2044 + Interview Questions in Economics Page 19 InterviewSolution

901.	कृष्ण प्रेम में डूबी गोपी क्यों श्याम रंग में डूबकर भी उसे निचोड़ना नहीं चाहती?
Answer» कृष्ण प्रेम में डूबी गोपी क्यों श्याम रंग में डूबकर भी उसे निचोड़ना नहीं चाहती?

Discussion

902.	The maximum limit of SLR is___
Answer» The maximum limit of SLR is___

Discussion

903.	Which order should be followed while answering the NEET question paper?
Answer» Which order should be followed while answering the NEET question paper?

Discussion

904.

Raghuveer keeps incomplete records. His position was as follows: 31st March, 2016 (₹) 31st March, 2017 (₹) Cash in Hand 2,000 3,000 Cash at Bank 30,000 20,000 Stock-in-Trade 2,00,000 1,90,000 Sundry Debtors 85,000 1,40,000 Plant & Machinery 1,50,000 2,70,000 Fixtures and Fittings 18,000 15,000 Sundry Creditors 2,20,000 2,90,000 During the year, Raghuveer introduced ₹ 50,000 as further capital in the business and withdrew ₹ 7,500 per month. From the above information, show Profit or Loss for the year ended 31st March, 2017.

Answer» Raghuveer keeps incomplete records. His position was as follows:

	31st March, 2016 (₹)	31st March, 2017 (₹)
Cash in Hand	2,000	3,000
Cash at Bank	30,000	20,000
Stock-in-Trade	2,00,000	1,90,000
Sundry Debtors	85,000	1,40,000
Plant & Machinery	1,50,000	2,70,000
Fixtures and Fittings	18,000	15,000
Sundry Creditors	2,20,000	2,90,000

During the year, Raghuveer introduced ₹ 50,000 as further capital in the business and withdrew ₹ 7,500 per month. From the above information, show Profit or Loss for the year ended 31st March, 2017.

Discussion

905.

Show how the following will be recorded in the Capital Accounts of the Partners Sohan and Mohan when their capitals are fluctuating: Sohan(₹) Mohan(₹) Capital on 1st April, 2017 4,00,000 3,00,000 Drawings during 2017 –18 50,000 30,000 Interest on Capital 5% 5% Interest on Drawings 1,250 750 Share of Profit for 2017–18 60,000 50,000 Partner's Salary 36,000 ..... Commission 5,000 3,000

Answer» Show how the following will be recorded in the Capital Accounts of the Partners Sohan and Mohan when their capitals are fluctuating:

	Sohan(₹)	Mohan(₹)
Capital on 1st April, 2017	4,00,000	3,00,000
Drawings during 2017 –18	50,000	30,000
Interest on Capital	5%	5%
Interest on Drawings	1,250	750
Share of Profit for 2017–18	60,000	50,000
Partner's Salary	36,000	.....
Commission	5,000	3,000

Discussion

906.	What is the full form of CRR?
Answer» What is the full form of CRR?

Discussion

907.	Differentiate between physical capital and human capital.
Answer» Differentiate between physical capital and human capital.

Discussion

908.	What factors are to be considered while starting a business? Explain.
Answer» What factors are to be considered while starting a business? Explain.

Discussion

909.	Suppose marginal propensity to consume is 0.75 and there is a 20% proportional income tax. Find the change in equilibrium income for the following: (i) Government purchases increase by 20 (ii) Transfers decrease by 20
Answer» Suppose marginal propensity to consume is 0.75 and there is a 20% proportional income tax. Find the change in equilibrium income for the following: (i) Government purchases increase by 20 (ii) Transfers decrease by 20

909.

Suppose marginal propensity to consume is 0.75 and there is a 20% proportional income tax. Find the change in equilibrium income for the following: (i) Government purchases increase by 20 (ii) Transfers decrease by 20

Answer»

Suppose marginal propensity to consume is 0.75 and there is a 20% proportional income tax. Find the change in equilibrium income for the following:

(i) Government purchases increase by 20

(ii) Transfers decrease by 20

Discussion

910.	Define Marketing. How is it different from selling? Discuss.
Answer» Define Marketing. How is it different from selling? Discuss.

Discussion

911.	Why has rural banking not been able to give adequate credit to farmers?
Answer» Why has rural banking not been able to give adequate credit to farmers?

Discussion

912.	Maximum credit that the commercial banks can legally create is indicated by:
Answer» Maximum credit that the commercial banks can legally create is indicated by:

Discussion

913.	____ areas are like lakes or marshlands that act like sponges and absorb the extra water in case rainfall is too much.
Answer» ____ areas are like lakes or marshlands that act like sponges and absorb the extra water in case rainfall is too much.

Discussion

914.	Find equilibrium Y when C = 100 + 0.5Y and I = 1,000.
Answer» Find equilibrium Y when C = 100 + 0.5Y and I = 1,000.

Discussion

915.	Market price of the final goods and services (including depreciation) produced within the domestic territory of a country during an accounting year, is called :
Answer» Market price of the final goods and services (including depreciation) produced within the domestic territory of a country during an accounting year, is called :

Discussion

916.	Why are "Subsidies given to the State Government" revenue expenditures?
Answer» Why are "Subsidies given to the State Government" revenue expenditures?

