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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.
| 3851. |
What is implicit cost |
| Answer» This is the cost which we add in our book but we can\'t spend anything.For example: one day our ane labour is absent for emergency so we can do the work in place of labour and we can\'t get any money but we note in our transaction. | |
| 3852. |
Draw the curves AR and MR under perfect competition,monopoly and imprefect competition |
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| 3853. |
What is frequency array |
| Answer» A discrete series or frequency array is that series in which data are presented in a way that exact measurements of items are clearly shown. | |
| 3854. |
What do you mean by statistical series |
| Answer» Arrangement of data according to some logical order is termed as statistical series | |
| 3855. |
Formula of correlation |
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| 3856. |
tabular presentation |
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| 3857. |
What is statistical array |
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| 3858. |
Hot question question number 16 full explanation with answer |
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| 3859. |
explain consumer behaviour in case of two commodity using utility analysis? ? |
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| 3860. |
what do u mean by economics and what is economic problem? ? |
| Answer» Economics is a social science that studies human behaviour n tries to solve the problem of choice that arises due to scarcity Economic problem is a problem of choice | |
| 3861. |
Important questions of consumer equilibrium for exams |
| Answer» Budget line Ppf curve Consumer equilibrium in case of two commodities State law of diminishing marginal utility with assumptions (any 5) | |
| 3862. |
Why is afirm under prefect competiton a price taker? Explian |
| Answer» Because under perfect competition their are many sellers aalnd many buyers also buyer have perfect knowledge of market so producer can\'t able to change price.<br>A firm under perfect competition is a proce taker because all firms sell homogeneous product n the share if each sellar is negligible in the total sales of the xountry therefore no individual sellar is able to dominate the market price of the product | |
| 3863. |
Why is budget line a straight line explain |
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| 3864. |
State and explain indifference curve |
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| 3865. |
five Fisher\'s ideal index number |
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| 3866. |
What are the various types of ghraphs |
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| 3867. |
What\'s ppc |
| Answer» The curve that shows various combination of two commodities is known as ppc | |
| 3868. |
difference between direct personal investigation and indirect oral investigation. |
| Answer» In the\xa0\'direct personal investigation\', the investigator collects\xa0data personally\xa0while in the\xa0\'indirect oral investigation\', the data are collected from\xa0indirect resources.Difference between \'direct personal investigation\' and \'indirect oral investigation\':Direct personal investigation:1.\xa0In this investigation, the\xa0data collected is original\xa0in manner.2.\xa0The\xa0field of the investigation\xa0will be\xa0limited3.\xa0The\xa0information\xa0is highly\xa0reliable.Indirect oral investigation:1.\xa0In this investigation, the\xa0method of collecting data\xa0may lead to\xa0false conclusions.2.\xa0The\xa0field of investigation\xa0can be\xa0large.3.\xa0The\xa0information\xa0can be\xa0wrong or biased. | |
| 3869. |
Relative measures of dispersion are always expressed in .................... |
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| 3870. |
The Arithmetic mean of 10, 15, X, 20, 30 is 20. What is the value ofX. (1)(a) 5 (b) 15(c) 25 (d) 35 |
| Answer» 35 is the answer<br>C | |
| 3871. |
What is inclusive series? |
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| 3872. |
Difference between AC nd MC |
| Answer» Marginal cost considered all costs it cannot separate between Variable cost and Fixed cost. Fixed cost remains constant up to a certain level of production. AC = TC (FC+VC) Divided by the Total number of units manufactured. MC = Change TC Divided by change in the Total number of units manufactured. | |
| 3873. |
Data need to adjusted to suit objective of study in hand |
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| 3874. |
Ncert book whoch has introduction to microeconomics class 11 |
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| 3875. |
Which of the following is a source of secondary data? |
