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.
| 3501. |
What is meant by pace of growth |
| Answer» ???? intelligent student ho phir v question puch rhe ho | |
| 3502. |
Essential goods are always scarce. True or false. Give reasons |
| Answer» True because the goods are essential and useble by every maximum people.<br>it is false that essential goods are always scarce if supply exceeds demand at zero price<br>false | |
| 3503. |
What are the three central problems of an economy? |
| Answer» What yo produce , How to produce and when to produce.<br>What to produce,how to produce,for whom to produce | |
| 3504. |
Calculate the arthemitic mean by direct and shortcut method |
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| 3505. |
What is micro macro paradox ? |
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| 3506. |
The R.B.I method of credit control may be broadly divided into |
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| 3507. |
Duscuss the central problems of an economy |
| Answer» The central problems of an economy can be defined as the problems faced by every economy in the world and they are particularly related with problem of choice, because of scarce resources, alternative uses of resources and unlimited human wants.Central problems are divided into three categories -1.\xa0What to produce this problem is related with problem of choice of producing wether capital goods or consumer goods.2.\xa0How to produce\xa0this problem is related with problem of choosing tecnique of production. The choice is to be made between capital intensive technique of production or labour intensive technique of production.3.\xa0For whom to produce\xa0this problem is related with problem of choosing for which group of people goods are to be produced. Wether production is to be done for richer section of society or poorer section of society.\xa0\xa0 | |
| 3508. |
Explain the factors affecting price elasticity of demand |
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| 3509. |
Distinguish between primary and secondary source of data |
| Answer» \tPrimary DataSecondary DataDefinitionPrimary data are those that are collected for the first time.Secondary data refer to those data that have already been collected by some other person.OriginalityThese are\xa0original because these are collected by the investigator for the first time.These\xa0are not original because someone else has collected these for his own purpose.Nature of DataThese\xa0are in the form of raw materials.These\xa0are in the finished form.Reliability and SuitabilityThese\xa0are more reliable and suitable for the enquiry because these are collected for a particular purpose.These are\xa0less reliable and less suitable as someone else has collected the data which may not perfectly match our purpose.Time and MoneyCollecting primary data is quite expensive both in the terms of time and money.Secondary data requires less time and money; hence it is economical.Precaution and EditingNo particular precaution or editing is required while using the primary data as these were collected with a definite purpose.Both precaution and editing are essential as secondary data were collected by someone else for his own purpose.\t | |
| 3510. |
calculate the marginal opportunity cost of commodity X for the given combination |
| Answer» Y will sacrifises.<br>The quantity of the Good Y sacrificed | |
| 3511. |
Taking 2004 as base yaer, cnstruct the index number of the yera 2005 and 2009 |
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| 3512. |
How we make a multiple bar diagram for following data |
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| 3513. |
Notes of economics for statistics |
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| 3514. |
Project on - opportunity cost an economic tool taking real life situations |
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| 3515. |
scarcity means? |
| Answer» Limitation of resources in relation to demand for a commodity.Resources are in limited quantity , as a result good are not readily available to fulfill all the wants of consumers so this leads to scarcity of resources. "Hope this answer will help you out" ??☺️?<br>Scarcity means when supply is less than demand<br>Scarcity means shortage of goods and resources in relation to their demand. | |
| 3516. |
Defune majot problem of the economy |
| Answer» The Economic problem –sometimes called basic or central economic problem – asserts that an economy\'s finite resources are insufficient to satisfy all human wants and needs. | |
| 3517. |
What is Indifference Schedule |
| Answer» An indifference schedule is a list of combination of two commodities, the list being so arranged that a consumer is indifferent to the combinations, preferring none of them to any of other. | |
| 3518. |
what mailing method |
| Answer» \xa0Some surveys can be conducted through the use of mail questionnaire. Under this method, a list of questions pertaining to the enquiry is prepared and sent to various informants by post. The questionnaire contains questions and provide space for answers. A request is made to the informants through a covering letter to fill up questionnaire and send it back within a specified time.Merits :1. The merit of this method is that it does not allow the influencing of the respondent by the interviewer.2. Mailing costs are much lower than the costs of personal visits.3. It allows the respondents to remain anonymous.4. It can reach all groups including those whose personal specialization is not possible.Demerits :1. This method can be adopted where the informants are literate people.2. It involves some uncertainty about the response.3. The informations supplied by the informants may not be correct. | |
| 3519. |
why currancy rate was difference in difference countries |
| Answer» | |
| 3520. |
Please give me complete notes of microeconomics of class11 |
| Answer» See in the intro of economics subject first chapter intro of microeconomics | |
| 3521. |
Statistics is defined as the sciey which deals with the analysis of statistical data |
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| 3522. |
Mode of collection of data and its merits and demirits |
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| 3523. |
Suggest me a YouTube channel for economics |
