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.
| 1951. |
What is meant by subsistence agriculture ? |
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| 1952. |
What are the adverse effects of globalisation on the Indian economy???? |
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| 1953. |
What is capitatism |
| Answer» It is an economy in which production units(land, labour, entrepreneur) are controlled and managed by private indivuals and main motive behind this is to maximise profit. | |
| 1954. |
Which of the methods is serious sampling or non sampling? |
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| 1955. |
Reliability of data in sample method |
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| 1956. |
What were the main cause of indias agriculture stagnation during the colonical peroid |
| Answer» 1.land settlement 2.zamindari system 3.irication fesilites 3.two flood effect<br>Partition of the country | |
| 1957. |
What\'s is Indian economy |
| Answer» Scarcity | |
| 1958. |
Discuss the role of statistics of economic planning. |
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| 1959. |
Why india opt for industrialization |
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| 1960. |
Why did india opt for industrialization |
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| 1961. |
What is the collection of data |
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| 1962. |
How to calculate 2missing frequency when assumed mean is given |
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| 1963. |
distinguish between tabulation and classification |
| Answer» \tBASIS FOR COMPARISONCLASSIFICATIONTABULATIONMeaningClassification is the process of grouping data into different categories, on the basis of nature, behavior, or common characteristics.Tabulation is a process of summarizing data and presenting it in a compact form, by putting data into statistical table.OrderAfter data collectionAfter classificationArrangementAttributes and variablesColumns and rowsPurposeTo analyse dataTo present dataBifurcates data intoCategories and sub-categoriesHeadings and sub-headings\t | |
| 1964. |
Some merits and demerits of lebraligation privatization and globalisation |
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| 1965. |
Write any three demerits of median |
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| 1966. |
what are the three types of classification of data ? |
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| 1967. |
Difference between exclusive and inclusive series |
| Answer» exclusive inclusive difference | |
| 1968. |
Why do you want study statstics?gve reasons |
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| 1969. |
Aarthik economy kya hai ? |
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| 1970. |
Why india opt for planning |
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| 1971. |
How to draw a pie chart. |
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| 1972. |
Frame five two way questions with yes or no |
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| 1973. |
What is the purpose of infrastructure |
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| 1974. |
What are the features of indian agriculture on the eve of independence? |
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| 1975. |
What were loopholes of land ceiling legislation |
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| 1976. |
The project given in book back |
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| 1977. |
What is difference between Physical Capita and Human Capital |
| Answer» Physical Capital(i)\tIt increases physical goods.(ii)\tIt is a economic and technical process.(iii)\tPhysical capital is tangible.\t(iv)\tIt can be sold in the market.\t(v)\tThe physical capital is separable from its owner.\t(vi)\tPhysical capital formation can be built even through imports.\tHuman Capital\t(i)\tIt increases knowledge and efficiency.(ii)\tIt is partly a social process.\t(iii)\tHuman capital is intangible.\t(iv)\tIt can’t be sold in the market.\t(v)\tHuman capital is not separable from its owner.\t(vi)\tHuman capital formation is to be done through conscious policy formulations. | |
| 1978. |
Limitations of statistivmcs |
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| 1979. |
what do you mean by secondary data?mention its sources. |
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| 1980. |
Explain the factors determining demand |
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| 1981. |
What is market demand curve |
| Answer» The market demand curve is the summation of all the individual demand curves in a given market. It shows the quantity demanded of the good by all individuals at varying price points. | |
| 1982. |
What is market demand |
| Answer» Demand is the quantity of a good or service that consumers and businesses are willing and able to buy at a given price in a given time period. Market demand is the sum of the individual demand for a product from buyers in the market. | |
| 1983. |
What is the difference between demand and Quantity demanded |
| Answer» The following points are noteworthy so far as the difference between demand and quantity demanded is concerned:\tDemand is defined as the willingness of buyer and his affordability to pay the price for the economic good or service. Quantity Demanded represents an exact quantity (how much) of a good or service is demanded by consumers at a particular price.\tDemand refers to the graphing of all the quantities that can be purchased at different prices. On the contrary, quantity demanded, is the actual amount of goods desired at a certain price.\tWhen a person talks about increase or decrease in demand, it means the change in demand. Conversely, if a person talks about expansion or contraction of demand, he refers to the change in quantity demanded.\tChanges in demand are due to the factors other than price, i.e. income, the price of complementary goods, the price of substitutes, etc. On the other hand, changes in quantity demanded is due to price.\tChange in demand will result in the shift in the demand curve. As opposed to quantity demanded, where the change may lead to the movement along the demand curve. | |
| 1984. |
What is drain of wealth ? |
| Answer» \xa0The concept \'Drain of wealth\' means exploitation of economic resources of a country by the colonial / imperial power. Drain of wealth was at random during the British colonial regime in India. Then the British colonial power syphoned India\'s natural resources, raw materials and paralysed the entire economy by way of taxation and other oppressive measures. India was turned into a market of British manufacturing goods. Dadabhai Nauroji the great early nationalist advanced the theory of \'Drain of wealth\' in India by the British in 19th century. | |
| 1985. |
what is inclusive growth ? |
| Answer» | |
| 1986. |
Scarcity causes economic problems.How? |