| Answer» Two sources of secondry data is that:1. Internal Sources :- ------------------------------In an organsation, when the data is collected from its reports and records, it is known as internal sources.* Example:- ------------------a company publishes its annual report on profit and loss, total sales, loans etc.2. External Sources :- ------------------------------The data collected from outside the organisation.* Example :------------------ data can be collected from primary as well as secondry data. | |
| 3876. |
what is economics relationship |
| Answer» Relationship economics dictates that when businesses value people, experiences, and aspirations, they reap benefits measured in profitability, loyalty, and advocacy. | |
| 3877. |
economics relationship |
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| 3878. |
What kind of data is contained in nsso |
| Answer» The nsso conducts survey on all important variables required for policy formulation. The areas covered include consumption expenditure of individuals , the job market seenario , informal sector employment, migration, education and nutrition | |
| 3879. |
Give the meaning of economics |
| Answer» Economics is the social science that studies the production , consumption and distribution of good and service. | |
| 3880. |
How ppc is helpful to solve the central economic problem how to produce |
| Answer» Ppc has two axis OY and OX-axis, we present two goods one consumer other capital goods on OY and OX axis respectively, with limited resources,so production of X-good cannot be increased without the decrease of Y-good. To produce one more unit of X-good producer has to reduce more and more of Y-good. | |
| 3881. |
What are books used in ncjps school for economic |
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| 3882. |
Data of statistics for economics is not available |
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| 3883. |
Stastics in plural sense means |
| Answer» Statistics in plural sense means first we will see a what is the process in plural sense packs express numerically are called statistics related to income fraction population apply 669 other words statistics news numerical statement of facts so statistics is the combination of two that is quantitative data affected to a market extended by municipality of case causes in relation to each other<br>In\xa0plural sense, it means a systematic collection of numerical facts and in\xa0singular sense; it is the science of collecting, classifying and using\xa0statistics.\xa0In the\xa0Plural Sense: “Statistics\xa0are numerical statements of facts in any department of enquiry placed in relation to each other. | |
| 3884. |
Calculation of A.M in case Of Comulative frequecy distribution |
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| 3885. |
what is PPC graph |
| Answer» Ppc is also known as production possibility frontier. This is graphical representation between two goods . It means we shows the difference between the two goods in graph as curve. Ex-wheat and rice we have only 500/- for buying seeds. So we have to decided we take wheat the production of wheat is high we earn more profit. He has to sacrificed one thing that is rice.<br>Production Possibilities Curve (ppc) The Production Possibilities Curve (PPC) models a two-good economy by mapping production of one good on the x-axis and production of the other good on the y-axis. Points inside the\xa0PPC\xa0result from inefficiency; output combinations outside the\xa0PPC\xa0are impossible to produce. Production possibilities\xa0curve\xa0(PPC) (also called a production possibilities frontier) a graphical model that represents all of the different combinations of two goods that can be produced; the\xa0PPC\xa0captures scarcity of resources and opportunity costs. | |
| 3886. |
Explain published and unpublished |
| Answer» A\xa0published thesis\xa0is out\xa0in the\xa0market printed, usually,\xa0in the\xa0form of a book. An\xa0unpublished thesis\xa0is in its primary form and sits in one of shelves\xa0in the\xa0department of advanced studies getting burried under the dust.\xa0Published and unpublished sources. Generally,\xa0published sources\xa0are international, national, govt., semi-Govt, private corporate bodies, trade associations, expert committee and commission reports and research reports.\xa0 | |
| 3887. |
Please upload book Introductory Microeconomics by Radha Bahuguna |
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| 3888. |
Can non-attainable cimbinations ever be converted into attainable combinations? |
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| 3889. |
Whar are the properties of ppc? |
| Answer» The two basic property of production possibility curve are:\tIt slopes downward from left to right- Production possibility curve slopes downward because both the variables involve in the equation are inversely related as one increase then other one decreases and vice versa because the resources are constant.\tThe curve is concave to the origin-\xa0Since resources are use specific, therefore every time when one more unit of a commodity is produced more units of the other commodity is sacrificed that results in increasing marginal opportunity cost which leads to the concave shape of production possibility curve. | |
