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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.
| 3751. |
Lorenz curve drawn on graph papers. |
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| 3752. |
Explain producer equilbrium |
| Answer» producer equilibrium refers to that price and output combination which brings maximum profit to the producer and profit decline as more is profit | |
| 3753. |
Explain lvp |
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| 3754. |
What is correlation. What are the important of correlation |
| Answer» \xa0Correlation is a statistical tool which studies the relationship between two variables e.g. change in price leads to change in quantity demanded.Correlation studies and measures the direction and intensity of relationship among variables. It measures co-variation not causation. It does not imply cause and effect relation.<br>Correlatin: one data group series is related to the others | |
| 3755. |
a project on ppc |
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| 3756. |
How to find mean(X) |
| Answer» There are three way to find mean - 1.Arithmetic mean2. Short - cut method 3. Step derivation method | |
| 3757. |
3 Exceptions of law of demand with easy explaination |
| Answer» 1. Giffien goods 2. Status goods3. Ignorance of guality (irrational judgmentby the consumer)4. Necessity goodsetc..... | |
| 3758. |
State the assumptions of ppc |
| Answer» The production possibility curve is based on the following Assumptions:(1) Only two goods X (consumer goods) and Y (capital goods) are produced in different proportions in the economy.(2) The same resources can be used to produce either or both of the two goods and can be shifted freely between them.<br>I dont know | |
| 3759. |
What is sub- normal profit? |
| Answer» Subnormal profit or abnormal profit is refers to excess of earnings over the total production cost<br>Losses | |
| 3760. |
What is the limit value of correlation |
| Answer» Its always bw 0-1<br>Limit value of correlation is between 0 and 1 | |
| 3761. |
What is cross price effect? |
| Answer» Shukria bt definition to book bhi deskta h mje.....thoda tm hindi English mix language m ya kese bhi ache se smza do plz<br>Effect of change in price of one good over demand of other good is cross price effect.these goods can be substitute or complementary goods | |
| 3762. |
Lack of scarcity implies lack of economics problem |
| Answer» what is lack of scarcity implies lack of economics problem | |
| 3763. |
no statistics |
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| 3764. |
Why do central problem arises ? Discuss briefly |
| Answer» It arises due to allocation of resources as above said.<br>The central problems of the economy arises because the resources in the economy are scarce and human wants are unlimited. Therefore, there is need for an efficient relationship between both the factors.\xa0The central problem of "How to produce?" which is faced by the economy where the economy consider either labour intensive techniques or capital intensive techniques for the production of goods and services in the economy depending upon the available resources in the economy. | |
| 3765. |
N=40,mean =16.5 for govt. And 17.15 mean for private find x |
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| 3766. |
WHEN THE SLOPE OF THE DEMAND CURVE IS ZERO, ITS ELASTICITY OF DEMAND IS ________ |
| Answer» When slope of demand curve is 0 the price elasticity of demand is perfectly inelstic the shape of demand curve is concave under perfectly elasticity of demand consumer doesn\'t change its demand when price fall nd rise | |
| 3767. |
How does change in gst influence the supply of a good bg a firm? Explain |
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| 3768. |
Difference b/w normal goods and inferior goods? |
| Answer» Normal goods are those goods whose demand increase with raise in consumer income. Inferior goods are those goods whose demand decrease with raise in consumer income.<br>Normal goods: these are any\xa0goods\xa0for which\xa0demand\xa0increases when income increases, and falls when income decreases but price remains constant, i.e. with a positive\xa0income elasticity of demand. Law of demand applies here.Cars, diamonds, branded fashions, hi-tech products etcInferior goods: is a good whose quantity demanded decreases when consumer income rises. Law of demand does not apply. Income elasticity of demand for these goods becomes negativeExamples are cheaper cars or low quality goods.\xa0<br>Normal goods are good quality products while inferior goods are bad quality products | |
| 3769. |
Explain consumer equibrillium indifference curve analysis? |
| Answer» In reference to IC ..consumer is said to be in equilibrium when the ratio of marginal utility and price of two commodities become equal..Means..at that point a consumer gets maximum satisfaction within his budget or income...Hope u understood.. | |
| 3770. |
How price equilibrium determine in perfect competition? |
| Answer» A point where market demand and market supply of a commodity become equal, that is known as price equilibrium. | |
| 3771. |
Mention properties of range? |
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| 3772. |
Father economic |
| Answer» Narendra modi<br>ADAM SMITH<br>Ronald A fisher | |
| 3773. |
Mention important measures of dispersion. |
