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. |
Balance of payment meaning and definition |
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Answer» DEFINITION: ACCORDING to the RBI, BALANCE of payment is a statistical statement that shows 1. The transaction in goods, services and income between an economy and the rest of the world, 2. Changes of ownership and other changes in that economy’s monetary gold, special drawing rights (SDRs), and financial claims on and liabilities to the rest of the world, and 3. Unrequited transfers. |
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| 2. |
Name one country in South Asia has lower HDI than india |
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Answer» HELLO friend your answer Nepal&Pakistan etc are having lower HDI (Human Development INDEX)than India hope it HELPS you |
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| 3. |
From the text find out the per capita income level of low income countries as per world development reports |
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Answer» Answer: As of 1 July 2016, low-income ECONOMIES are defined as those with a GNI per capita, calculated using the World Bank Atlas METHOD, of $1,025 or LESS in 2015; lower middle-income economies are those with a GNI per capita between $1,026 and $4,035; upper middle-income economies are those with a GNI per capita between . . . . . . STAY safe |
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| 4. |
Why is educated unemployed , a peculiar problem of india |
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Answer» Many educated people are UNEMPLOYED in INDIA.Its main causes are- |
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| 5. |
Explain the different factors of production |
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Answer» Hey buddy!! |
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| 6. |
Describe any five conditions or aspects that you would consider before accepting a job.CBSE Class X Social Science LA (5 Marks) |
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Answer» Following CONDITIONS I must aspects........ |
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| 7. |
What is development? What are the indicators used by UNDP for measuring development?Compare it with the World Bank report. |
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Answer» Hey!!!!! |
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| 9. |
Write a note on PDS( public distribution system). Give any five points. |
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Answer» 1) The Public Distribution System (PDS) evolved as a system of management of scarcity through distribution of food GRAINS at affordable prices. Over the YEARS, PDS has become an important part of Government’s POLICY for management of food economy in the country. 2) PDS is operated under the joint responsibility of the Central and the State Governments. The Central Government, through Food Corporation of INDIA (FCI), has assumed the responsibility for procurement, storage, transportation and bulk allocation of food grains to the State Governments. 3) The Public Distribution System (PDS) in the country facilitates the supply of food grains and distribution of essential commodities to a large number of poor people through a network of Fair Price Shops at a subsidized price on a recurring basis. 4) Public Distribution System in the country enables the supply of food grains to the poor at a subsidized price. It also helps to CONTROL open - market prices for commodities that are distributed through the system. 5) The Public Distribution System (PDS), till 1992, was a general entitlement scheme for all consumers without any specific target. The Revamped Public Distribution System (RPDS) was launched in June 1992 in 1775 blocks throughout the country. |
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| 10. |
Objective of demographic structure in a locality |
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Answer» What are you ASKING |
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| 11. |
What is the value of american dollar in indian currency? |
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Answer» 1 dollar = 60ruppes But, it keeps CHANGING so if you need to KNOW the price you should check it on GOOGLE THANKS |
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| 12. |
When index of market goes down interest earning for indexed annuty will |
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Answer» Indexation of a journal is considered a REFLECTION of its quality. Indexed journals are considered to be of HIGHER scientific quality as compared to non-indexed journals. ... Scopus is a bibliographic DATABASE containing abstracts and CITATIONS for ACADEMIC journal articles. |
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| 13. |
When basing decisions on economics, how are cycle time, product cost, value, and development expense used? |
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Answer» Cycle time is the total time TAKEN from the beginning to the end of the process. When the UNIT is acted so that the output comes closer to it. PRODUCT cost is nothing but the cost of the product which includes labor cost and also consumable production. DEVELOPMENT expense is the cost associated with research for development . |
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| 14. |
What is the role of the household in an economic system? |
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Answer» Households get REVENUES, buy goods and services, save MONEY and invest it, borrow money and ...pay taxes. They are essential economic units and players, they should be proud to be so IMPORTANT |
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| 15. |
Whay is indifference . Explain the three properties of indifference curve |
