
| Answer» Thank you??<br>\tCapitalist Economy- In a capitalist system the products manufactured are divided among people not according to what people want but on the foundation of Purchasing Power—which is the ability to buy products and services. Which means an individual needs to have the money with him to buy the goods and services. The Low-cost housing for the underprivileged is much required but will not include as demand in the market because the needy do not have the buying power to back the demand. Therefore, the commodity will not be manufactured and provided as per market forces.\tSocialist Economy- This economy system acknowledges the three inquiries in a different way. In a socialist society, the government determines what products are to be manufactured in accordance with the requirements of society. It is believed that the government understands what is appropriate for the citizen of the country, therefore, the passions of individual buyers are not given much attention. The government concludes how products are to be created and how the product should be disposed of. In principle, sharing under socialism is assumed to be based on what an individual need and not what they can buy. A socialist system does not have a separate estate because everything is controlled by the government.\tMixed Economic – Mixed systems have characteristics of both the command and market economic systems. For this purpose, the mixed economic systems are also called as dual economic systems. However, there is no sincere method to determine a mixed system, sometimes the word represents a market system beneath the strict administrative control in certain sections of the economy. | |
| 1614. |
Statistics can prove anything. Explain with example |
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| 1615. |
Paper of Economics |
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| 1616. |
Distinguish between citizen and normal resident ! |
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| 1617. |
Equallibrum |
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| 1618. |
Were there any positive contributions made by the British in india |
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| 1619. |
What is GDP and per Capital Income? |
| Answer» The value of all final goods and services produced in all sectors during a particular year is known as gross domestic product.. The total income of a country divided by it\'s population is known as per capita income... | |
| 1620. |
Anybody who is having vk production introductory microeconomics plz reply me? |
| Answer» No | |
| 1621. |
The situation mux/px>muy/py is better than mux/px=muy/py |
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| 1622. |
There are three kinds of lies- lies, damned lies and statistics explain the statement. |
| Answer» Statistics refers to the aggregates or averages that relate to an enquiry or some relationship. Such aggregates facilitate the presentation of data in a simplified manner. Besides presentation, statistics also enable a reader to make comparison among two or more variables. On the contrary to this, statistics also involve some limitations which often lead to the situation of distrust on statistics and its methods. Such limitations evoked ‘Mark Twain’ of U.S. to introduce a phrase called ‘Lies, Damned lies and Statistics’. This phrase was introduced to highlight the shortcomings (limitations) associated with statistics.The following are the limitations which resulted in mark of statistics as a lie:\tThe users of the statistics usually tend to manipulate the data to support their already drawn conclusions, which leads to the situation of distrust and the process of data manipulation.\tThe statistical figures are made so convincing that people feel bound to trust on such figures.\tThe readers are often mislead by the way of presentation of data (even if correct). For example, if per capita income of the country increases then it represents the readers to be convinced that the income of all the people in the economy increases. However, if the distribution of income in the economy is inequitable then the income of only a section increases while the other section of population lives in poverty. | |
| 1623. |
Which is the best book for economics class 11 |
| Answer» Indian Eco development | |
| 1624. |
What is happening in the future |
| Answer» Hm future nhi dekhte hai...we are not astrologer.... | |
| 1625. |
No.product is always intermediate or final goods. Ellucidate |
| Answer» What is happening in the future | |
| 1626. |
What do you mean by scarcity.and what are the reasons for it? |
| Answer» Reasons are1. Scarce resource2. Unlimited human wants<br>Resources which are scarce are called scarcity | |
| 1627. |
Census of india depicting growth rate of population is which type of classification |
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| 1628. |
What are social and economic cause of employment |
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| 1629. |
Define - Equi marginal utility? |
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| 1630. |
Why does the problem of choice arises |
| Answer» Because resources are limited & have their alternative uses | |