| Answer» All measures are important<br>Measures of Dispersion:(i) Range: Range is defined as the difference between two extreme observations i.e. the largest and the smallest value.(ii) Inter quartile range: Inter quartile range is the difference between upper quartile and lower quartile.(iii) Quartile deviation or Semi-Inter-quartile range: Quartile deviation is known as half of difference of third quartile and first quartile . It is also known as semi inter quartile range.(iv) Mean deviation: Mean deviation/average deviation is the arithmetic mean of the deviations of various items from their average (mean, median or mode) generally from the median.(v) Standard Deviation: Standard deviation is the best and widely used measure of dispersion. Standard deviation is the square root of the arithmetic mean of the squares of deviation of its items from their arithmetic mean.\xa0(vi) Lorenz curve : The Lorenz curve devised by Dr. Max O. Lorenz is a graphic method of studying dispersion. | |
| 3774. |
What is macroeconomics? |
| Answer» Not really helpfull<br>Hope it helps!!<br>In macroeconomics we try to understand the aggregate measures such as total output, employment and aggregate price level ,in other words, we try to study the behavior of aggregate or macro measures of the performance of the economy. | |
| 3775. |
Which Is The Subject In Arts.. |
| Answer» Political science , economics , english , hindi , physical education , home science / geography. | |
| 3776. |
What is opportunity cost? Explain with an example. |
| Answer» Another ex- like we joined a job an arts student earns 50,000 commerce student earns 60,000 science student earns 70,000 and i m arts student i will be earn 50,000 so its opportunity cost will be 70,000 which i loosed and if m a commerce student i will earn 60,000 so the opportunity cost will be 70,000 which i loosed and if m a science student i will earn 70,000 so the opportunity cost will be 60,000 the second best option i loosed . I hope u understand<br>Which u loose for the alternate opt. Like- we r studing in 11th or we can do some work also after 10th so if we try to do any jobb our payment will be 5000 . And if m studing in 11th and not joined any job so the opportunity cost will be 5000<br>Its is defined as the value of next best alternative forgone /sacrificed by choosing the desired alternative.. Example: MNC{50,000}, College{30,000}, School{10,000}..these are jobs available for a person and its his wish to select the best job.so this is called next best alternative | |
| 3777. |
What are the assumptions of production possibility curve? |
| Answer» Resources are given, given resources are fully and efficiently used and technology remains constant | |
| 3778. |
Define data.what are the main sources of data? |
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| 3779. |
Is there no any chapter\'s of micro economic |
| Answer» Ya there are only about statistics i need microeconomic notes | |
| 3780. |
What is trade war and which is the biggest trade war till date? |
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| 3781. |
explain briefly the terms service holder and service provider with examples. |
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| 3782. |
Define the subject matter of economic |
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| 3783. |
Differentiate between coordinal nd ordinal approach ?? |
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| 3784. |
Introduction of consumer\'s equilibrium indifference curve |
| Answer» Consumer equilibrium means when some consumer is given with his income and market prices he can make his expenditure in such a way he maximises his satisfaction....ic curve means the difference between the two curves when opportunity cost changes...... | |
| 3785. |
send us solutions from other publications also |
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| 3786. |
What is consumer\'s equilibrium |
| Answer» When consumers are most statisfied | |
| 3787. |
What is mean primary data |
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| 3788. |
Our syllabus has changed so i want the new one |
| Answer» Ya , i know but , in this app, the previous year syllabus is updated , so i want it of now<br>Not much is changed in the syllabus.Only insted of Indian economics, Micro eco. is placed.. | |
| 3789. |
Explain the different types of economy |
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| 3790. |
Ncert textbook question 4 |
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| 3791. |
Oil prices rising globally how will statistics help us to know how much oil should be imported |
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| 3792. |
You have unlimited wants and scarce sources to satisfy them - explain with examples. |
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| 3793. |
Definne the price of elasticity demand |
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| 3794. |
Relation between total utility and marginal utility |
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| 3795. |
What do you mean by investment |
| Answer» The money you earn and save it in order to get return on it in the future is called investment<br>Investment is money commited aur property acquired for future use.<br>Nope its capital what you are saying<br>The amount that we start and kind of work or business that is called investment<br>The amount of money or capital use for starting any kind of business activity ,,☺☺ | |
| 3796. |
Why some precautions should take while using secondry data |
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| 3797. |
What do you mean by investigator, respondent and survay? |
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| 3798. |
Statistics should not be a lay man defend or refute |
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| 3799. |
Indicate the volume and direction of trade at the time of independence |
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| 3800. |
Plss also UPDATED the ACCOUNTANCY SYLLABUS CLASS 11 (GST ) |
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