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Answer» There are four important properties of indifference CURVES that describe most of them: (1) Indifference curves are DOWNWARD sloping, (2) higher indifference curves are PREFERRED to lower ones, (3) indifference curves cannot INTERSECT, and (4) indifference curves are CONVEX (i.e. bowed inward). |
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| 16. |
Aims and objective of primary sector and service sector to national income of india |
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Answer» Economic Development: |
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| 17. |
Define dimensions of poverty |
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Answer» Poverty is typically defined in terms of a lack of adequate income, ESPECIALLY in U.S. policy debates. These additional DIMENSIONS of poverty can be LAYERED on TOP of income poverty. they can also put those who are not income-poor at a DISADVANTAGE. |
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| 18. |
V. describe the impact of globalization in detail. |
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Answer» For MANY developing nations,globalization has led to an improvement in standard of living through improved ROADS and transportation, improved health CARE, and improved education DUE to the global expansion of corporations. However, globalization has had a negative EFFECT on individuals who live in developed nations. |
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| 19. |
Visit a slum and find out their basic problems, need and importance |
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Answer» Slums keep on attracting new vagrants in spite of the dreadful living conditions-migrants realize that they, or possibly their kids, have a battling possibility of breaking out of the CYCLE of poverty. |
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| 20. |
The maximum amount of the total revenue earned by the government of india comes from which tax |
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Answer» The maximum AMOUNT of the TOTAL REVENUE EARNED by the government of india comes from Corporate TAX. |
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| 21. |
Highlight the importance of human resources as compared to other resources |
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Answer» Human Resource Management deals with issues related to compensation, performance management, organisation development, safety, wellness, benefits, employee MOTIVATION, training and others. HRM plays a STRATEGIC role in managing PEOPLE and the workplace CULTURE and environment. |
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| 22. |
What are the objectives of setting up special economic zones? |
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Answer» Objectives of Special Economic Zones in India |
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| 23. |
Nearly all major multinationals are American, Japanese or European, such like Nike, Coca-Cola, Pepsi, Honda, Nokia. Can you guess why? |
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Answer» They WANT to establish and EXPAND their investment. |
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| 24. |
Why do you poor households reply on informal credit till today |
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Answer» FORMAL sources of CREDIT prefer over informal because final sources comprises of government ORGANIZATIONS and COLLATERAL security, lower interest rates on its loans LIKE co- operative bank & RBI but Informal sources comprises higher Interest on its loans does not provide collateral security & no organisation to supervise this sector ex- friends,relatives,money landers & etc. |
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| 25. |
What is the importance and limitations ad assumption of diminishig marginal utility |
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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 |
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| 26. |
What is the differnce between consumer equilibirium and consumers behaviour |
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Answer» The state of balance achieved by an END user of products that refers to the AMOUNT of goods and services they can purchase given their present level of income and the current level of PRICES. Consumer equilibrium allows a consumer to obtain the most satisfaction possible from their income. Economics is concerned with consumer behavior, the behavior that people seek to acquire goods and services that will satisfy there needs and WANTS. Few basic assumptions: - Consumers are CONSTRAINED by their income limit. ... Consumers behave rationally and efficiently in maximizing their own satisfaction. |
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| 27. |
What are reasons for company to become a cloud provider? |
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Answer» The REASON VARY, but someone emerging patterns are pushing enterprise to become, in ESSENCE, small PUBLIC could providers . the patterns INCLUD |
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| 28. |
What is the difference between econometrics and mathematical economics? |
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Answer» There seems to be some misconception EXISTING regarding “Economics” which is being treated as Mathematical Politics or science of diminishing RETURNS out of its use as “Rural Economics” ALONG with the use of “Econometric” in MANAGEMENT studies also. The misconception has arisen also out of study of “Empiricism” along with “Economics” and “International Trade”. There is no such thing as promulgated by some vested interest as Mathematical Management or “Mathematics in Management” being promulgated because it is “Statistics” or quantitative techniques which are used in Management studies. The use of “mathematical management” is equal to management of mathematics, which can be said to be declining ethical and academic standards of “Management Studies”. The use of “mathematics” in “Management studies” is through “Economics” or its branches and not through “Magical Management”. |
