Explore topic-wise InterviewSolutions in Current Affairs.

This section includes 7 InterviewSolutions, each offering curated multiple-choice questions to sharpen your Current Affairs knowledge and support exam preparation. Choose a topic below to get started.

1.

Explain the relationship between total utility and marginal utility with the help of a diagram explain in detail

Answer» MARGINAL UTILITY is the ADDITIONAL utility
2.

What is an indifference curve? What are its important features? How do consumers reach equilibrium under indifference curve analysis?What do you mean by marginal rate of substitution (MRS) among commodities? Why is it diminishing? How do you construct your budget line with various possible market baskets of food(F) and clothing(C), if you face a budget line given by F+2C=$80? What is an Engel curve? What could be its possible slopes and why? What are the effects of a fall in price of a commodity? Why do income and substitution effects occur simultaneously? How do you distinguish between the two? How do you explain the theory of diminishing marginal utility? How does it explain why the demand curve for any product is downsloping? How does this theory help determine whether the demand for a product is elastic, or inelastic?

Answer»

There is INVERSE RELATIONSHIP between PRICE and DEMAND.

3.

What are the similarities between rural poor and urban poor

Answer»

Differences between RURAL and urban people:
1)Rural livelihoods are based upon primary activities like farming and fishing.Urban livelihoods are based upon secondary and tertiary activities like manufacturing and services.
2)Rural livelihood involves living with and being sustained by nature.Urban is city based living and involve a range of activities like IT,jobs in the government or private SECTOR,clerial and professional jobs.Urban areas have a large migrant population.
3)People generally inherit jobs in rural areas like carpenter,BLACKSMITH etc.In urban areas job inheritance is not COMMON.
4)Rural areas provide less opportunity to earn income as compared with urban areas.
5)Rural areas lack INDUSTRIES, infrastructure which is found in urban areas.
Similarities between rural and urban livelihoods:
1)Poverty continue to exist in both rural and urban areas.
2)Some common jobs continue to exist in rural and urban areas like teachers,shopkeepers,traders,barbers though scale of operation may differ.
3)Daily wage laborers exist in rural areas who may be employed in farms and urban areas they employed in a factory.
4)Women constitute a major work force in rural and urban areas.Though, in the former they are engaged in agriculture and in the latter in professions like teachings,IT,medicine,BPO's.
5)Both rural and urban areas will have dependent, population not engaged in any work that is elderly population and children.

4.

What do you mean by numismatic

Answer»

Numismatics is the STUDY or collection of currency, including coins, tokens, paper money, and related objects. While numismatists are OFTEN characterized as students or COLLECTORS of coins, the DISCIPLINE also includes the broader study of money and other payment media used to resolve debts and the exchange of goods.

5.

Describe the conditions in which markets do not work in a fair manner

Answer»

1) when the PEOPLE are lesser to BUY goods.
2) when the MATERIALS are decomposed.
3) when their are LESS person to sell.

6.

Economic development can reduce unemployment

Answer»

Economic DEVELOPMENT can NEVER reduce unemployment it INCREASES EMPLOYMENT

7.

a consumer consumes only 2 goods X and Y .State and explain the conditions of consumer's equilibrium with the help of utility analysis.

Answer»

We now extend our analysis of general equilibrium to the sphere of PRODUCTION. Production of goods requires the USE of inputs or factors of production. The level of production of goods depends upon the allocation of resources to them.

As emphasised in the beginning, the general equilibrium analysis takes into account the mutual inter-dependence of markets. In it, we are not only CONCERNED with the mutual inter-dependence of markets for goods between themselves but also between prod­uct markets and factor markets. To keep our analysis simple we SHALL assume that two factors or inputs labour and capital, are required for the production of two goods X and Y.

This analysis of general equilibrium by taking two goods and two factors will enable us to capture the essential characteristics of the general equilibrium of production, besides taking 2 x 2 model, we make the following ASSUMPTIONS:

8.

Explain why is there only normal profit in the long period

Answer»

Explain why in long-run equilibrium in aperfectly competitive industry FIRMS will earn zero economic profit. ...Explain why under PERFECTION competition OUTPUT prices will change by less than the change in production COST in the short run, but by the FULL amount of the change in production cost in the long run.

9.

Essay about floods in english

Answer» FLOODS are most DANGEROUS it will COLLAPSE the BUILDINGS, TREES
10.

Which type of people are effected by the famine in our country

Answer» TRIBAL PEOPLE are EFFECTED by FEMININE in our COUNTRY
11.

Explain any three social indicators of India

Answer»

Hey mate. here is the ANSWER is the answer you are LOOKING for.
1.Poverty rate.
2.Fertility rate
3.Employment and UNEMPLOYMENT rates
plz MARK as brainliest

12.

