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.
| 1851. |
Project on opportunity cost |
| Answer» Diff b/w explicit and implicit cost<br>Determinants of Price in perfect competion market | |
| 1852. |
Project on effects of ppc by government policies |
| Answer» The PPC or the Production Possibility Curve is not effected or influenced by the demonetization in India. The demonetization has resulted in a very bad position of the cash which when we get in hand is reduced.This will eventually lead to PPC being backward. As those assets are not regarded hence PPC isn\'t affected.So as the time will pass investment will be reduced and go at a low level which will result in less production.Production Possibility Curve won\'t be influenced by demonetization in India. Generation plausibility boondocks is different mixes of products that can be delivered without squandering any assets. Since assets are not influenced, PPC isn\'t influenced.To give a financial framework where individuals try endeavors to their greatest advantage to take the nation to the outskirts is the objective of the administration and approach creators. Since demonetization has caused disturbances and there has been wastage, we have unquestionably moved to a point that is further inside the outskirts in contrast with the situation before demonetization. | |
| 1853. |
What is the theory of demand |
| Answer» It defines relationship between the quantitiy of a good consumers will purchase and the price charged for that good. It states that the quantity demanded for a good rises as the price falls, all other things staying the same (no change in the income of the consumer, taste of the consumer and price of other goods). These are other things that can affect demand besides price.For example, if you really like Apple products, you might not mind paying a higher price for the new phone that just came out. If you get a new job and your income goes up, you might not mind paying higher prices for certain goods because of your new-found wealth. | |
| 1854. |
O1 what is Elasticity of pricing ? |
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| 1855. |
Can we draw a kink in frequency polygon graph? |
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| 1856. |
Explain the law of diminishing marginal utility with the help of a utility schedule ? |
| Answer» Ncert solution u find the concept of Marginal utility? | |
| 1857. |
Give notes |
| Answer» | |
| 1858. |
is weighted mean and arithmetic mean different |
| Answer» Yes<br>Weighted Mean is an average computed by giving different weights to some of the individual values. If all the weights are equal, then the weighted mean is the same as the arithmetic mean. | |
| 1859. |
Why india has adopt mixed eco.system? |
| Answer» | |
| 1860. |
Difference between discriptive and infrential |
| Answer» In a nutshell, descriptive statistics focus on describing the visible characteristics of a dataset (a population or sample). Meanwhile, inferential statistics focus on making predictions or generalizations about a larger dataset, based on a sample of those data. | |
| 1861. |
what are thr movements and shifts along the along a supply curve |
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| 1862. |
micro chapter are not there |
| Answer» No | |
| 1863. |
Define demand.state the factors affecting demand for a commodity by a consumer |
| Answer» | |
| 1864. |
Who is economic father |
| Answer» Father of micro-economics. ADAM SMITHFather of macro-economics. John Maynard Keynes | |
| 1865. |
State any one advantage of a diagram |
| Answer» It help u to understand the topics in easy way<br>Helps yoy to derive relationships b/w two terms | |
| 1866. |
What is economics according to Alfred Marshall |
| Answer» Economic is the study of man in his ordinary business life,it inquires how his get his income and how he uses it. | |
| 1867. |
Effect of PPC on Beti Bachao Beti padhao |
| Answer» | |
| 1868. |
Effect of PPC on Smart City |
| Answer» according to Alfred Marshall,"the study of mankind in the ordinary business of life"known as economics<br>Ppc will shift right ward because smart city lead to advanced condition | |
| 1869. |
Effect of Jan Dhan Yojana on PPC |
| Answer» Due to jan dhan yojana the people will open bank a/c their saving will move toward bank which they will invest and due to which investment in the economy will spurt ,resources in terms of capital investment increase due to which ppc will shift right and digital India will effect technology due to which ppc will move rightward | |
| 1870. |
Effect of demonetisation on PPC |
| Answer» Impact of demonetization in India effect PPC of India. In short term PPC of India shift to Leftward. Because in India there is billion dollar of black money.In starting of demonetization (short period) India face many problems. In\xa0India everyone is not aware about internet banking of online payment people face many problem and do not use fuller ultilised of resources in short period. This cause PPC shift to leftward.On the other hand after sometimes everyone know about Net banking and online payment this cause almost all payment made through online not through cash. This cause fuller utilization of resources. In this case PPC shift Right Ward. | |
| 1871. |
Effect of make in India in PPC |