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| 29. |
What the government of India to for remove poverty ? |
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Answer» The programme's main objective is to CREATE sustainable assets and provide them to targeted FAMILIES, so that they can be brought above the POVERTY LINE. ... Following are some other plans initiated by the national government for poverty alleviation in INDIA: Annapurna. National Rural Employment Programme (NREP) |
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| 30. |
In what ways is a MNC different form other countries |
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Answer» Only MNC can operate it's production THROUGHOUT the WORLD that means other countries whereas companies cant do that. MNCS are RESPONSIBLE for the gllobalisation of the economy while other companies are not. |
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| 31. |
What is meant by national income discuss the different methods of measuring national income |
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Answer» ..................... |
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| 32. |
Tamil nadu best state economy statistics compare to other states |
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Answer» Ans :- This year is a landmark year at many levels for Tamil Nadu, for both its history and politics. It is the 101st year of the FOUNDING of the JUSTICE Party which was supposed to CHANGE Tamil Nadu totally. The Justice Party is the precursor to the Dravidian parties that have ruled the state for 50 years. EV Ramasamy, known as Periyar, broke away from the Justice Party and set up Dravidar Kazhagam, to fight for social justice. He and his FOLLOWERS wanted to end the upper caste (Brahmin) dominance in all walks of life and the humiliation of other castes in the state. |
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| 33. |
What is elasticity of demand and explain the factors influencing elasticity conclusionof demand |
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Answer» ED =1 (unitary elastic) Ed=0( perfectly INELASTIC) Ed=infinity( perfectly elastic) Ed >1( GREATER than unitary) Ed <1( less than unitary) factors : 1) multiple uses 2) havesubstitute GOOD 3) postponement in future etc. |
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| 34. |
What is managerial economics amd also explain nature and scope of managerial economics |
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Answer» Managerial economics deals with the application of the economic concepts, theories, tools, and methodologies to solve practical problems in a business. It helps the manager in decision making and acts as a link between practice and theory". Nature of Managerial Economics:
Scope of Managerial Economics: The scope of managerial economics is not yet clearly laid out because it is a developing science. EVEN then the following fields may be said to generally fall under Managerial Economics: 1. Demand Analysis and FORECASTING 2. Cost and Production Analysis 3. Pricing Decisions, Policies and Practices 4. Profit Management 5. Capital Management These divisions of business economics constitute its subject matter. Recently, managerial economists have started making INCREASED use of Operation Research methods like Linear programming, inventory models, Games theory, queuing up theory etc., have also come to be regarded as part of Managerial Economics. ---------------------------------------------- |
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| 35. |
What is economicsthe concept and nature of economics to solve managerial problems |
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Answer» Managerial Economics OVERVIEW. ...Economic analysis is required for variousconcepts such as demand, profit, COST, and competition. In this way, managerial economics is CONSIDERED as economicsapplied to “problems of choice'' or alternatives and allocation of scarce resources by the firms. thanks |
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| 36. |
The use of financial leverage by a firm may be measured by the |
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Answer» The USE of financial leverage by a firm may be measured by the debt to asset ratio. I would also go further by giving the following explanation. A ratio greater than 1 normally shows a considerable portion of the debt is funded by assets in question . This is to say that, the company has more liabilities than assets. A high ratio also indicates that a company may be putting itself at a risk of default on its loans and this may be DANGEROUS because interest rates were to rise SUDDENLY. A ratio below 1 MEANS that a greater portion of a company's assets is funded by equity. |
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| 38. |
What are the sources of hazards in petroleum industry? Detail the after effects of exposure to chemicals used in oil industry. |
