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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.
| 3651. |
Three charactestic of table |
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| 3652. |
Which chapter is how many marks |
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| 3653. |
Write the importance of statistics |
| Answer» How stastistics solve problem like poverty? plz tell me<br>1.Its solve economic problem like poverty etc.2.its tells about perfomance of economy3.its gave economic law like law of demand etc. | |
| 3654. |
Tell me important question of both micro and macro. |
| Answer» Theories of both<br>Mera mtlb tha micro and macro mein kon kon se important questions ayenge<br>Micro means small and macro means large micro is at level of individuals and macro at the country level | |
| 3655. |
What is quartiles? |
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| 3656. |
Explain normative economics and positive economic |
| Answer» Positive Economics can be verifiable and verified with facts.Ex:- like 40℅ people of an area is below BPL.it can be verifiedNormative Economics can be suggestive in nature and can not be verified.Ex:-farmers should granted subsidies to ensure good returns on their investment | |
| 3657. |
Census of India is the main source of secondary data. explain |
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| 3658. |
Explain the meaning of consumer\'equilibrium with the help of A table and diagram. |
| Answer» But how to represent diagramatically<br>Consumer equilibrium refers to the situation in which the consumer is having max satisfaction with limited income and has no tendency to change his way of existing expenditure | |
| 3659. |
Coditions of counsumer \'s equilibirium |
| Answer» condition is ..... MU=PRICE<br>Define micro-economics | |
| 3660. |
Indian economics |
| Answer» Economics is the study of economic issues arise out of the fact that resources are scarce in relation to our need and the scarce resources have alternative uses. | |
| 3661. |
How does MRS impact the shape of IC ? |
| Answer» MRS is constantly decreasing due to IC is convex to origin . MRS is sacrificed of a given commodity divide by additional unit of other good | |
| 3662. |
What is consumer equilibrium |
| Answer» Consumer equilibrium refer to a situation in which consumer get maximum satisfaction from his limited income and consumer has no attraction to change this level<br>It is a condition where consumer has maximum satisfaction | |
| 3663. |
features of indifference curve |
| Answer» 1. IC is downward sloping.2. IC is convex towards origin.3. Higher IC gives higher level of satisfaction.4. IC curves may or may not be parallel to each other.5. IC curves never intersect each other.6. IC never touch any axis. | |
| 3664. |
Importants question of 1to 5 chapters |
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| 3665. |
What is consumers equilibrium |
| Answer» It refers to a situation under which a consumer spends his given income on purchase of a commodity in such a way which gives him maximum satisfaction and there is no tendency to change. | |
| 3666. |
What is statistics what are its basic characteristics |
| Answer» Statistics\xa0are the sets of mathematical equations that we used to analyze the things. It keeps us informed about, what is happening in the world around us.Characteristics of Statistics:\tStatistics are aggregates of facts.\tStatistics are numerically expressed.\tStatistics are affected to a marked extent by multiplicity of causes.\tStatistics are enumerated or estimated according to a reasonable standard of accuracy.\tStatistics are collected for a predetermined purpose.\tStatistics are collected in a systemic manner.\tStatistics must be comparable to each other. | |
| 3667. |
What is short time and long time relationship |
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| 3668. |
How to draw pie chart |
| Answer» A pie chart is a circular statistical graphic, which is divided into slices to illustrate numerical proportion. In a pie chart, the arc length of each slice, is proportional to the quantity it represents.<br>To make a pie chart, start by adding up all of your data points to get the total. Then, divide each data point by the total, which will tell you the percentage that each data point makes up of the total. Next, multiply each percentage by 360 to find the angle between that data point and the next lowest data point. | |
| 3669. |
What is sample |
| Answer» Sample mins you can to show that your materials.for sale because Because first we make him look the same, after that if he likes then we take his order.that is called sample. | |
| 3670. |
Arrange these data in the form a frequency distribution using the following class as intervals |
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| 3671. |
what is cardinal apporach ? |
| Answer» In cardinal approach a consumer measures his satisfaction in terms of utils. | |
| 3672. |
What does \' nature of economy\' mean? |
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| 3673. |
Ques no 29 of micro of class 11th of book sandeep garg |
| Answer» Chapter ?<br>Which chapter? | |
| 3674. |
Important chapters in statistics |
| Answer» 5 & 4 are very imp | |
| 3675. |
Factors affecting demand |
| Answer» 1. Price of the given commodity (Px).2. Prices of related goods(Pr).3. Income of the consumer(Y).4. Taste and preferences (T).5. Expectation of change in price in future(F). | |
| 3676. |
Explain the attainment of consumer\'s equilibrium through indifference curve analysis. |
| Answer» We know, a consumer always aims at maximising his/her utility or satisfaction level. A rational consumer, with well defined preferences, will always choose the best bundle among all the bundles available to him, given his/her money income and the prices of the goods and services. In other words, a consumer always tries to attain the highest possibleIC given his/her budget set.Recall, that consumption bundles that lie below the budget line leave the consumer with some unspent income. As compared to this the consumption bundles that lie on the budget line will have more of at least one of the goods and no less of the other. In other words, the consumption bundles that lie on the budget line will be more preferred than those that lie below the budget line. As against this, the consumption bundles that lie above the budget line are unaffordable (i.e. the consumer cannot purchase those bundles with his given money income).From this analysis it can be inferred that the optimum bundle for the consumer must lie on the budget line. The question now arises is where exactly on the budget line.A consumer attains equilibrium at the point where the budget line is tangent to the indifference curve. This optimum point is characterised by the following equality. | |
| 3677. |
Difference between macro and micro economics |
| Answer» 1. Micro economics studies the behaviour of individual units of an economy whereas macro economics studies the behaviour of aggregates of the economy as a whole.2. The tools of micro economics are demand and supply, whereas macro economics are aggregate demand and aggregate supply. | |