1 indian rupee =? pakistani rupee

Answer»

1.89 pakisthani RUPEE

13.

How can i know the rules and regulations of organised sectorr?

Answer»

They will PROVIDE you the JOINING LETTER.

14.

Economics project for 2 gst and its impact on indian deconomy

Answer»

Amidst economic crisis across the globe, India has posed a beacon of hope with ambitious growth targets, supported by a bunch of strategic undertakings such as the Make in India and Digital India campaigns. The Goods and Services Tax (GST) is another such undertaking that is expected to provide the much NEEDED stimulant for economic growth in India by transforming the existing BASE of indirect taxation towards the FREE flow of goods and services. GST is ALSO expected to eliminate the cascading effect of taxes. India is projected to play an important role in the world economy in the years to come. The expectation of GST being introduced is high not only within the country, but also within neighboring countries and developed economies of the world.

15.

Use a demand and supply diagram to illustrate the effect of the following events on the marketfor economics books in India:a) A successful advertising campaign run in the country by publishers of economics books.b) A decrease in the number of students studying economics.

Answer» OPTION B a DECREASE in the NUMBER
16.

Any body knows shabak takra game. how many players is there in shabak takra game...???

Answer»

Each Regu has three players on COURT and two SUBSTITUTES. The players on court are the striker, server and feeder. Game play is very similar to the SPORT of Volleyball. In Sepak Takraw, players are allowed a MAXIMUM of three CONTACTS with the ball to get it over the net.

17.

Golden age hypothesis is concerned with

Answer»

In simple words golden AGE is a situation of smooth STEADY growth with VOL EMPLOYMENT ARISING out of the equality i hope it will help you

18.

How would non farming activities help village economy

Answer»

In village there are different types of production activites such as farming,

small-scale MANUFACTURING , dairy, TRANSPORT,ETC . Farming isthe main activity in

village . other production activites are CARRIED on limited scale and reffered

to as nan-farming.

19.

Why was the INFORMALISATION in India ? What were the reasons for more number ofworkers engaged in the informal sector ?

Answer»

Informalisation of workforce refers to a situation where there is a continuous decline in the percentage of workforce in the FORMAL sector along with simultaneous rise in the informal sector’s workforce. With the process of growth and development, it is expected that the percentage of the formal workers rises in the total workforce while that of the informal workers falls. HOWEVER, India witnessed a reversal of this trend. In the post-reform period, the ESTIMATES revealed that in India approximately93% of the workers were engaged in the informal sector and only 7% were engaged in the formal sector.
The following are the two main reasons why India saw a rise in the number of people working in the Informal Sector.
(i) Economic Reforms
As a consequence of the strategy for development adopted by India since 1991, India witnessed a fall in the employment in the formal sector. Key elements included in the Economic reforms were 'Liberalisation, Privatisation and Globalisation'. It is said that these reforms of 1991 which transformed India from a 'Socialist' to a 'Market' economy increased the extent of informalisation.
(ii) MNCs
Under the reform process, MNCs played an important role in India’s economic growth. However, they FAVOURED the employment of only the educated and specialised workforce. These MNCs relied on the modern and efficient technology rather than labour for the production of goods and services. As a result, the employment in the formal sector REMAINED low and that in the informal sector increased.

20.

What is meant by Green Revolution what are its features

Answer»

Green revolution is INTENSIVE plan of the 1960 to increase the crop in developing countries introducing earrings STRINGS of plants and new FERTILIZERS the new scheme to begin the Mexico in the 1940 and was successfully introduced in India se Asia LATIN america etc. green revolution.

21.

An interview of an eminent businessman

Answer»

Hello friends,we are here today to MEET one of the most successful bussinessman in our country today.He started his career when he was 16 years old by investing his pocket money into the stock market.He made huge profits because of which his dad bought him a Maruti car as a birthday gift.But when he turned 20,he was able to BUY his dad an Audi car.His climb on the stock market ladder has been surprisingly rapid.
He estimated at 80 million worth as of today.He also involves in a LOT of social work.He earns 3 NGOs which work around the clock for WOMEN empowerment.Without further ado,LETS meet the man himself Mr.X.

22.

Mention the scheme which covers poorest of the poor

Answer»

Noncooperative work
is the ANSWER

23.

Analyse any four non farming activities of rural India

Answer»

Non-farming activities can INCLUDE various ventures like handicrafts, household as well as non-household small-scale manufacturing, CONSTRUCTION, mining, quarrying, repair, transport, community SERVICE etc, but of COURSE in the designated RURAL areas.


