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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.
| 3151. |
What is ppc? |
| Answer» Ppc is a curve showing different combinations of two different goods that can be produced with the available resources.. | |
| 3152. |
Theory of demand notes |
| Answer» where | |
| 3153. |
Draw the curve of consumer equilibrium write down the equation of equation marginal utility |
| Answer» | |
| 3154. |
What is meant by individual series |
| Answer» | |
| 3155. |
Discuss the subject matter of Economics ? |
| Answer» Microeconomics and macroeconomics are the subject matter | |
| 3156. |
What is a production possibility frontier ? |
| Answer» | |
| 3157. |
Discuss the central problems of an economy ? |
| Answer» What do prouduce,how do produce,For whom do produce | |
| 3158. |
Consumer equilibrium |
| Answer» Consumer’s Equilibrium : A consumer is said to be in equilibrium when he maximizes his satisfaction, given his money income and prices of two commodity. He attains equilibrium at that point where the slope of IC is equal to the slope of budget line.Condition of Consumer’s Equilibrium(a) Cardinal approach (Utility Analysis) : According to this approach utility can be measured. “Utils” is the unit of utility.Condition(i) In case of one communityWhere, MUm = Marginal utility of moneyMUx = Marginal utility of ‘x’, Px = Price of ‘x’(ii) In case of two commodity.xy and MU must be decreasingunits\tMUx\tMUy\tMUx/Px\tMUy/Py1\t36\t40\t12\t102\t33\t36\t11\t93\t30\t32\t10\t84\t27\t28\t9\t75\t24\t24\t8\t66\t21\t20\t7\t5Assumption, Px= Rs.3Py=Rs.4Y=Rs.20 Here, MUm= 9(b) Ordinal approach (Indifference Curve Analysis): According to this approach utility cannot be measured but can be expressed in order or ranking.Condition of Equilibrium:(i)or budget line must be tangent to indifference curve.(ii) MRS must be diminishing or,Indifference curve must be convex to the origin.Quantity Demanded : It is that quantity which a consumer is able and is willing to buy at particular price and in a given period of time.Determinants of Demand:a). Price of Goodb). Income of Consumersc). Taste & Preference of Consumerd). Change in Price of Related Goodse). Future Expectation to Change in priceChange of Demand :a) Change in quantity Demanded or Movement along Demand curveb) Change in Demand or Shift in DemandMarket Demand :It is the total quantity of the commodity demanded in the market by all consumers at different prices at a point of time.Demand Function :It is the functional relationship between the demand for a commodity and factors affecting demand. | |
| 3159. |
Pdf of economic growth and development |
| Answer» | |
| 3160. |
Government of India introduces the scheme of make in India. How will it affect PPC of our country? |
| Answer» The PPC will shift rightward | |
| 3161. |
When will be the PPC (production possibility curve) downward sloping straight line? |
| Answer» MR is constant through the curve than ppc downward sloping straight line | |
| 3162. |
The difference between microeconomi and macroeconomic |
| Answer» Micro-economic is the study of the behavior of individual economic unit such as price determination of a commodity, behavior of a consumer a producer or a firm. Macro economics is the study of the aggregate and averages relating to the whole economy, eg total employment, national income, general price level, etc. | |
| 3163. |
What is random sampling? |
| Answer» Those sample which can be selected randomly like - a lottery ticket. | |
| 3164. |
What is law of demand |
| Answer» According to law of demand as quantity demanded increase the price decrease when other factors remaining constant | |
| 3165. |
Importance of statistics in production? |
| Answer» | |
| 3166. |
Importance of statistics in accounting and finance? |
| Answer» | |
| 3167. |
Distinguish between frequency polygon and frequency curve through an example |
| Answer» Me to.<br>I dont know | |
| 3168. |
Definition of economics? |
| Answer» Economics is a subject matter that deals with economic problem related to human life .<br>economics is state where people do activities for earning | |
| 3169. |
does the lotary method always gives you random sampling |
| Answer» Yes random sampling is also known as lottary method<br>i think yes..... | |
| 3170. |
What is the difference between qualitative and quantitative data |
| Answer» Sir please give more difference of this. Question atleast 6 difference<br>Qualitative - it is classified on the basis of qualityGood ,bad,poor ,rich,averageQuantitative - on the basis of quantity Weight,height,distance | |
| 3171. |
What is the basis of production?....consumption/investment..? |
| Answer» Investment | |
| 3172. |
Why PPF have concave to the origin? |
| Answer» Because if we produce more unit of good X then we have to sacrifice some units of good Y so, MOC is decreasing and it is concave to origin<br>Because of increase in marginal opportunity cost | |
| 3173. |
What is economics in singular and plural sense |
| Answer» | |
| 3174. |
what are the kinds of errorthat you envisage in process of collecting data?\xa0\xa0 |
| Answer» | |
| 3175. |