| 1631. |
Classification is data |
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| 1632. |
Define standard deviation |
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| 1633. |
Explain the methods of enterpenuiorship devlopment |
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| 1634. |
Define demand. state the factors affecting demand for a commodity by a consumer |
| Answer» Demand refers to a quantity of a commodity that a consumer is willing or able to buy at each possible price during a given period of time. Factors affecting demand are : 1. Price of the given commodity . 2. Price of related goods. 3Income of the consumer. 4. Taste and preferences. 5. Exceptance of rise in price in future<br>Brainly.inWhat is your question?1Secondary School Economy 13 pointsDefine demand.Explain any four factors that affect demand for a commodityAsk for details Follow Report by Adasrh3904 31.07.2019AnswersMe · BeginnerKnow the answer? Add it here! lakshana384lakshana384 AceDemand is the number of goods that the customers are ready and able to buy at several prices during a given time frame.The various factors affecting demand for a Commodity :1. Price of the Given Commodity :It is the most important factor affecting demand for the given commodity. Generally, there exists an inverse relationship between price and quantity demanded. It means, as price increases, quantity demanded falls due to decrease in the satisfaction level of consumers.2. Price of Related Goods :Demand for the given commodity is also affected by change in prices of the related goods. Related goods are of two types:(i) Substitute Goods.(ii) Complementary Goods.3. Income of the Consumer :Demand for a commodity is also affected by income of the consumer. However, the effect of change in income on demand depends on the nature of the commodity under consideration.4. Tastes and Preferences :Tastes and preferences of the consumer directly influence the demand for a commodity. They include changes in fashion, customs, habits, etc. If a commodity is in fashion or is preferred by the consumers, then demand for such a commodity rises. On the other hand, demand for a commodity falls, if the consumers have no taste for that commodity.5. Expectation of Change in the Price in Future :If the price of a certain commodity is expected to increase in near future, then people will buy more of that commodity than what they normally buy. There exists a direct relationship between expectation of change in the prices in future and change in demand in the current period. For example, if the price of petrol is expected to rise in future, its present demand will increase. | |
| 1635. |
Explain the law of variable propotion |
| Answer» This law exhibits the short-run production functions in which one factor varies while the others are fixed.Also, when you obtain extra output on applying an extra unit of the input, then this output is either equal to or less than the output that you obtain from the previous unit.The Law of Variable Proportions concerns itself with the way the output changes when you increase the number of units of a variable factor. Hence, it refers to the effect of the changing factor-ratio on the output. | |
| 1636. |
Define market equilibrium with suitable diagram. |
| Answer» Under perfect competition, market of a product is in equilibrium when market demand and market supply are equal .each firm is a price taker and industry is the price maker . decision of buyers and sellers are coordinated through price. | |
| 1637. |
What is monotonic preference? |
| Answer» Monotonic preferences means a rational consumer will consume and more quantity of that commodity which will provide him more satisfaction | |
| 1638. |
Code 030 |
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| 1639. |
The difference between the values of two quartile is known as? |
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| 1640. |
Fundamenra problem og economics |
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| 1641. |
Ppc kya he |
| Answer» Production possibility curve<br>Pay per click | |
| 1642. |
What are the exceptions of law of demand |
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| 1643. |
What do you understand by Karl\'s pearsons correlation of coefficient |
| Answer» Karl person has given a quantitative method of calculation correlation | |
| 1644. |
Formula of standard deviation |
| Answer» Sigma=√sumition of(X-Xbar) square /n | |
| 1645. |
Frequency of a variable is always ?? |
| Answer» integer | |
| 1646. |
What is the easy way to study statistics ? |
| Answer» I have the same answer as Saloni Jain<br>Its a very easy subject , u just need to understand the concepts n learn the formulas | |
| 1647. |
If a factory owner buys 100 trucks then the trucks would an intermediate good or a final good????? |
| Answer» Final good | |
| 1648. |
What is consumer equilibrium in terms of indifference curve |
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| 1649. |
Write the name of two sources for collection of data |
| Answer» Primary data and secondary data | |
| 1650. |
Important questions for kendriya vidalaya school final exam in statics |
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