| Answer» when we have unlimited wants and limited resources this is the main root of scarcity cause economics problem<br>Scarcity implies to the lack of required materials such as raw material, adequate technologies, or other needed resources or more import i.e. deficit\xa0that ultimately affects the growth and development of industries or economy of a country in collective form. Lower growth, slow development, unemployment, salary cut off, recession i.e. employed becomes unemployed and others. Scarcity therefore implies to economic problem.<br>Sacrity cause economic problems because Sacrity prevents all the needs and demands of all people from being fullfilled | |
| 1987. |
Which method out of expenditure and income is better to define poverty |
| Answer» | |
| 1988. |
Does population growth always compound the problem of poverty |
| Answer» nejs | |
| 1989. |
What is meant by term "measurement problems" in context to human capital formation |
| Answer» | |
| 1990. |
What do you mean\xa0by poverty line?\xa0 |
| Answer» Ans.\xa0Poverty Line is an economic benchmark and poverty threshold used by the government of India to indicate economic disadvantage and to identify individuals and households in need of government assistance and aid. It is determined using various parameters which vary from state to state and within states. | |
| 1991. |
How to find missing one\xa0frequency by arithmetic mean is given of ungrouped data. |
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| 1992. |
Spearman\'s rank correlation in detail\xa0 |
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| 1993. |
1. How did green revolution benefit and harm the farmers? |
| Answer» List of Advantages of Green Revolution1. It allows agricultural operations on a large scale.2. It has the potential to be able to grow any crop anywhere.3. It eliminates the need to fallow lands.List of Disadvantages of Green Revolution1. It cause pests and weeds to develop hazards.2. It employs mono-culturing.3. It would have difficulties with varied soil type by location.\xa0hope you can explore these points in details | |
| 1994. |
what do you mean by classification?\xa0 |
| Answer» organizing or arranging something into different classes or group !<br>Grouping of similar things togther is called classification. | |
| 1995. |
Explain difficulties or problems facing while the construction of index numbers\xa0 |
| Answer» Ans.\t\tDifficulties in the Selection of the Base Period: The first difficulty relates to the selection of the base year. The base year should be normal. But it is difficult to determine a truly normal year.\t\t\tDifficulties in the Selection of Commodities:The selection of representative commodities for the index number is another difficulty. The choice of representative commodities is not an easy matter. They have to be selected from a wide range of commodities which the majority of people consume.\t\t\tDifficulties in the Collection of Prices:Another difficulty is that of collecting adequate and accurate prices. It is often not possible to get them from the same source or place.\t\t\tArbitrary Assigning of Weights:In calculating weighted price index, a number of difficulties arise.The problem is to give different weights to commodities.The selection of higher weight for one commodity and a lower weight for another is simply arbitrary. There is no set rule and it entirely depends on the investigator.\t\t\tDifficulty of Selecting the Method of Averaging:Another difficulty is to select an appropriate method of calculating averages. There are a number of methods which can be used for this purpose.\t\t\tDifficulties Arising from Changes Overtime:In the present times, changes in the nature of commodities are taking place continuously overtime due to technological changes. As a result, new commodities are introduced and people start consuming them in place of the old ones.\t\t\tNot All Purpose:An index number constructed for a particular purpose cannot be used for some other purpose.\t\t\tInternational Comparisons not Possible:International price comparisons are not possible with index numbers. The commodities consumed and included in the construction of an index number differ from country to country.\t\t\tComparisons of Different Places not Possible:Even if different places within a country are taken, it is not possible to apply the same index number to them. This is because of differences in the consumption habits of people.\t\t\tNot Applicable to an Individual:An index number is not applicable to an individual belonging to a group for which it is constructed. If an index number shows a rise in the price level, an individual may not be affected by it. This is because an index number reflects averages.\tConclusion:It may be concluded from the difficulties and limitations of index numbers that index numbers are at best approximations to measure changes in the value of money. However, these difficulties become less significant if index numbers are constructed for short intervals. This is because habits, tastes, techniques of production and the qualities of commodities entering into a price index number do not change during the short period. | |
| 1996. |
Mention two essentials of a good average\xa0 |
| Answer» Ans. Some essential of good average are following :\tGood Average should be based on all the observations\tGood Average should not be unduly affected by extreme value\tGood<i>\xa0</i>Average should be easy to calculate and simple to understand\tGood\xa0Average should be capable of further algebraic treatment\tGood\xa0Average should not be affected by variations of sampling | |
| 1997. |
What are the features of liberalization,privatization and globalization? |
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| 1998. |
What is source of FDI IN INDIA OTBA\xa0 |
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| 1999. |
"Horrors of one-child policy leave deep scars in Chinese society". Justify the statement ? |
| Answer» Ans.\tThe coercive techniques used by the authorities in China to ensure success of the One Child Policy.\tEmotional and Psychological voids created in the lives of millions of Parents and Single Child in the family. | |
| 2000. |
What do you understand by quantitative and qualitative data?\xa0 |
| Answer» Ans. Quatitative data are anything that can be expressed as a number, or quantified. Examples of quantitative data are scores on achievement tests,number of hours of study, or weight of a subject. These data may berepresented by ordinal, interval or ratio scales and lend themselves to most statistical manipulation.Qualitative data cannot be expressed as a number. Data that represent nominal scales such as gender, socieo economic status, religious preference are usually considered to be qualitative data.Both types of data are valid types of measurement, and both are used in education journals. Only quantitative data can be analyzed statistically, and thus more rigorous assessments of the data are possible. | |