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Answer» ECPs must comprise the below elements: • Purpose statement • Responsibilities of employers, supervisors and workers • Identification and assessment of risks • Risk controls • Manpower education and training • WRITTEN safe working procedures • Hygiene facilities and procedures of decontamination • Documentation • Health monitoring (may also be required, relying on the nature of chemicals being used) Workers spending a considerable portion of their shifts in the below areas may be exposed REALLY significantly to HYDROCARBONS and oil mists: • Drilling floor • Mud pits/tanks (in which treated drilling fluids are retained before pumping to drill hole) • Shale shakers (in which drill cuttings are shaken from drilling fluids that return from drill hole) • Chemical mixing station/room Silica is fundamental component of sand and rock. Some typical silica-containing materials include: • CONCRETE, concrete block, mortar, cement • Granite, sand, top soil, fill dirt • Asphalt (containing stone or rock) • Abrasive for blasting • Hydraulic fracturing sand (contains as much as 99% silica) Workers carrying out the below activities are at risk of breathing the silica dust: • Abrasive blasting using silica-containing products • Drilling using dry product additive that contain quartz • Cementing operations • Shale dryer maintenance (dry particulate may comprise quartz) • Hydraulic fracturing (loading, unloading, moving or STORING sand) • Sweeping or moving sand or gravel that contains silica Working activities that may put workers at risk of exposing to mercury in gas processing facilities include: • Welding, grinding, buffing, and polishing • Vessel cleaning • Hydro excavating • Machining • Pipefitting • Installing and removing components or infrastructure • Electrical work |
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| 39. |
Explain any four points of importance of roads in terns of connecting people and enduring the socio economic growth of the country |
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Answer» Here is the answer: Roads MAKE an essential contribution to ECONOMIC development and GROWTH and bring significant social benefits. They are of CRUCIAL importance in order to make a nation grow and build up. Additionally, providing access to employment, health, social and education services makes a road NETWORK decisive in fighting against poverty. |
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| 41. |
choose any terrible group living in Indian today find out about their customs and way of life and how their lives have changed in the last 50 years |
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Answer» Gaddis is the pastoral tribe of Himachal Pradesh that are living in India. As an occupation, they are SHEPHERDS and WOMEN of the tribe are also active in cutting off the grasses, carrying weights and even climbing the mountain. Their CONDITION was worse during the British RULE but is slightly changed with the welfare schemes and RESERVATIONS. |
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| 42. |
Dimension tables are used to provide descriptions of the business subjects and descriptive information about each row in the fact table. a. true b. false\ |
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Answer» _______✨ HEY MATE ✨_______ |
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| 43. |
A sum becomes for rs 4500 after 2 years and rs 6750 after 4 years at compound interest.the sum is |
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Answer» Amount (A2) =Rs 6750 Time 2 = 4YEARS Let the rate% =R% Principal= Rs p According to the question, 4500= p ( 1+R/100)² .......(i) 6750= p(1+R/100) power 4 .......(ii) By adding equation (ii) by the equation...(i) 6750/4500= (1+R/100)²...(iii) From equation (i) and (ii) 4500= P*3/2 P = 4500*2/3 Now we divide 4500 by 3 we get 1500 then 1500 *2=3000 we get principal =3000 and the C.I = 4500 " |
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| 44. |
Enumerate its MERITS AND DEMERITS IN THE context of indian economy ? |
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Answer» HOLA MATE HERE IS UR ANSWER ♥♥♥♥ |
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| 45. |
What conclusion can someone draw from the map? |
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Answer» Your question is incomplete but what you need to know is that in any map you need to ANALYZE it fully in order to IDENTIFY FEATURES present in the map. From the features, you will be able to draw logical conclusions which will be geared to your expectation. We normally say that one needs to THINK now critically in that from the features in the map you will be able to RELATE it well with what is happening. . |
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| 46. |
Reaction of different countries on indain demonatization |
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Answer» For this question I think you NEED to REFER to the news SITES and youtube as you most of the people who will see this question WOULD be from India. |
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| 47. |
What is total production of the three sector |
Answer» SECTORS OF PRODUCTIONUsually the sectors of production is of three types depending on its type they are:-
The total production of these three sectors is production and selling of goods and SERVICES which adds the national income and are THEREFORE called economic activities. |
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| 48. |
What is waste accumulation |
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Answer» The accumulation WASTE in the environment CAUSES LOSS to economy, interrupts bio geo chemicals CYCLES and DAMAGE historical monuments. |
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| 49. |
What is conclusion for government budget |
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Answer» Budgeting isn't just for POOR people or for times when MONEY is tight or your LIFE is undergoing a major transition. Budgeting is for everyone because it makes it easier to achieve financial goals of all shapes and sizes, WHETHER that goal is to stay out of DEBT next month or to pay cash for a sports car. |
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| 50. |
The person, group or organization associated with the bank of england that sets interest rates for the u.K. Is the |
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