Hope my answer will help you.....plz mark as brainlist answer

24.

Negative impacts on globalization

Answer»

......Now GET your brainliest answer.....

Globalization seems to be looked on as an unmitigated “good” by economists. Unfortunately, economists seem to be guided by their badly flawed MODELS; they miss real-world problems. In particular, they miss the point that the world is finite. We don’t have infinite RESOURCES, or unlimited ability to handle excess pollution. So we are setting up a “solution” that is at best temporary.

Economists also tend to look at results too narrowly–from the point of view of a business that can expand, or a worker who has plenty of money, even though these users are not TYPICAL. In real life, businesses are facing increased competition, and the worker may be laid off because of greater competition.

The following is a list of reasons why globalization is not living up to what was promised, and is, in fact, a very major problem

...... Thanks be always brainliest....

25.

"according to the utility theory and the concept of a consumer equilibrium, in order to maximize utility, consumers should exhaust their incomes so that the:"

Answer»

EXPLANATION:

according to UTILITY theory CONCEPT of a CONSUMER equilibrium ORDER to

26.

Describe how the poverty line is estimated n india .

Answer»

Mainly two methods

1.Income method

Under this method a minimum period capita income is FIXED.Example in 2011-12,the income was fixed at $816and $1000per capita per month in rural and urban AREAS respectively. If any family has an income less than the fixed income,it is considered as below the poverty line. This method is used to distribute food at SUBSIDISED priceso through PHD

2.Expenditure method

Under this method, the minimum nutritional food requirecent for the survival is estimated. The total minimum food requirements is firstly measured in calories, which is then converted into MONEY value that is in rupees. A minimumamount which is required for CLOTHES and other requirements is added to money value of food.This total amount is considered as poverty line.

27.

Why do democratically elected governments not appear to be very keen to solve the quest of poverty?

Answer»

Explanation:

democratic correctly ELECTED GOVERNMENT to APPEAR very windowsill Quest of poverty

28.

Why did not the change with english england benefit the indian economy?

Answer»

EXPLANATION:

it is not CHANGE with ENGLISH ENGLAND benefit the Indian economy

29.

Why a perfectly competitive firm continues production in short run even after losses class12?

Answer»

In the short run, a firm that is operating at a LOSS (where the revenue is less that the TOTAL cost or the price is less than the unit cost) must decide to operate or temporarily SHUTDOWN. The shutdown rule states that “in the short run a firm should continue to operate if price exceeds average variable costs. Why Do Competitive Firms Stay in BUSINESS If They Make Zero Profit? Profit equals total revenue minus total cost. Total cost includes all the opportunity costs of the firm. In the zero-profit EQUILIBRIUM, the firm's revenue compensates the owners for the time and money they expend to keep the business going.

30.

During 1st demonitrization

Answer» DEAR UR QUESTION is not COMPLETE..
31.

Which agricultural commodity of india gives largest interms of export value?

Answer» BASMATI Rice GIVES LARGEST INTERMS of export VALUE.
32.

Which currency is recently added in the basket of imf currency?

Answer» RENMINBI

In the review CONDUCTED in November 2015, the IMF decided that the Renminbi (Chinese yuan) WOULD be ADDED to the basket effective October 1, 2016.
33.

What types of steps the government is taking to harness human resources?

Answer»

Explanation:

the GOVERNMENT is TAKING to HARNESS HUMAN resources

34.

What is dependency theory of development

Answer»

Dependency theory is the notion that resources flow from a "PERIPHERY" of POOR and underdeveloped STATES to a "core" of wealthy states, enriching the latter at the EXPENSE of the FORMER.

35.

2/54 * 3/78......................................................

Answer» HELLO MATE here is your ANSWER
(2/54)×(3/78)
=1/(18×39)
=1/702
Please MARK as BRAINLILIST
36.

Type 001a is associated with which country?a. Japanb. China c. Russia d. Usa

Answer» CHINA is the CORRECT ANSWER
37.

Average income of 50 families is rupees 3,000. of these average income of 12 families is rupees 1,800 .find out the average income of the remaining families.

Answer»

3378.95 is the AVERAGE INCOME of the REMAINING FAMILIES

38.

"the ruppee is widely excepted as a medium of exchange".explain.

Answer»

The rupee is widely accepted everywhere in India because :
1. It is AUTHORISED by the GOVERNMENT of the COUNTRY.
2. In India, the law legalises the use of rupee as a medium of payment that cannot be refused in SETTLING transactions anywhere within country, and no individual can legally refuse a payment MADE in rupee.

39.

How are direct services helpful in production?

Answer»

I HOPE it MUST HELPED you

40.