| Answer» It will be better if you develop your concepts using books in this initial stage as you have ample of timeI found SANDEEP GARG books to be the best among all | |
| 3524. |
How govt. Policies effrct on ppc ( 20 pages) |
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| 3525. |
Explain statistical method are dangerous weapons for unqualified people |
| Answer» The above statement pertains the limitation of statistics as given below:\xa0It indicates that statistics can be used only by those persons who have special knowledge of statistical methods. The techniques of statistics are not so simple to be used any layman.\xa0Those who are ignorant about these methods cannot make sensible use of statistics, leading to dangerous consequences. The statistical techniques can be used only by the experts as they are complicated in nature. A layman can misuse statistics and draw any type of conclusion he likes. For example, a person who is not well versed with statistical methods may\xa0assume that the average age of 20 persons represents the actual age of those 20 persons. However, this is not true. Out of those 20 persons, some of them will be aged below 20 years, some above 20 years and a few can be aged 20 years.<br>Thanks good friend | |
| 3526. |
Information about ppc |
| Answer» production possibility curve is a locus that shows all possible combinations of two good which can be produced by making full and efficient use of all the available resources and technology in an economy | |
| 3527. |
Expalin the Capitalist & Socialists Economy. |
| Answer» The capitalist model of development in which\xa0development was left entirely to the private sector\xa0in place of social welfare. The Capitalist affords economic freedom, consumer choice, and economic growth.The socialist model of development in which private property was abolished and all the production was controlled by the state. It aims at the\xa0public\xa0sector, planning to establish an\xa0egalitarian society. The Socialist model provides greater social welfare and decreases business fluctuations. | |
| 3528. |
Study of market demand for particular commodity is macroeconomics concept |
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| 3529. |
Normal goods example on graph |
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| 3530. |
Why is it important to study ecomics |
| Answer» Because it is part their study subject and job sector | |
| 3531. |
1..how will u choose the wants to be satisfied? |
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| 3532. |
Can I get notes and solutions and question and answers of all chapters |
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| 3533. |
How to make a project on PPC |
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| 3534. |
Statistics is the science of averages.explain by giving examples |
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| 3535. |
Descriptive statistics means?? |
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| 3536. |
MENTION THE INDICATORS OF HDI\' |
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| 3537. |
Explain attainable and unattainable combinations of output |
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| 3538. |
In which direction ppc will shift due to a massive unemployment in the country |
| Answer» Thanks yogita<br>Massive unemployment will not shift the PPC curve to left. Infact, the point on PPC where the economy was producing earlier will shift below the PPC. This is because unemployment implies inefficient use of resources and this inefficient use of resources is depicted by shifting the point below the PPC. | |
| 3539. |
What is the main source of secondary data |
| Answer» Government publications\xa0Reports of committees and commissionsPublications of research scholars. | |
| 3540. |
Can you please prepare a pdf of statistics all formulas .its a request |
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| 3541. |
How moc is different from mrt? |
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| 3542. |
Can we opt economics in humanities stream ?? Plzzz reply ? |
| Answer» Noooo | |
| 3543. |
Economics subject humanities ke students le skte hain kya??? Plz reply |
| Answer» Hmm le skte hain?? | |
| 3544. |
Uses of census method |
| Answer» Khud dekhle | |
| 3545. |
Define the subject matter of economy |
| Answer» \tThe subject matter of economics includes microeconomic\xa0and macroeconomics.\tMicroeconomics, studies the behaviour of individual economic units of an economy, like households, firms, individual consumers and producers etc. It does not study the economy as a whole.\tMacroeconomics is the part of economic theory that studies the economy as a whole, such as national income, aggregate employment, general price level, aggregate consumption, aggregate investment, etc. | |
| 3546. |
Difference between cardinal and ordinal utility |
| Answer» Differences between cardinal utility and ordinal utility are\tBasisCardinal UtilityOrdinal UtilityMeaningCardinal utility means that satisfaction can be measured in cardinal numbers such as 1, 2, 3 etc.Ordinal utility refers to satisfaction that cannot be measured in cardinal numbers and we just rank the scale of preferences and make use of ordinal numbers like 1st, 2nd,etc.Proposed byThis concept was proposed by Alfred Marshall.This concept was proposed by JR Hicks and Allen.RealisticCardinal utility is less realistic than ordinal utility.\xa0Ordinal utility is more realistic than cardinal utility.MeasurementUtility is measured in \'utils\'.Utility is ranked based on satisfaction.ExamplesUtility derived from the consumption of an apple is 6 utils.Utility derived from the consumption of bread is 10 utils.Strawberries gives more satisfaction than apples.Pen gives more satisfaction than pencils.\t | |
| 3547. |
How price of related goods affect the demand for a community? Explain with diagram? |
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| 3548. |
What is plan |
| Answer» Are jaise tum aur main gummi jaye toh yeah ek plan hai<br>Hi nehaPlan is a decision which we do in present time or future time<br>Sone aur ghoomne aur thoda padhne ka | |
| 3549. |
Scarcity is the cause of economic problem.Defend or refute |
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| 3550. |
Marginal utility |
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