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.
| 251. |
Define microeconomics |
| Answer» Microeconomics studies about the individual unit<br>Microeconomics is that part of economics in which we study about individual unit of an economy . Ex-individual demand and individual supply.<br>Microeconomics is the study of individuals, households and firms\' behavior in decision making and allocation of resources. It generally applies to markets of goods and services and deals with individual and economic issues. | |
| 252. |
Define economic system.Explain its kinds. |
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| 253. |
Explain the MR - MC approach in detail ? |
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| 254. |
Fisher method |
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| 255. |
Source of human capital |
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| 256. |
What is index number?? |
| Answer» An index number is a statistical device for measuring changes in the magnitude of a group of related variables.Features of Index Number\tIndex numbers are expressed in terms of percentages. However, percentage sign (%) is never used.\tIndex numbers are relative measurement of group of data.\tIndex numbers offer a precise measurement of the quantitative change in the concerned variables over time.\tIndex number show changes in terms of averages.\tThey are expressed in numbers. | |
| 257. |
Explain the consumer equilibrium under the indifference curve analysis (ordinal approach) |
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| 258. |
Difference between open ended and close ended |
| Answer» A closed-end fund has a fixed number of shares offered by an investment company through an initial public offering. Open-end funds (which most of us think of when we think mutual funds) are offered through a fund company that sells shares directly to investors. | |
| 259. |
What is collusive and non collusive oligopoly |
| Answer» Collusive oligopoly is a form of market in which few firms form a mutual agreement to avoid competition.\xa0They form a cartel and fix the output quotas and the market price. Leading firm in the market is accepted by the cartel as a price leader. All the firms in the cartel accept the price as fixed by the price leader.Non-collusive oligopoly is a form of market in which few firms. Each firm has its price and output policy is independent of the rival firms in the market. The entire firms enable to increase its market share through competition in the market. | |
| 260. |
Role of transportation and communication in economic development |
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| 261. |
Define mean |
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| 262. |
How to prepare for class 11 economics supplementary exam |
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| 263. |
Marginal cost meaning |
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| 264. |
Briefly explain the concept of ppc with the help of diagram |
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| 265. |
Cbse reexam question paper with solutions |
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| 266. |
What is gst explain in roman english |
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| 267. |
What are the characteristics of resources which causes economic problem? |
| 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.\xa0 | |
| 268. |
Mention any four non-institutional sources of rural credit in india |
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| 269. |
Show that consumer of a commodity buys more of it when its price falls. Use utility analysis |
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| 270. |
What is oligopoly |
| Answer» Oligopoly is the form of the market in which there is a large number of byuers , but only a few number of sellers of a commodity . | |
| 271. |
State the law of marginal utility |
| Answer» According to the Law of Diminishing Marginal Utility, marginal utility of a good diminishes as an individual consumes more units of a good. In other words, as a consumer takes more units of a good, the extra utility or satisfaction that he derives from an extra unit of the good goes on falling. | |
| 272. |
Formula of finding mean by short cut method |
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| 273. |
Differenciate between primary data and secondary data. |
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| 274. |
Distinguish between sample method and census method. |
| Answer» \tBASIS FOR COMPARISONCENSUSSAMPLINGMeaningA systematic method that collects and records the data about the members of the population is called Census.Sampling refers to a portion of the population selected to represent the entire group, in all its characteristics.EnumerationCompletePartialStudy ofEach and every unit of the population.Only a handful of units of the population.Time requiredIt is a time consuming process.It is a fast process.CostExpensive methodEconomical methodResultsReliable and accurateLess reliable and accurate, due to the margin of error in the data collected.ErrorNot present.Depends on the size of the populationAppropriate forPopulation of heterogeneous nature.Population of homogeneous nature.\t | |
| 275. |
State any 3 limitation of statistics. |
| Answer» Studies only average, aggregate & it is not fully exat | |
| 276. |
What is scatter diagram? |
| Answer» | |
| 277. |
What is the difference between positive correlation and negative correlation |
