InterviewSolution
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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.
| 1651. |
All one word question and answer related to exonomics |
| Answer» What is meant by lorenz curve? Write the steps involved in draving a lorenz curve | |
| 1652. |
Why does an economic problem arise ? Explain the problem \'how to produce \' |
| Answer» How to produce is the problem in which the producer is confuse that what should i choose Labour Intensive Capital (LIC) OR Technology Intensive Capital (TIC) | |
| 1653. |
What is marginal utility? |
| Answer» Marginal utility is the additional utility derived from consuming one more unit of the given commodity. | |
| 1654. |
What are the different type of economy and how will you take decision how to produce in each economy |
| Answer» | |
| 1655. |
What is economices |
| Answer» Economics is a science | |
| 1656. |
What is evonomices |
| Answer» Economics is the study of management of resources in such a manner that economic gain could be maximize at micro as well macro level | |
| 1657. |
In the first quadrant, the values of x and y is (A) +ve (b) -ve(C) x is +ve&yis -ve (D) none |
| Answer» Positive (a) | |
| 1658. |
Give the four objectives of statistical average |
| Answer» | |
| 1659. |
The demand for goods like tea and sugar is usually? |
| Answer» Elastic demand<br>Inelastic | |
| 1660. |
How many question asked from the chapter of National income in class 12? |
| Answer» 6 | |
| 1661. |
If mode is 16 , median is 15.73 then find mean |
| Answer» Use the empirical formula<br>15.595<br>Yes but give me answer please<br>Most imp method in dispersion chapter which come in exam | |
| 1662. |
Essay on collection of data |
| Answer» | |
| 1663. |
Why the demand equal to supply |
| Answer» | |
| 1664. |
scarcity cause economic problems |
| Answer» Resources such as land, labour and capital are limited in relation to their demand and economy cannot not produce all that people required to satisfy themselves. This is why the existence of economic problems in an economy. Scarcity is universal which is applicable to all individuals, institutions and economy as a whole. If there is abundant or sufficient resources then there will not be any problem in an economy. Hence, scarcity leads to economic problem. | |
| 1665. |
What is individual demand |
| Answer» refers to the quantity of a commodity that a consumer is willing and able to buy ,at each possible price during a given period of time | |
| 1666. |
Tp curve? |
| Answer» | |
| 1667. |
What is indiffrence curve |
| Answer» An indifference curve is a graphical representation of a combined products that gives similar kind of satisfaction to a consumer thereby making them indifferent.Every point on the indifference curve shows that an individual or a consumer is indifferent between the two products as it gives him the same kind of utility. | |
| 1668. |
defference between supply and stock |
| Answer» Supply price changes stock is fixed price.Supply is a given period of time whereas stock is the particular point of time | |
| 1669. |
Difference between supply and stock |
| Answer» Supply price changes but stock price is fixedSupply is a period of time whereas stock is the particular point of time | |
| 1670. |
Frequency array? |
| Answer» | |
| 1671. |
How to calc class interval when mid value is given..mm |
| Answer» M-1/2*i(lower limit)<br>▪︎First calculate the difference between 2 mid values.▪︎Then, calcute its half.▪︎After that subtract it with the midvalue to get lower class limit and add it to the midvalue to get the upper class limit. | |
| 1672. |
Determine the value of medain less than ogive curve |
| Answer» | |
| 1673. |
Why AU curve is "U" shaped ? |
| Answer» The nature \'U\' shaped short-run Average Cost curve can be attributed to the law of variable proportions. ... Thus, the Average Costs of the firms continue to fall as output increases because it operates under the increasing returns due to various internal economies.It\'s a U-shaped curve. Initially, the variable cost per unit of output decreases as output increases. ... After the low, the variable cost per unit of output starts to increase. The increase in AVC after a certain point is indirectly related to the law of diminishing marginal returns | |
