Explore topic-wise InterviewSolutions in Current Affairs.

1) Brand awareness 

2) Better medium 

3) Acquiring valuable customers

1) Push and pull strategies 

2) Product features 

3) Buyer readiness 

4) Type of distribution 

5) Type of buyer

C. Rhythm intended to relay everything she had learnt to her peers before she resigned.

The correct answer is (D) 10

1) Facebook 

2) Twitter 

3) LinkedIn 

4) Google Plus 

5) WhatsApp

Facebook 

Twitter 

LinkedIn 

Google+ 

Whatsapp

A. (2) led to (1).

A. exhibiting an upward trend

(B) Depreciation 

B. The use of billboards to spread misinformation needs to be banned

(A) Perfect Competition

Money/Credit creation - The Process of multiplying the deposits by commercial bank is called credit creation.

Money creation or deposit creation or credit creation by the bank is determine by – 

(i) The amount of the initial fresh deposits and 

(ii) The Legal Reserve Ratio (LRR) i.e. the minimum ratio of deposit legally required to be kept as cash by banks.

It is assumed that all the money that goes out of bank is re-deposited in to the banks.

Let the LRR be 20% and there is a fresh deposit of Rs 10,000. As required, the banks keep 20% i.e. Rs 2,000 as cash. Suppose the bank lend the remaining Rs 8000. Those who borrow use this money for making payments. As assumed who receive payments put the money back in to the bank. In this way bank receive fresh deposit of Rs 8,000.

The bank again keeps the 20% i.e. Rs 1,600 as cash and lends Rs 6,400 which is also 80% of the last deposit. The money again comes back to the banks leading to a fresh deposit of Rs 6,400. The money goes on in multiplying in this way, and ultimately total money creation is Rs 50,000.

Given the amount of fresh deposit and the LRR, the total money creation formula is:

Money creation = Initialde posit x 1 / LRR

Money creation =10000 x 1 / 20%

= 10000 x 1/20 x 100

= Rs 50,000

Limitations to credit creation - There are following limitations to credit creation by banks:

1. The total amount of cash reserves in the banking system. Larger the cash reserves more will be the credit creation. 

2. Cash reserve ratio fixed by the central bank. More is the ratio, less is the power to create credit and vice versa. 

3. Banking habits of the people of the country- It means banking transactions through cheques, drafts, bills etc. Good banking habit results in keeping smaller amount of cash with the banks and therefore, more can be lent. This will create large credit.

Observation can be of two types such as,

• Participant observation 
• Non-participant observation.

In participant observation method, the observer collects information directly from the study area. This method is very popular in social science research. For understanding the issues and collecting information, the researcher personalise the language, culture, etc., of a social group. This helps him to understand the entire features of the area of his study. This method is also known as fieldwork.

On the other hand, in case of nonparticipant observation, the researcher does not collect information directly from the area of study. Instead, the researcher collects information through his observation from outside.

Sociology has different methods of study. These methods are used to analyze different areas. Social survey, interview, observation, case study are the methods of study in sociology. Each method has its own peculiarities.

Researcher directly collects information.

(A) Price of very short period

D. repository of news data

Commerce, town planning, advertisements, media, and educational activities.

Correct answer is (ii) Interview 

Correct answer is (iii) Questionnaire

Correct answer is (i) Observation 

The researcher observes the society from outside.

When supply increases more with a result of small increase in price, the nature of supply will be Elastic.

d. All the above

The Sociologist stays with the population under the study and understands their life, language culture and analyses it.

Correct answer is (iii) Case study

Case study is used to make an in-depth study on rare and different social phenomena and problems.

1. History 

2. Economics 

3. Anthropology 

4. Geography 

5. Political Science 

6. Psychology

c. Both (a) and (b) 

Marshall gave the concept of ‘Time Element’ in price determination process.

• In Non-participant observation, the researcher does not collect data directly from the area under study. 
• In this, the researcher does not stay with the group under study.
• Instead, he observes the group from outside. 
• In this method, the observer adopts an impartial stand.

A.R. Desai, S.D. Dubey, M.N Sreenivas, D.P. Mukherji, G.S. Khure, etc., are the famous Indian social scientists.

Price elasticity is a measure of the relationship between a change in demand or supply of a good or service, and its price.

In economics, price elasticity is a measure of how reactive the marketplace is to a change in price for a given product. However, price elasticity works two ways. While price elasticity of demand is a reflection of consumer behavior as a result of price chance, price elasticity of supply measures producer behavior.

a) Participant observation 

b) Non-participant observation

Case study is used to make an in-depth study on rare and different social phenomena and problems.

1. Participant observation 

2. Non-participant observation

(C) Both demand & supply

The price of goods in perfect competition is determined by Demand and supply.

d. All the above 

• Scientific Revolution (Renaissance). 
• French Revolution 
• Industrial Revolution.

Sample survey is the collection of information from a selected group of people. Questionnaires are used to collect data. Questionnaires are given to respondents from whom data is collected. Study is carried out using respondents’ responses in questionnaire.

Respondents are groups that study questionnaire. The study is carried out using repondents’ responses in the questionnaire.

1. Participant observation 

2. Non-participant observation

The precautions while choosing interview method are:

• Identify suitable persons for interview
• Have clear cut idea about the information to be collected.
• Prepare suitable questions. 
• Lead effective method of interview
• Time management 
• logical arrangement of information and report writing.

(b) Monopsony

Marshall said, “ Price is determined by both Demand and supply forces “.

Interview is an important technique or method used to collect information in Sociology. It is the talk between the interviewer and the interviewee.

Marshall said, “ Price is determined by both Demand and supply forces “.

The shape of average cost curve is U- shaped.

The average cost is U-shaped because an increase in output increases the returns and reduces the total cost. As the curve continues to slope downwards, it enters a phase of constant returns where the returns and output are at their optimum level. After the constant level, continued increase in output stops yielding any further increments in the returns (diminishing returns) and the costs begin to rise, forcing the curve to start sloping upwards.