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. |
State any two working capitals required by the farmers using modern farming method |
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Answer» Explanation: two working CAPITALS required by the farmers USING modern FARMING methods are:- (ii) money mark it as brainliest answer |
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| 2. |
What do you mean rising importance of the territory sector in production |
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Answer» Explanation: Rising IMPORTANCE of the Tertiary SECTOR. ... The development in the Agricultural and Industrial sectors has INCREASED the need for services such as TRANSPORTATION, storage and TRADE. As the income of the people increased the demand for services in tourism, retailing, catering and elite education also increased. |
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| 3. |
What are the core elements of the growth employment and redistribution strategy of the South African government in 1996? |
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Answer» ...... |
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| 4. |
Economics is the Study of allocation of scarce means to alternate ends discuss |
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Answer» The recent interest in the sphere of consumption has stemmed from a more general RECASTING of the definition of economics. Instead of being concerned with particular spheres of human activity (i.,e., production and distribution), ECONOMISTS have proclaimed their subject to be the theory of the allocation of scarce resources among competing ends. This definition can include not only the allocation of productive factors within the sphere of production or the distribution of the product, but also the allocation of resources within the family. There are two focal points to this second approach to defining economics. The first is the focus on allocation, or choosing among alternatives. The second is the emphasis on scarcity. The preoccupation with allocation in economics has evolved into seeing economics essentially as a theory of choice --of the logical processes through which people choose among alternatives. Thus, economists study how individuals, corporations and the government choose to allocate their resources. In the case of individuals, economists study how they choose to allocate their time between working for a wage and leisure, how they choose to allocate their wage among various goods and services they can buy, and how they choose to allocate those goods within the family. In most theories of individual choice, it is assumed that individuals make their choices in the light of factors over which they have no influence, e.g., the wage rate available to them, the prices they must pay for goods, the amount of money they have available and so on. In the case of the business firm (most commonly today this is a limited liability corporation), economists look at the decision about which goods to produce, what combination of inputs to buy to produce them and, in some cases, what prices to charge. Here again it is often assumed that firms face given prices of inputs, a given demand for various PRODUCTS and a given array of available technologies. In the case of the government, there are two areas of economics that study decisions about economic policy. Macroeconomics focuses on two things: first, what is called fiscal policy or decisions about aggregate spending and its financing, i.e., the mix of taxation and borrowing, and second, it also concerns government monetary policy, i.e., control over the aggregate quantity of money in circulation. The second area of economics concerned with government choices is called public finance. It is preoccupied with a detailed, disaggregated analysis of how the government chooses to allocate its spending and how it chooses to impose its taxes and organize its borrowing. For example, public finance economists ask questions about the impact on industrial structure of a given pattern of government expenditures or about the impact of a given tax policy on the distribution of wealth. In all of these cases we can see how the study of choice is aimed at providing theory which can provide useful input into policy making, into the management of various aspects of the “economy,” whether by business, individuals or government. When economists think about the process of choosing among alternatives, they usually assume what they call "rationality" on the part of decision-makers. By rationality they mean that those doing the choosing are able to rank their preferences (i.e., know they prefer choice A to choice B or vice versa or are indifferent between the two choices). This also implies decision-makers understand the trade-offs involved in choosing A over B or vice versa. By trade-off economists mean what the chooser gives up by taking A instead of B. What they are giving up by not taking B these economists call the "opportunity cost" of A. Now, we must note that in these analyses of choice, economists assume that decisions are made by individuals or groups acting as individuals. There is little analysis in economics of the actual processes through which groups actually make decisions. That is another subject which economists, for the most part, leave to managers and sociologists (in the case of corporations) or to political scientists (in the case of governments). There is thus a bias in contemporary mainstream economics to analyze choice in terms of individual choice. The second focus of most contemporary definitions of economics is scarcity. Decision-makers are thought to be choosing among scarce resources. Most economists consider the concept of scarcity to be fairly commonsensical and obvious. That which is not infinite, is, by definition, scarce. Individuals must decide how to allocate their money because they have only limited AMOUNTS of it to spend. Firms must carefully CALCULATE how to employ their investment funds to avoid waste because they have only so much money available. |