| 3890. |
how x and y are related when x price is fall down then y demand increase show its diagram |
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| 3891. |
Formula of gemotric method |
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| 3892. |
Is there any chapter "statistics" in economics in which there is mean, median and mode? |
| Answer» Yes . In the second book Ch 5 measures of Central tendency<br>No,but there is one chap in micro in which you can find mean meadian and mode<br>You can find all the matter in business statistics of bcom 1 st year of ajmera and rbd publication<br>Yes . | |
| 3893. |
Problem of choice is unavoidable in the ordinary business of life how |
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| 3894. |
How can we measure elasticity of demand |
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| 3895. |
What is mrs?? |
| Answer» Marginal Rate of Substitution<br>Main scale reading.. | |
| 3896. |
Difference between seller and producer |
| Answer» In simple words seller stand for a person who sell the produce goods and the one who produce goods is known as producers<br>But both the seller and producer are linked to each other as seller supplies the goods produced by the producers<br>Main difference between seller and producer is that producer assembles components and materials into finished goods like car , bike, machines ,etc. whereas a seller supplies these goods to a company or factory . Seller is also known as vendor | |
| 3897. |
What is opportunity cost?Explain the word \'Scarcity\'. |
| Answer» opportunity cost refer to benefit that a person could have received but gave up to another course of action means the cost of next best alternative for the proper definition for opportunity cost is there is always a cost of having a little more of one good in terms of amount of other goods that has to be for this is the opportunity cost.Scarcity is one when the demand of something is higher than its supply.Demand>supply<br>Scarcity: It is the situation where the supply of resources is less compared to the demand of resources<br>Scarcity: it refers to the basic economic problem , the gap between limited - that is scarce- resources and theoretically limitless wants.<br>Opportunity cost: a benefit , profit or value of something that must be given up to acquire or achieve something else. | |
| 3898. |
Explain causes of economic problem |
| Answer» Chehak if u feel that u can trust me then only give ur no. Otherwise i will not force u btw can we become frnds?<br>Kis topic pr h<br>Bat toh bolo<br>Kuch BT krni ho to Batao ni to hm jare lakshay<br>Chehak may i have ur number plzz only for sometime bcoz i want to discuss something with u | |
| 3899. |
Notes on chapter1 class11 |
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| 3900. |
Explain the solution of central problem in different economies |
| Answer» Basic problems in Capitalist economies are solved through price\xa0mechanism,\xa0in Socialist economy through\xa0planning\xa0and in mixed economy through\xa0price mechanism and economic planning.Every economic activity in\xa0Capitalist economy\xa0is influenced by profit motive. The producer wants to earn more profit through its investment. He is encouraged to produce only those commodities which will fetch him handsome profit. The worker on the other hand selects those jobs where maximum wages are paid. The consumer also prefers to buy those commodities which provide him maximum satisfaction. The price of the commodity is determined by the interaction of the forces of demand and supply i.e., between consumers and producers in the commodity market. In the same way, price of the factors of production is determined in the factor market.Socialist economy\xa0is managed and controlled by the government. Social welfare is the object of the government. The government adopts planned development economy. Planning commission is instructed to formulate policies and decide guidelines for the balanced economic growth. Priority is given to the production of those goods and services which satisfies needs of common man. Every commodity is sold at one price throughout the country by government agencies.In a\xa0mixed\xa0economy, public sector and private sector both co-exist. For the solution of central economic problems, different mechanisms are used in these two private and public sectors.In the public sector, planning system is used by the state or planning authority to solve various central problems of the economyIn a private sector also forms a major part of the economy. In this sector, decisions regarding various central problems why, how and for whom to produce are taken by the price mechanism based on profit motive and market forces of demand and supply. | |