| Answer» Make in India campaign was started by honorable Prime Minister of India with a aim to boost economy and mind you that economy is a process where people work to earn their living. Make In India will increase the production of new items for which technology will be upgraded and new equipments will be needed. Therefore it will impact the PPC with a shift towards it right. | |
| 1872. |
Effect of GST on PPC |
| Answer» One tax regime is a major relief to the manufacturers. It simplified the process and encourage the business man to invest more. GST will lead to increase in production potential, increases the GDP of an economy. Therefore, national imcome of the economy will increase. Due to increase in national income with fuller utilisation of resources, PPC will shift rightward. | |
| 1873. |
What is the effect of PPC due to various government policy |
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| 1874. |
give a formula of calculating arithmetic average in a continuous series |
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| 1875. |
Ncrt solution |
| Answer» | |
| 1876. |
Why moc is increasing |
| Answer» | |
| 1877. |
Explain the relationship between TV & MV |
| Answer» | |
| 1878. |
Explain Production Function with its Factors. |
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| 1879. |
Explicit and implicit cost explain with daily life example |
| Answer» A farmer takes rent & carries on farming with family member? ANS : FARMER TAKES RENT IS A EXPLICT COST AND CARRIES ON FARMING WITH FAMILY IS IMPLICT COST.<br>Explicit cost is that cause which is paid by the form to all outsider other than owner for example electricity bill salary to Staff Implicit cost is that costs paid by the form to the owner of the form for his efforts is building and his Finance | |
| 1880. |
How does change in technology affect supply curve of a firm? |
| Answer» Considering Profit to be in Y axis and Quantity supplied in X axis, Upgradation in Technology, shifts the supply curve Rightwards . And degradation in Technology, shifts the supply curve Leftwards.<br>Left shift | |
| 1881. |
Why price line always zero |
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| 1882. |
Explain and brief uses of correlation in a daily life? |
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| 1883. |
Full form of IAP |
| Answer» In 2007, the Indian academy of Pediatrics (IAP) growth monitoring guideline committee designed growth charts for Indian children from birth to 18 years of age | |
| 1884. |
Economical,political and social impact of the bharatmala project |
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| 1885. |
Case study on the bharatmala project |
| Answer» | |
| 1886. |
What\'s price ceiling |
| Answer» | |
| 1887. |
Distinguish between primary data and secondary data |
| Answer» Primary Data : Primary Data is that data which is collected by the investigator or researcher himself. It is an original form of data collection.1.Primary data is always original as it is col-lected by the investigator.2.Suitability of the primary data is positive because it is systematically collected.3.Primary data is expensive and time consum-ing.4.Extra precautions are not required.5.Primary data is in the shape of raw material.6.Possibility of personal prejudice exists.7.Investigating agency collects the data.8.Requires long time for collection.9.More reliable and suitable to the enquiry because the investigator himself collects it.10.Requires elaborate organisation.Secondary Data : Secondary Data refers to that data which is collected through other sources.1.Secondary data lacks originality. The investi-gator makes use of the data collected by other agencies.2.Secondary data may or may not suit the objects of enquiry.3.Secondary data are relatively cheaper.4. It is used with great care and caution.5.Secondary data is usually in the shape of readymade products.6.Possibility of lesser degree of personal prejudice.7.Some other investigating agency collects it for its own use.8.Requires less time for collection.9.Less reliable and suitable as someone else has done that job of collection which may not serve the purpose.10.Needs comparatively less funds. | |
| 1888. |
Define ppc and it\'s properties |
| Answer» Their is one more point in properties of ppc v curve that is:-3. MOC determines the slope of PPC curve it has 3shapes of ppc curve a. Convex to origin which has. Increasing rate b. Straight line which has constant rate c. Concave to origin with diminished rate<br>In business, the Production Possibility Curve (PPC) is applied to evaluate the performance of a manufacturing system when two commodities are manufactured together. The management utilizes this diagram to plan the perfect proportion of goods to produce to reduce the wastage and cost while maximizing profits.The two main characteristics of PPC are:\tSlopes downwards to the right: PPC slopes downwards from left to right. It is because in a situation of fuller utilisation of the given resources, production of both the goods cannot be increased simultaneously. More of commodity A can be produced only with less production of commodity B.\tConcave to the point of origin: It is because to produce each additional unit of commodity A, more and more units of commodity B will have to be sacrificed. Opportunity cost of producing every additional unit of commodity A tends to increase in terms of the loss of production of commodity B. Production will act upon the law of increasing marginal opportunity cost. | |