| 3678. |
Market Demand is Flatter |
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| 3679. |
What is opportunity cost |
| Answer» The next best opportunity that is foregone example working as sales manager salary 80000 rather than working as sales manager salary 75000<br>Opportunity cost of an activity is equal to the next best alternative which is sacrificed or given up in choosing a given alternative<br>Opportunity cost in economics can be defined as benefits or value missed out by business owners, small businesses, organization, investors, or an individual because they choose to accomplish or achieve anything else. It helps organizations in better decision-making by showing the lost opportunity because of investing over an alternative which can be anything like shares, stock market, real estate, land, services, etc. Generally, the financial report does not show the opportunity cost because it is not only about money or monetary cost. It is also associated with the lost time invested somewhere else which is providing utility. In simple terms, it is a concept in microeconomics that tells you about the output and potential opportunities foregone. | |
| 3680. |
Factor affecting price elasticity of demand |
| Answer» Nature of commodity, availability of substitutes , Share in total expenditure or part of income spent on commodity, Different uses of commodity, Possibility to postpone the consumption, Income of the consumer, Consumers habits, Time period ,price level | |
| 3681. |
Explain? What to producr |
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| 3682. |
Arthshastra atle su |
| Answer» What is this??<br>Hey, Deep you\'re in 11th or 10th????<br>Question not understood dear<br>What | |
| 3683. |
Questions 16 th chapter 8th |
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| 3684. |
What is normal goods |
| Answer» Normal goods refers to those goods whose demand increase with increase in income of consumer. There is direct relationship between income of consumer and demand for normal goods.<br>Normal goods are those goods which demand inrease in response to the increase in income of the consumers | |
| 3685. |
State the objects of classification |
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| 3686. |
Tp mp and ap in single diagram |
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| 3687. |
What is Marginal Rate of Transformation? Explain with the help of example |
| Answer» MRT is the rate at which the units of one good have to be sacrificed to produce one more unit of the other good in a two goods economy. Suppose an economy produces only two goods X and Y. Further suppose that by employing these resources fully and efficiently, the economy produces 1X + 10Y. If the economy decides to produce 2X, it has to cut down production of Y by 2 units. Then 2Y is the opportunity cost of producing 1X. Then 2Y : 1X is the MRT. | |
| 3688. |
what do you mean by Karl Pearson coefficient of correlation and method ? |
| Answer» Karl Pearson was a scientist who discover a formula to solve statistics | |
| 3689. |
Explain with the help of a total product cruve the meaning of increasing return to a factor. |
| Answer» In a given state of technology when the units of variable factors are increased with the units of other fixed factors, the marginal productivity increases, it is called law of increasing returns | |
| 3690. |
Briefly discuss the consumer equibrium in case of two commodity |
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| 3691. |
market rate of exchange |
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| 3692. |
Define mean and discuss its merits and demerits |
| Answer» Merits of mean and Demerits Merits of Mean : 1)\tArithmetic mean rigidly defined by Algebraic Formula.2)\tIt is easy to calculate and simple to understand.3)\tIt is based on all observations of the given data.4)\tIt is capable of being treated mathematically hence it is widely used in statistical analysis.5)\tArithmetic mean can be computed even if the derailed distribution is not known but some of the observation and number of the observation are known.6)\tIt is least affected by the fluctuation of sampling.7) For every kind of data mean can be calculated.Demerits of Arithmetic mean : 1)\tIt can neither be determined by inspection or by graphical location.2)\tArithmetic mean can not be computed for qualitative data like data on intelligence honesty and smoking habit etc.3)\tIt is too much affected by extreme observations and hence it is not adequately represent data consisting of some extreme point.4)\tArithmetic mean can not be computed when class intervals have open ends.5) If any one of the data is missing then mean can not be calculated. | |
| 3693. |
Kese ho sabhi |
| Answer» Perfect<br>Superb.. n u | |
| 3694. |
Questions related with ,mean ,median ,mode. |
| Answer» Why is the arithmetic mean the most commonly used measure of central tendency ?<br>Name any two mathematical averages. | |
| 3695. |
Micro economic chapter 3 in project work |
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| 3696. |
Define mean,median,mode |
| Answer» Mean is average of statistical data.Mode is mostly repeated data in statistical series.Median is middle of statistical series around which all works. | |
| 3697. |
What is the economics |
| Answer» Economics is a subject matter that deals with human related issues...* Here issue refers to problem of choice...<br>Economics is the science which studies the human behaviour as a relationship between given ends and scars which have alternative uses.<br>It is a social science in which studies how to alocate the limited resources having alternative uses to produce goods and services..<br>Evonomics is a social science that studies human behaviour and a relation between unlimited wants and limited resouces<br>An economy is a system which provides people which means to work and earn a living. OR Economics means \'Household Management\'. | |
| 3698. |
What do you mean by break even point ? |
| Answer» The break even point is the production level where total revenues equals total expenses. | |
| 3699. |
Difference between micro and macro economics |
| Answer» *Microeconomics studies economic problems at the level of an individual--an individual firm, an individual household or an individual consumer.*Macroeconomics studies economic relationship or economic problems at the level of the economy as the whole. Might this will help u...<br>Correct<br>Macroeconomics-it is a branch of economics which deals with the economic issues or problems at the level of whole as a economy.<br>Microeconomics- it is a branch of economics in which it deals with the economic issues or problems at the level of individual or a firm . | |
| 3700. |
What do u mean by measures of central tendency? |
| Answer» A measure of central tendency is a single value that describes the way in which a group of data cluster around a central value. To put in other words, it is a way to describe the center of a data set. There are three measures of central tendency: the mean, the median, and the mode. | |