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| 5. |
Write differences between service sector and territory sectors |
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Answer» The tertiary sector or service sector is the third of the three ECONOMIC sectors of the three-sector theory. The others are the secondary sector (approximately the same as MANUFACTURING), and the primary sector (raw materials). The service sector consists of the production of services INSTEAD of END products. |
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| 8. |
What is absolutist government!??? |
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Answer» a system of government where is limitless power and WASTE in a single person or a body it is a moner FULL form of government in which the ruler is the ABSOLUTE authority and it is not answerable to any body |
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| 10. |
What is Caulateral Money?? |
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Answer» COLLEGE Bali search App load basil live stock DEPOSIT with BANK cooperative BUILDING use them as a grand 2 lander on the LOAN of rapid |
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| 12. |
Write the function of RBI?? |
Answer»
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| 13. |
Write old form of money??? |
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| 14. |
What is money???????? |
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Answer» Answer: hiii your answer is here! money - Anything of value that serves as a (1) generally ACCEPTED medium of financial exchange, (2) legal tender for repayment of debt, (3) standard of value, (4) unit of accounting measure, and (5) MEANS to save or store purchasing power. See also cash. follow me ! |
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| 15. |
What is organised sector??? |
Answer»
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| 16. |
Write a short note on NREGA?? |
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Answer» National RURAL Employment Guarantee Act this act lost in 2005 as Nrega but ETV main MANREGA Mahatma Gandhi National Rural Employment Guarantee Act this launched in 2009 under this act government provide employment to EVERY household for 100 day.government provide JOB card under the MANREGA it government hill to provide work when have to be part of COMPLETION Government board the scheme the provide in unemployment it is come on the right to work |
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| 17. |
Define underemployed????? |
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Answer» the CONDITION of worker in agriculture have most of people image in agriculture but output is not comparatively this is kind of under EMPLOYMENT is HIDDEN so this is ALSO called is USED on unemployment |
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| 18. |
What is tertiary sector???? |
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Answer» it is also known as service sectortransportation certus COMMUNICATION transportation banking itno TERTIARY sector. |
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| 19. |
What is secondary sector??? |
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Answer» the sector of the ECONOMY concerned with or relating to SECONDARY industry. If it is helpful to you then PLZZ FOLLOW me and mark me as brainlist. Thank you ♥ |
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| 20. |
What is primary sector???? |
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Answer» Answer: The primary sector includes the production of raw material and BASIC foods. ACTIVITIES associated with the primary sector include agriculture (both subsistence and commercial), mining, forestry, farming, grazing, hunting and gathering, FISHING, and quarrying. ... The tertiary sector of the ECONOMY is the service industry. |
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| 22. |
What is gross domestic product???? |
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Answer» gross DOMESTIC PRODUCT is the final VALUE of all goods and service when produced in a GEOGRAPHICAL REASON in a particular year |
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| 23. |
What is sustainable development????? |
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Answer» search enable development report to the freezer REASON and conservation of resource for future GENERATION this concept has be PROVIDE to all of countries by UNO |
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| 24. |
What is the basis for treating deposit in the back of money |