Why there is no videos for mirco economics..? |
| Answer» | |
| 3176. |
What to produces |
| Answer» | |
| 3177. |
Present the following information in a bilateral or deviation bar digrams |
| Answer» | |
| 3178. |
What is stats |
| Answer» | |
| 3179. |
What is economocs |
| Answer» ECONOMICS IS THE STUDY OF HOW HAVE HUMAN BEINGS MAKE CHOICES TO ALLOCATE SCARCE RESOURCES TO SATISFY THEIR UNLIMITED WANTS IN SUCH A MANNER THAT CUSTOMERS CAN MAXIMIZE THEIR SATISFACTION , PRODUCERS CAN MAXIMIZE THEIR PROFIT , AND SOCIETY CAN MAXIMIZE ITS SOCIAL WELFARE. | |
| 3180. |
Write about consumer equilibrium |
| Answer» | |
| 3181. |
Discuss the general rules for constructing diagram |
| Answer» | |
| 3182. |
The population of India is 135 crore. Is it statistics? |
| Answer» Yes,it is stat | |
| 3183. |
which are the two types of data are callected for a definate purpose? |
| Answer» Qualitative & quantitative Primary &secondary r sources of data<br>Only primary data is the type of data which is collected for a definite purpose as it is collected by the investigator himself to fulfil his purpose of collecting data. | |
| 3184. |
what is pilot? |
| Answer» Pretesting of questionnaire<br>It is the stratagy used to cheak the questionnaire using a sampler compared to the planned sample size. | |
| 3185. |
Distinguish between statistics in the plural sence and singular sence |
| Answer» in plural sense, it means systematic collection of numerical facts . it indicates information in terms of numbers and numerical data.in singular sense. it refers to the science of studying statical methods. it indicates the technique of collecting , interpreting , presenting and analysing data. | |
| 3186. |
What is the definition of economy |
| Answer» Economy is a system in which people take economic decisions regarding production , consumption , saving and investment ,<br>ECONOMY IS A SYSTEM BY WHICH PEOPLE OF AN AREA EARN THEIR LIVELIHOOD. | |
| 3187. |
"Statistical methods are dangerous weapons in the hands of an unqualified person. "Explain. |
| Answer» please answer of this question | |
| 3188. |
What are the limation of statistics |
| Answer» Based on quantitative data but it should be giving a proper result . Ex ram\'s height is six feet but ahyam height is three feet . Here the fact is ram is three feet higher then shyam . So it is a quantitative result<br>1.does not deal with individual facts,deals with quantitative data only,based on estimates and approximation,beyond the reach of an ordinary person. | |
| 3189. |
define class mid point ? |
| Answer» | |
| 3190. |
what is class limites ? explain with examples? |
| Answer» | |
| 3191. |
what do you mean by class frequency? |
| Answer» | |
| 3192. |
define frequency distribution? |
| Answer» | |
| 3193. |
Featutes of statics |
| Answer» | |
| 3194. |
Plzz give me some sample paper of economics class 11 |
| Answer» | |
| 3195. |
Notes of chapter 3 statistics |
| Answer» | |
| 3196. |
What is ndp fc |
| Answer» | |
| 3197. |
Which book is best for Microeconomics |
| Answer» Tr. Jain and vk. Ohri<br>Sandeep garg<br>T R JAIN<br>T R JAIN<br>Sandeep Garg Introductory Micro Economics | |
| 3198. |
what is scarecity |
| Answer» Scarcity refers to that situation when the resourse (mean) are limited while our wants are unlimited<br>scarcity refers to the limitation of supply in relation to demand for a commodity<br>give me ans | |
| 3199. |
Distinguish between random sampling and systematic sampling give suitable example question |
| Answer» Under\xa0simple random sampling, a sample of items is chosen randomly from a population, and each item has an equal probability of being chosen. Simple random sampling uses a table of random numbers or an electronic random number generator to select items for its sample.Systematic sampling\xa0involves selecting items from an ordered population using a skip or sampling interval. The use of systematic sampling is more appropriate compared to simple random sampling when a project\'s budget is tight and requires simplicity in execution and understanding the results of a study. Systematic sampling is better than random sampling when data does not exhibit patterns and there is a low risk of data manipulation by a researcher. | |
| 3200. |
Difference between random sampling and systematic sampling . give a suitable example. 6marks |
| Answer» - In a simple random sample, every sample of size n has an equal chance of being included.- In a systematic sample, every sample of size n has an equal chance of being included.- In a simple random sample, the clusters to be included are selected at random and then all members of each selected cluster are included.- In a systematic sample, the only samples possible are those including every kth item from the random starting position.- In a simple random sample, the only samples possible are those including every kth item from the random starting position.- In a systematic sample, the clusters to be included are selected at random and then all members of each selected cluster are included.- In a systematic sample, random samples from each strata are included.- In a simple random sample, random samples from each strata are included. | |