| 1674. |
Explain the scattered diagram method of correlation . |
| Answer» | |
| 1675. |
Theiry of demand |
| Answer» When other things remain constant there is an inverse relationship between price and quantity demand | |
| 1676. |
Explain any 4 properties of indiffrence curvd |
| Answer» FOllowing are the properties:1.indiffrence curve are always convex to origin.2.indiffrence curve slopes downwards.3.indiffrence curve can never intersect each other.4.higher indifference curves represent higher level of satisfaction. | |
| 1677. |
Define tvc |
| Answer» Total Variable Cost (TVC)This refers to the costs incurred by a firm on variable inputs for production. As we increase quantities of variable inputs, accordingly the variable cost also goes up. It is also called ‘Prime cost’ or ‘Direct cost’ and includes expenses like − wages of labour, fuel expenses, etc. | |
| 1678. |
Calculate coefficient of correlation given the following dataX= 2 3 4 5 6 7 8Y=4 7 8 9 10 14 18 |
| Answer» | |
| 1679. |
Differentiate between population and sample with examples. |
| Answer» | |
| 1680. |
Objectives of dispersion |
| Answer» | |
| 1681. |
Meaning of opec |
| Answer» The Organization of petroleum exporting countries | |
| 1682. |
What is demand explain the factors of demand |
| Answer» | |
| 1683. |
The major cause of economic problem is |
| Answer» | |
| 1684. |
________ is driven by the forces of demand and supply |
| Answer» | |
| 1685. |
What is law of constant returns to a factor and what is it another name. |
| Answer» I dont know | |
| 1686. |
What is indiffrence curve? |
| Answer» Indiffrence curve shows various combination of two commodity when given satisfaction on its price<br>An indifference curve is a graphical representation of a combined products that gives similar kind of satisfaction to a consumer thereby making them indifferent.Every point on the indifference curve shows that an individual or a consumer is indifferent between the two products as it gives him the same kind of utility. | |
| 1687. |
Mode question |
| Answer» Mode=l1+f1-f0÷2f1-f0-f2×i<br>L+f1-f0÷2fI-f1-f0-f2×i | |
| 1688. |
What is aggregate fact |
| Answer» ‘Statistics is defined as aggregate of numerical facts’. This implies that for figures to be included in statistics, they must be aggregate of facts and not individual figures. For example: The fact that height of a student is five feet tells nothing unless it is comparable. Another example, suppose we collect data of 1000 school-going children. But these data will not be useful unless organized into groups, tables, etc | |
| 1689. |
If the variable of a distribution is 144.what will be the standard deviation of that distribution |
| Answer» Sorry the formula is Sd=square of variance<br>First of all it is not variable it is variance And sd is 12 Because variance=√sd | |
| 1690. |
Calculate correlationX:- -3,-2,-1,1,2,3Y:- 9,4,1,1,4,9 |
| Answer» Answer is =0 | |
| 1691. |
Micro |
| Answer» | |
| 1692. |
What is law of statistics |
| Answer» | |
| 1693. |
X f0-4. 4 4-8. 88-12. 212-16. 1 |
| Answer» SD =3.267 | |
| 1694. |
Calculat sd |
| Answer» | |
| 1695. |
All important formula\'s of Economics(stats) |
| Answer» | |
| 1696. |
Why study choice essential in the study of economics |
| Answer» | |
| 1697. |
Explain any three features of market |
| Answer» Which market there are foure markets<br>1. Free entry and exit2. Large no. Of buyer and seller3. Knowledge about the products4. No government intervention | |
| 1698. |
When the Mc is less than AC |
| Answer» Than AC rising<br>Ac starts diminishing! | |
| 1699. |
If TR =Rs.25 and TC=Rs.37,it is case of |
| Answer» There is loss | |
| 1700. |
What are cartels?? |
| Answer» Group of firms<br>Cartel refers to collective decision-making by a group of firms with a view to avoiding competition and securing monopoly control of the market. | |