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Answer» These DEPOSITS are made to deposit accounts such as savings accounts, checking accounts and money MARKET accounts. The account HOLDER has the right to withdraw DEPOSITED funds, as set FORTH in the terms and conditions governing the account agreement |
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| 25. |
What are you using more in your life? |
Answer» ACTUALLY, I am using my mind,,All are using SMART phones |
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| 26. |
Define income and other goals??? |
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Answer» BESIDE the income does need degnity respect and equal treatment.for the development government should promote PER capita income INDUSTRIAL growth increasing life EXPECTANCY literacy RATE |
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| 27. |
According to you what is important in life? |
| Answer» PARENTS, FAMILY, EDUCATION, myself.......... | |
| 28. |
What is human development????? |
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Answer» HUMAN DEVELOPMENT is RELATED to the human EVOLUTION |
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| 29. |
(C) Differentiate between economic and non-economic activities. Give any two points. |
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Answer» Economic activities are performed for economic MOTIVE, i.e. earning PROFIT. On the other hand, non-economic activities are performed due to social or psychological REASONS, i.e. out of love, affection ETC. ... Economic activities RESULT in creation and accumulation of wealth as they are done to earn profit |
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| 30. |
What is development????? |
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Answer» Answer: Development is the POSITIVE and progressive CHANGE that MAKES something BETTER. |
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| 32. |
What is nornal good |
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Answer» Explanation: In ECONOMICS, a NORMAL GOOD is any good for which demand increases when income increases, i.e. with a POSITIVE income elasticity of demand. HOPE IT HELPS MARK AS BRAINLIEST..... |
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| 33. |
What is macroeconomic?? define it. |
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Answer» Answer: the BRANCH of ECONOMICS concerned with large-scale or GENERAL ECONOMIC FACTORS, such as interest rates and national productivity..... |
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| 34. |
Find out from your parents if they pay tax. If yes why do they do so and how ? |
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Answer» Answer: YES. we usually pay the tax. Tax money is for government. Tax money helps to ensure the road you travel on safe or well maintained. Taxation MEANS by which the government FINANCE their expenditure by imposing charges on citizens and corporate entities. The main purpose of taxation is to accumulate the funds for the FUNCTIONING of the government. |
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| 35. |
How the land is distributed among the farmers in Palampur village? |
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Answer» Explanation: Land is a very important factor in the production of crops. But the land was not equally distributed among all the farmers. 1. Approximately there were 450 families in Palampur. 2. One-third of the families, i.e. 150 families had no land of their own to CULTIVATE. They were landless. 3. 240 families out of the remaining 300 families had very small fields less than 2 HECTARES in area. They could not fulfil all their needs through the cultivation of these small areas. To earn extra money, they had to work as farm labourers in the fields of large farmers. 4. More than half of the area of the village was covered by large fields which were owned by remaining 60 families. These large farmers had more than 2 hectares of land to cultivate. 5. A few of them even had more than 10 hectares of land. This is how the land was distributed between the farmers of Palampur. |
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| 36. |
Mention any 4 character sticks of development |
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Answer» Characteristics of DEVELOPMENT are as follow :-) (i) The idea of development has always been with ’ us, when we desires about what we would like to do. (ii) Development involves THINKING about the . questions and about the WAYS in which we can work forwards ACHIEVING our desired goals. (iii) There can be different development goals of different persons. (iv) Development for one may not be development for other. It may even be destructive for other. |
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| 37. |
How many forieng biscuits |
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Answer» Explanation: Malted MILK. The biscuit you ATE at primary SCHOOL because you hadn't YET LEARNT what real biscuits were. |
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| 38. |
Reform of trade and investment |
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Answer»
The restrictions on foreign goods were removed and the liberalization of the trade and investment sector was aimed at increasing international competitiveness in INDIAN market and to increase the EFFICIENCY of the DOMESTIC markets.and it was ALSO introduced to PROMOTE the adoption the modern technology |
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| 39. |