| Answer» A positive correlation means that the variables move in the same direction. A negative correlation means that the variables move in opposite directions. If two variables are negatively correlated, a decrease in one variable is associated with an increase in the other and vice versa. | |
| 278. |
Tendulkar has a long bat.Is the statement statistics?why/why not? |
| Answer» Tendulkar has a long bat . This statement is not statistics . It is neither an aggregate nor an average . Always remember , only the averages or aggregates of the data that are related to some enquiry ( like population growth in india ) or some phenomenon ( like the inverse relationship between price of a commodity and its demand ) are to be taken as statistics . | |
| 279. |
From where I can find sample papers of class 11 of new syllabus ??? |
| Answer» | |
| 280. |
Who is the creater of economics |
| Answer» Adam smith | |
| 281. |
Define budget line |
| Answer» Budget Line or Price Line This line is showing different combinations of two goods which a consumer can attain at given income and market price of the goods.Equation of Budget Line, M = Px Qx + Py Qy Where, M = MarketPx = Price of Good x, Py = Price of Good yQx = Quantity of Good y, Qy = Quantity of Good y<br>It is the curve which shows the various combination of two goods that can be bought by a consumer given the money income and price of two goods. Thus, it is a diagrammatic presentation of budget set.<br>Define budget line | |
| 282. |
When total revenue from is increasing at a constant rate what can be said about its marginal revenue |
| Answer» MR is constant i.e, parallel to x-axis. | |
| 283. |
State the features of different measures of disperssion |
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| 284. |
Name the error which is more serios |
| Answer» Non sampling errors because it is not minimised | |
| 285. |
Effect of inflation on debtor |
| Answer» I recently pointed out why inflation isn\'t as good for debtors as is commonly assumed. Only if and to the extent it raises nominal income more than it raises the nominal cost of non-debt payments will it really help debtors and improve their ability to repay the debt and meet the debt payments. In most cases it will, but not in all cases, and even in the cases it do the gain is much smaller than is commonly assumed. | |
| 286. |
Relationship between TC and MC |
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| 287. |
Defination of consumer equilebreium |
| Answer» Consumer is said to be in equilibrium when he get satisfaction by spending his money income,price of good is constant where he don\'t want to change his position.<br>The consumer is in equilibrium when, given his income and market prices, he plans his expenditure in such a manner that he maximises his total satisfaction | |
| 288. |
What is mean by price ceiling explain it\'s implication ( Please give me answer ) |
| Answer» Sry but mujhe iska answer nhi atta<br>Anjali Sharma from where u are<br>Kon hai<br>Answers send karo plz kal mera exam hai<br>Jdjje | |
| 289. |
Monopolistic competetion includes the element of perfect competition as well as monopoly.explain how |
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| 290. |
Whose annual exam is over |
| Answer» My exams are also over<br>Mee... | |
| 291. |
What is positive economic and normative economic |
| Answer» Norminal economic:- it is that branch of economics which deals with such issues which involve value judgement, and are not verifiable.Positive economic:- it is that branch of economics which deals with such issues which are verifiable. | |
| 292. |
Deviation bar diagram positive and negative |
| Answer» Both positive and negative | |
| 293. |
Chain effect |
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| 294. |
Stages of production function with diagram |
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| 295. |
What is market equibliream |
| Answer» economic equilibrium is a state where economic forces such as supply and demand are balanced and in the absence of external influences the values of economic variables will not change | |
| 296. |
Consumer equilibrium through indiffernce curve |
| Answer» Diagram ke saat batao<br>Mrs must be tangent to budget line | |
| 297. |
Under perfect competition AR is |
| Answer» horizontal straight line with ed=infinite<br>Under the perfect competition AR is constant | |
| 298. |
why prefect compitition market is price taker |
| Answer» Because no bargaining power or no control over price in perfect competition market | |
| 299. |
Give one reason for decrease in supply of a commodity |
| Answer» Decrease in input price<br>Decrease in price<br>Increase in the price of related goods | |
| 300. |
What is CPI ? {In 6 marks} |
| Answer» Consumer price index. A consumer price index measures changes in the price level of market basket of consumer goods and services purchased by households. The CPI is a statistical estimate constructed using the prices of a sample of representative items whose prices are collected periodically. Sub-indices and sub-sub-indices are computed for different categories and sub-categories of goods and services, being combined to produce the overall index with weights reflecting their shares in the total of the consumer expenditures covered by the index. It is one of several price indices calculated by most national statistical agencies. The annual percentage change in a CPI is used as a measure of inflation. A CPI can be used to index the real value of wages, salaries, pensions, for regulating prices and for deflating monetary magnitudes to show changes in real values. In most countries, the CPI, along with the population census, is one of the most closely watched national economic statistics. | |