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.
| 2001. |
what is scarce resources |
| Answer» Scarce resources are the workers, equipment, raw materials, and organizers used to produce scarce goods.Like the more general society-wide condition of scarcity, a given resource falls into the scarce category because it has a limited availability in combination with greater (potentially unlimited) productive uses. | |
| 2002. |
Economic challenges faced by India on the eve of independence\xa0\xa0 |
| Answer» Indian economy at the time of independence was in a very bad shape.\t\t(i) Low Agricultural Productivity During the colonial rule Indian agricultural sector was exploited by the British to serve their own interest. As a result, Indian agricultural sector experienced stagnation, low level of productivity and lack of investment in technology, fertilizers and irrigation facilities. This resulted in poor condition of landless farmers and peasants. Commercialization of agriculture created shortage of food grains in India. Thus, the immediate concern for India was to develop its agricultural sector and its productivity to become self reliant and ensure food security for people. Some of the immediate reforms needed at the time of independence were abolition of zamindari system, need of land reforms, (educing inequality of land ownership and upliftment of the peasants apart from increasing the use of fertilizers and belter technology.\t\t\t(ii) Under-developed Industrial Sector India failed to develop a sound industrial base during the colonial rule. There was a need of huge capital investments, infrastructure, human skills, technical know how and modern technology for industrialization. Further, due to stiff competition from the British industries, India\'s domestic industries had failed to sustain. Thus, development of small scale and large scale industries simultaneously while facing capital shortage was a matter of concern for India. The need to increase the share of industrial sector to India\'s GDP was one of the important Economic challenges for India.\t\t\t(iii) Inadequate Infrastructure Although, the British brought about significant infrastructural development in the country, but it was done only for serving their interests and was not sufficient to improve the performance of agricultural and industrial sector in the country. Also, there was a need to upgrade and to modernize the existing Infrastructure to enhance its efficiency and effectiveness.\t\t\t(iv) Poverty and inequalities India was trapped in the vicious circle of poverty and inequality. The colonial rule drained out a significant portion of India\'s wealth to Britain Consequently, majority of India\'s population was living in abject poverty. Economic inequalities wore present across the country duo to the different economic classes that had emerged due to British policies like zamindari system.\t | |
| 2003. |
Discuss the scope of economics. |
| Answer» Scope of Economics : The continuous growth in the subject matter of economics has led to divergent views about a scope of economics. It includes Subject matter of Economics, Economics is a science or an Art, or is it a Positive or Normative science.Subject\xa0Matter of Economics: The subject matter of economics is the study of grounds of material interests or as the science of wealth. Men who are sensible beings and take action under the active social, legal and institutional group. It eliminates the performance, manners of socially objectionable and uncharacteristic persons like misers, thieves etc. It consists of the study of the exertion of consumption, production, exchange and distribution of wealth, as well as the fortitude of the values of goods and services the amount of employment and the determinants of fiscal development. Further it comprises the study of grounds of poverty, unemployment, under employment, inflation etc. and actions for their elimination.Economics as a Science\xa0: Economics is a science since its laws have widespread soundness such as the law of diminishing returns, the law of diminishing marginal utility, the law of demand etc. It is called as a science since its self-remedial nature. It goes on amendments in the dawn of new specifics based on interpretations. Hence Economics is a science like any other science that has its own generalisations, theories or laws of economics which traces out a casual relationship between two or more phenomena.Economics as an Art : The\xa0practical application of scientific techniques is the Art of Economics. Some economists consider economics as a science and art while few others as science and applied science. It is considered as newest of science and oldest of arts and the queen of all the social sciences.Economics as a Positive Science\xa0: As per the nineteenth century experts, economics is a positive science. Since it seeks to explain what has actually happened but not what is ought to happen. According to J.N.Keynes, Positive science is defined as"A body of systematised knowledge concerning what ought to be and concerned with the ideal as distinguished from the actual."\xa0 | |
| 2004. |
Where is option to download? |
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| 2005. |
How can i download revision notes |
| Answer» | |
| 2006. |
What is economics ? |
| Answer» | |
| 2007. |
Explain occupational structure of india before 1947? |
| Answer» Refer to NCERT books | |
| 2008. |
What\'s is data |
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| 2009. |
What is the difference between discrete and continuous series? |
| Answer» Sus | |
| 2010. |
Negative impact of british rule in india |
| Answer» | |
| 2011. |
What is censys method |
| Answer» A survey which include every element of the population is know as census method. | |
| 2012. |
Exercise of chapter4 of statistics |
| Answer» | |
| 2013. |
Sums of statistics for economics of chapter4 |
| Answer» | |
| 2014. |
What are general guidelines for construction of frequency distribution |
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| 2015. |
What are the difference between micro econòmics and macro econòmics ? |
| Answer» \tMicroeconomics studies the particular market segment of the economy, whereas Macroeconomics studies the whole economy, that covers several market segments.\tMicro economics stresses on individual economic units. As against this, the focus of macro economics is on aggregate economic variables.\tWhile microeconomics is applied to operational or internal issues, environmental and external issues are the concern of macro economics.\tMicroeconomics deals with an individual product, firm, household, industry, wages, prices, etc., while Macroeconomics deals with aggregates like national income, national output, price level, etc.\tMicroeconomics covers issues like how the price of a particular commodity will affect its quantity demanded and quantity supplied and vice versa while Macroeconomics covers major issues of an economy like unemployment, monetary/ fiscal policies, poverty, international trade, etc.\tMicroeconomics determine the price of a particular commodity along with the prices of complementary and the substitute goods, whereas the Macroeconomics is helpful in maintaining the general price level.\tWhile analysing any economy, micro economics takes a bottom-up approach, whereas the macroeconomics takes a top-down approach into consideration. | |
| 2016. |
All numerical data cannot be called Statistics but all statistics are called numerical data. Explain |