How can I get 100 items for Rs100 if we get 5 apples for Rs 1 ,12 bananas for Rs 1 and 1 orange for Rs 1. |
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Answer» Answer: 100 ORANGES Explanation: By BUYING only oranges CONDITION is not there that we have to TAKE all of these |
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| 40. |
Food supply chain in India |
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| 41. |
What do you mean by PPC ? And Marginal Rate of Transformation (MRT)? |
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Answer» Answer: yeah Explanation: The rate at which one product is transformed into ANOTHER, given the resources, is called as the marginal rate of transformation (MRT). In other words, MRT between two goods X and Y is the amount of GOOD Y that MUST be SACRIFICED to PRODUCE one more unit of good X (i.e., ) |
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| 42. |
Difference between singular and plural sense of statistics |
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Answer» In plural sense statistics MEANS numerical FACT systematically COLLECTED that is data and in SINGULAR sense statistic means a FACTS or piece of data obtained from a study of large quantity of numerical data. In the plural sense, statistics REFERS to the systematic collection of numerical facts. |
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| 43. |
"Poverty should be alleviating by enhancing the level of employment "which type of economics this line present. Explain. |
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Answer» Explanation: Poverty REDUCTION is one of the world's most important challenges, and it is proposed the private sector has an important role to play in creating the economic growth, employment and purchasing options needed for SIGNIFICANT poverty reduction. Poverty is highly correlated with many negative measurable aspects of STANDARDS of living and therefore REDUCING poverty can have a positive impact on the lives of MILLIONS of people around the world. There is much to learn about poverty reduction through examining examples in Asia, as it is the region of the world which has both the most people currently living in poverty and has had the most success in reducing poverty. |
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| 44. |
Second stage of law of variable proportions is exhibited by the following total product sequence:(a) 40, 70, 90, 100(b) 40, 90,150, 220(c) 40,80, 120, 160(d) 40, 40, 40, 40 |
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| 45. |
Write a brief note on Benefit-Cost Ratio Analysis? |
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Answer» This is absolutely correct answer: Explanation: A benefit-cost ratio (BCR) is a ratio used in a cost-benefit analysis to SUMMARIZE the overall relationship between the relative costs and benefits of a proposed project. ... If a project has a BCR greater than 1.0, the project is expected to DELIVER a positive net present value to a firm and its investors. Hope it is helpful to you. Please mark me as BRAINLIST. |
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| 46. |
Discuss the major reason for poverty in India. |
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Answer» ILLITERACY............... |
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| 48. |
Human wants are unlimited but means to satisfy them are limited or scarce Comment. |
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Answer» Answer: SINCE human wants are unlimited, and resources used to satisfy those wants are limited - there is scarcity. ... There is always scarcity, because human wants are unlimited. This then brings use to a third important idea: Because of scarcity we MUST MAKE CHOICES. Some economists CALL this the "economizing PROBLEM". |
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| 49. |
Explain the following trends of occupational distribution of India at the time ofindependence:Occupation 1951 (in %)1. Primary sector 72.7i) Agricultureii) Agricultural labouriii) Forestry, fisheries, animal husbandryiv) Mining50.019.72.40.62. Secondary sector 10.1v) Small and large scale industriesvi) Building construction9.01.13. Tertiary sector 17.2vii) Trade and commerceviii) Transport, storage and communicationix) Other services5.21.410.6100.0 |
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Answer» Answer: EXPLAIN the following TRENDS of occupational distribution of India at the time of independence: Occupation 1951 (in %) 1. Primary sector 72.7 i) Agriculture ii) AGRICULTURAL labour iii) Forestry, fisheries, animal husbandry iv) Mining 50.0 19.7 2.4 0.6 2. Secondary sector 10.1 v) Small and large scale industries vi) BUILDING construction 9.0 1.1 3. Tertiary sector 17.2 vii) Trade and commerce viii) Transport, storage and communication ix) Other services 5.2 1.4 10.6 100.0 |
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| 50. |
To increase in price of factors of production change in supply curve will show: |
Answer» explanationExplanation: Prices of Factors of ProductionAn increase in factor prices should decrease the quantity suppliers will offer at any price, SHIFTING the supply curve to the LEFT. ... Such increases in production cost will cause them to PRODUCE a SMALLER quantity at each price, shifting the supply curve for coffee to the left. |
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