| 1889. |
State the main limitations of statistics |
| Answer» The main limitations of statistics are as follows:1.statistics does not study individual observations.2.It gives more importance to quantitaive facts than qualitataive facts.3.statistics results are true only on an average basis.4.statistics may often lead to fallacious conclusions.<br>There are following limitations of statistics :Sometimes, when data are not properly collected 1 then there is likelihood to draw wrong conclusions.Therefore, it is necessary to know the limitations of statistics.(i) Statistics does not study about individuals : Statistics are expressed in facts. It does not study individuals. For example, there are five students in a class. Statistics only tells the average marks obtained in class not how many marks are obtained by every student in the class.(ii) It does not study the qualitative aspect of problem : The most important condition of statistical study is that subject of investigation and inquiry should be capable of being qualitatively measured. For example, honesty, poverty, etc.(iii) Statistics can be misused: The result obtained can be manipulated accordingly to one’s own interest and such manipulated results can mislead the community.(iv) Statistical results lack mathematical accuracy: The results drawn from statistical analysis are normally in approximates. As the satistical analysis is based on observation of mass data, number of inaccuracies may be present and it is difficult to rectify them.(v) Uniformity and homogeneity of data : It is essential that data must have the quality of uniformity and homogeneity. Heterogeneous data are not comparable. For example, it would be meaningless to compare the heights of men with heights of trees because these figures are of heterogeneous character. | |
| 1890. |
Ppc real life example |
| Answer» When a country suffered from a disaster, like flood , than the ppc of that country will move rightwards | |
| 1891. |
Consumer must be aware of their rights |
| Answer» | |
| 1892. |
Define median? What are the merits and demerits of median |
| Answer» Median may be defined a the middle value in the data set when its elements are arranged in a sequential order, that is, either in ascending or descending order of magnitude. It concentrates on the middle or centre of a distribution.According to Connor, "The median is that value of the variable which divides the group into two equal parts, one part comprising all parts greater, and the other values less than median."According to Horace Secrist, "Median of a series is the value of the item actual or estimated when a series is arranged in order of magnitude which divides the distribution into two parts."According to Croxton and Cowden, "the median is generally defined as the value which divides the distribution so that an equal number of items is on either side of it."Merits: \tThe median is useful in case of frequency distribution with open-end classes.\tThe median is recommended if distribution has unequal classes.\tExtreme values do not affect the median as strongly as they affect the mean.\tIt is the most appropriate average in dealing with qualitative data.\tThe value of median can be determined graphically where as the value of mean can not be determined graphically.\tIt is easy to calculate and understand.Demerits:\tFor calculating median it is necessary to arrange the data, where as other averages do not need arrangement.\tSince it is a positional average its value is not determined by all the observations in the series.\tMedian is not capable for further algebraic calculations.\xa0\tThe sampling stability of the median is less as compared to mean. | |
| 1893. |
Find out the standard deviations class interval 5-15 15-25 25-35 35-45 45-55 frequency 8 12 15 6 9 |
| Answer» 13.09 csd =0.45 | |
| 1894. |
Effect on ppc due to various government policy. |
| Answer» What is collection of data<br>Hi | |
| 1895. |
Shows the question paper of class 11 last year with answer |
| Answer» | |
| 1896. |
Compute mean deviation and it\'s coefficient by nean 210, 220, 225,225,225,235,240,250,270,280 |
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| 1897. |
Modern rent theory |
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| 1898. |
Difference between Normal and inferior Goods with one example? |
| Answer» Normal goods +ve relationship b/w income and demand Inferior good -ve relationship....<br>Normal Goods:-when income increases,demand for such goods will also increase. example:- MilkInferior Goods:- when income increases, demand for such goods will decreases.example:- Milk powder | |
| 1899. |
Write mode formula? Give one problem for mode |
| Answer» Example of mode= Continues series [0-10,10-20,20-30,30-40,40-50] frequency (10,9,15,2,6)<br>(f1-fo/2f1-f0-f2*h). F1 means highest frequency given when in the series and f0 is the value given in the series at just upper to f1. F2 is the just down given value .<br>continuous series: z=l1+f1-f0/2f1-f0-f2*icalculate mode of the following:- C.I(0-10,10-20,20-30,30-40,40-50) frequency(2,5,7,5,2) | |
| 1900. |
Why mc curve is u shaped |
| Answer» | |