Effects of rationing

Answer»

First LET us consider the EFFECT, during sugar rationing, of a change in the con- sumer's income on his DEMAND for jam. The effect will not be the same as in a free market, where the consumer would be free to RESPOND to a rise in income by increasing his sugar consumption.

HOPE IT WILL HELP YOU ✌️

41.

Difference capitalism and feudalism

Answer»

Explanation:

Main Differences Between Capitalism and FEUDALISM

Capitalism refers to the CAPITALIST economic SYSTEM whereas feudalism comes under the SOCIALIST economic system.

Unlike capitalism, everybody in society is involved with feudalism.

The capital economy is owned and run by the PRIVATE or corporate sector while the feudal system is owned by the nobility...

The government only monitors the processes in the case of capitalism but assumes the coercive power in the feudal system.

The hierarchy of capitalism involves...

42.

What is the third crop grown in palampur as part of multiple cropping

Answer» POTATOES are THIRD crop grown in MULTIPLE cropping
43.

The national fruit which is common for philippines pakistan and india is

Answer» MANGO is the the NATIONAL fruit which is common for philippines pakistan and INDIA is
44.

What is classical dichotomy

Answer»

In macroeconomics, the classical DICHOTOMY is the idea, attributed to classical and pre-Keynesian ECONOMICS, that real and nominal variables can be analyzed separately. To be precise, an ECONOMY exhibits the classical dichotomy if real variables such as output and real interest rates can be completely analyzed without considering what is HAPPENING to their nominal counterparts, the money value of output and the interest rate. In particular, this MEANS that real GDP and other real variables can be determined without knowing the level of the nominal money supply or the rate of inflation. An economy exhibits the classical dichotomy if money is neutral, affecting only the price level, not real variables.[citation needed]

The classical dichotomy was integral to the thinking of some pre-Keynesian economists ("money as a veil") as a long-run proposition and is found today in new classical theories of macroeconomics.

45.

What is the role of people in maintaining food security?

Answer»

Food Security Act,2013, will prove to be counterproductive for the ruling United Progressive Alliance government, according to renowned economist and professor of economics and law at Columbia University Jagdish Bhagwati (Bottom, Left). In an interview with Nayanima Basu, he says if the World Trade Organization (WTO) talks in Bali, where food security is  one of the important issues, fail, it will ADVERSELY impact India. Edited excerpts:

Is the proposed WTO Peace Clause enough for COUNTRIES like India and the G-33 coalition of countries that want to REFORM the subsidy REGIME under global trading norms considering the rise in food prices globally?

India is going out on a limb on its G-33 proposal which has attracted the response of the Peace Clause. We need to bring AGRICULTURAL subsidies everywhere under discipline and to object to that for India is to believe that our agricultural sector will remain forever in need of price support.
:) :) :) :)

46.

Is large scale industry secondary sector

Answer»

Yes it is as it requires LAND, labor, raw material and CAPITAL to RUN the INDUSTRY

47.

Small answer for impact of saarc on Indian economy

Answer»

Nxhjufmtmhulf4i65h14h2jjktltulhfhmf

48.

Hlooo frnds..Write a short note on dignity of labour with its advantages and disadvantages......

Answer»

Heya MATE here is your ANSWER ⬇️⬇️⬇️⬇️⬇️
The DIGNITY of labour is the philosophy that all types of jobs are respected equally, and no occupation is considered superior. ... Social reformers such as Basava and his contemporary Sharanas, as well as Mahatma Gandhi, were prominent advocates of the dignity of labour.
advantages ⬇️⬇️⬇️⬇️
Each worker specialises in a particular type of work, therefore, efficiency increases.
disadvantages ⬇️⬇️
Since a worker is REQUIRED to do the same work again and again, hence he BECOMES dull.
2. It divides the responsibility for which there are more chances of shifting.
hope it helps Mark as BRAINLIEST if you like ✔✔✔✔
BE BRAINLY

49.

how large scale industries are dependent on small scale industries . GIVE TWO EXAMPLES TO SUPPORT THIS

Answer»

• For RAW MATERIAL which are available from small SCALE

• For the selling of manuafactured GOODS

50.

The current anti poverty program consists of two planks name them

Answer»

Answer:

The GOVERNMENT formulated several anti-poverty schemes to eradicate poverty such as National RURAL EMPLOYMENT Guarantee Act (NREGA) 2005, Prime Minister Rozgar Yojana (PMRY), Rural Employment Generation Programme, Swarnajayanti Gram Swarozgar Yojana (SGSY), Pradhan MANTRI Gramodaya Yojana (PMGY), Antyodaya Anna Yojana ...

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