| Answer» Statistics is often regarded as being a means by which observations are expressed numerically in order to investigate casual relationship between the variables. Any fact, to be called statistics must be numerically expressed (so that it can be counted, divided or be subject to mathematical analysis) and should be placed in relation to each other. But qualitative data cannot be included in statistics unless they are quantified by assigning some figures for assessment. However, not all numbers are comparable and measurable.For example : The fact that height of a student is five feet tells nothing, unless it is comparable. Thus for figures to be included in statistics, they must be aggregate of facts and not individual figures. Thats why it is rightly said that statistics are figures but all figures are not statistics | |
| 2017. |
What is a economic |
| Answer» Economic means maximum satisfaction of our wants in limited means of scare resources..<br>Economic is a subject in which we study the economic problems which arisses due to the scarcity of resorces<br>Economics is "a social science concerned chiefly with description and analysis of the production, distribution, and consumption of goods and services". Economics focuses on the behaviour and interactions of economic agents and how economies work. | |
| 2018. |
What are the reason for the failures of planning |
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| 2019. |
Is economics available in Hindi language |
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| 2020. |
Construction of frequency and telecast |
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| 2021. |
What is Lorenz curve |
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| 2022. |
What will be the expansion of 5, 10,15, 20 and 25. |
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| 2023. |
Participation of government in my idustrialisation why...? |
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| 2024. |
Statistics can only deal with quantitative data |
| Answer» Yes statistics can only deal with quantiative data not with qualiative data because statistics cannot read quality like good bad etc | |
| 2025. |
Utility value of goods |
| Answer» | |
| 2026. |
Ncert solution of index number pleaseeeeee |
| Answer» | |
| 2027. |
What is the meaning of economics |
| Answer» Economics is the study of how people and society choose the scare resources that could have alternative uses of satisfy there wants. | |
| 2028. |
How to construct cost of living index ? |
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| 2029. |
What will be the ut question |
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| 2030. |
Who is called Father of statistics ? |
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| 2031. |
"Poverty in India has been studied from two points :urban and rural ".Comment. |
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| 2032. |
Two company A and B ratio of their profit 4:5 |
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| 2033. |
What is mean and it\'s part |
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| 2034. |
What is individual series |
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| 2035. |
Explain qualities of good sample |
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| 2036. |
How to analysis table after grouping in computation of mode |
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| 2037. |
Why classified data is better than raw data |
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| 2038. |
What were the main cause of india\'s agricultural stagnation during the colonial period? |
| Answer» The main reason was commercialization in which people were forced to grow cash crops {timber,cotton,etc} and peasants have to pay high revenue to zamindars and their crops were sold to british and british paid a very less amount of money to them . | |
| 2039. |
Do you think outsourcing is good for India? Why arw developed countries opposing it? |
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| 2040. |
Brief note on Indian economy prior to British rule? |
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| 2041. |
Practicals questions for organisation of data |
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| 2042. |
project on economic reforms since 1991 or new economic policy |
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| 2043. |
Objective of claasification |
| Answer» 1.simplification &briefness2.utility3.distinctiveness4.comparability5.scientific arrangement6.attractive & effective | |
| 2044. |
What are perspective plans |
| Answer» | |
| 2045. |
What are the demerits primary data |
| Answer» Suitable for wide area only<br>Expensive in terms of time, money, efforts and only suitable for area only | |
| 2046. |
What is plan? |
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| 2047. |
What is budget line and how to derived |
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| 2048. |
Difference between statistics in singular and plural sense |
| Answer» Singular Sense:In singular sense, it means the science of counting or science of average. This definition has the following features:\tCollection of data:\tMost of the statistical analysis is performed on the basis of collected data. The methods of data collection like primary and secondary, census and sampling etc. are related with data collection.\tOrganization of data:\tAfter collecting data, systematic arrangement is essential. They are organized and presented in table on the basis of rows and columns. This process is known as presentation of data.\tAnalysis of data:\tThe organized data presented need to be analyzed. There are various tools of analysis in statistics like average, co-relation, regression, dispersion, etc.\tInterpretation of data:\tAfter analysis, results are interpreted and conclusions are drawn. IT is the last and most essential part of the work. If findings are interpreted wrongly, wrong conclusion is obtained.Plural Sense:In the plural sense, it refers to the numerical facts and figure systematically collected for some special purpose. This definition has the following features:\tStatistics are aggregate of facts:\tIn statistics, the single numerical figure has no meaning. It is not statistics. The numerical figures of production, income, price of commodities, students of the class etc. are statistics.\tThe values of statistics are numerically expressed:\tThe values of statistics are countable as well as numerically expressed. For example, the numbers of students in Siddhartha College in grade 11 are 400. Among them 264 are female and 136 are male, which constitute statistics.\tStatistics are collected in a systematic manner:\tFirstly, we have to think about the field of study. Then, data should be collected by applying suitable methods and work should be carried out in systematic manner. Otherwise, interpretation and conclusion may be wrong or misleading.\tStatistics are collected for a pre-determined purpose:\tWe must have well defined purpose, specific aims and objectives before we collect data. Suppose, if we want to compare the performance of students in grade XI in Siddhartha College in one subject or more, we must specify the subject and the year, for which comparison is carried out.\tStatistics makes easy to comparison:\tThe collected numerical data constitute statistics if they are comparable. To make valid comparison, the data should be homogeneous. For example, the passed number of students of Siddhartha College and other College constitute statistics, as they are comparable. But weight of the students and their intelligence do not constitute statistics as they are not comparable. | |
| 2049. |
I want worksheet for 11th Economics |
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| 2050. |
Explain the problems of social and economic infrastructure of lndia |
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