Discussion

917.	Tax rates on higher income group have been increased. Which economic value does it reflect? Explain.
Answer» Tax rates on higher income group have been increased. Which economic value does it reflect? Explain.

Discussion

918.	The fifth plan, which was launched in Indira Gandhi’s regime, laid focus on:
Answer» The fifth plan, which was launched in Indira Gandhi’s regime, laid focus on:

Discussion

919.	"While subsidies encourage farmers to use new technology, they are a huge burden on government finances". Discuss the usefulness of subsidies in the light of this fact.
Answer» "While subsidies encourage farmers to use new technology, they are a huge burden on government finances". Discuss the usefulness of subsidies in the light of this fact.

Discussion

920.	The estimated intake of calorie of a rural person is:
Answer» The estimated intake of calorie of a rural person is:

Discussion

921.	Out of the following, which is the most rigid exchange rate system that does not allow any adjustment in the exchange rate?
Answer» Out of the following, which is the most rigid exchange rate system that does not allow any adjustment in the exchange rate?

Discussion

922.	Why are poverty alleviation programmes targeted in rural areas?
Answer» Why are poverty alleviation programmes targeted in rural areas?

Discussion

923.	Rural population need short-term loans for
Answer» Rural population need short-term loans for

Discussion

924.	What is the difference between absolute and relative poverty?
Answer» What is the difference between absolute and relative poverty?

Discussion

925.	Q3) India recently gave its approval for the ratification and submitting of the Articles of Agreement (AoA) of AIIB. Which of the following is incorrect about Asian Infrastructure Investment Bank (AIIB)? 1) It is designed to finance infrastructure projects including energy, transport, skill development and infrastructure projects all over the world 2) AIIB’s Headquarter is located at Beijing 3) Russia is the second largest shareholder after China with 6.66 percent stake and voting share of 5.92 per cent Code:
Answer» Q3) India recently gave its approval for the ratification and submitting of the Articles of Agreement (AoA) of AIIB. Which of the following is incorrect about Asian Infrastructure Investment Bank (AIIB)? 1) It is designed to finance infrastructure projects including energy, transport, skill development and infrastructure projects all over the world 2) AIIB’s Headquarter is located at Beijing 3) Russia is the second largest shareholder after China with 6.66 percent stake and voting share of 5.92 per cent Code:

925.

Q3) India recently gave its approval for the ratification and submitting of the Articles of Agreement (AoA) of AIIB. Which of the following is incorrect about Asian Infrastructure Investment Bank (AIIB)? 1) It is designed to finance infrastructure projects including energy, transport, skill development and infrastructure projects all over the world 2) AIIB’s Headquarter is located at Beijing 3) Russia is the second largest shareholder after China with 6.66 percent stake and voting share of 5.92 per cent Code:

Answer»

Q3) India recently gave its approval for the ratification and submitting of the Articles of Agreement (AoA) of AIIB. Which of the following is incorrect about Asian Infrastructure Investment Bank (AIIB)?

1) It is designed to finance infrastructure projects including energy, transport, skill development and infrastructure projects all over the world

2) AIIB’s Headquarter is located at Beijing

3) Russia is the second largest shareholder after China with 6.66 percent stake and voting share of 5.92 per cent

Code:

Discussion

926.	Suppose that 1$= Rs. 60. The demand for rupees increases and then the exchange rate is such that 1$=Rs. 55. This is an example of which of the following:
Answer» Suppose that 1$= Rs. 60. The demand for rupees increases and then the exchange rate is such that 1$=Rs. 55. This is an example of which of the following:

926.

Suppose that 1$= Rs. 60. The demand for rupees increases and then the exchange rate is such that 1$=Rs. 55. This is an example of which of the following:

Answer»

Suppose that 1$= Rs. 60.

The demand for rupees increases and then the exchange rate is such that 1$=Rs. 55. This is an example of which of the following:

Discussion

927.	Direct foreign investment is a source of:
Answer» Direct foreign investment is a source of:

Discussion

928.	If a country’s manufacturing capacity is fully utilized, there can be no industrial growth without new capital investment. Any reduction in interest rates produces new capital investment. Which one of the following can be properly concluded from the statements above?
Answer» If a country’s manufacturing capacity is fully utilized, there can be no industrial growth without new capital investment. Any reduction in interest rates produces new capital investment. Which one of the following can be properly concluded from the statements above?

Discussion

929.	Speculative demand for money is given by Mds = .
Answer» Speculative demand for money is given by $M_{s}^{d}$ = .

Discussion

930.	Explain the recent capital market reforms in India.
Answer» Explain the recent capital market reforms in India.

Discussion

931.	When RBI wants to reduce liquidity in the banking system,
Answer» When RBI wants to reduce liquidity in the banking system,

Discussion

932.	Government transfer payments include:
Answer» Government transfer payments include:

Discussion

933.	Indian economy is a mixed economy because here both the agricultural sector and industrial sector co-exist and work together.
Answer» Indian economy is a mixed economy because here both the agricultural sector and industrial sector co-exist and work together.

Discussion

934.	If the tax rate is 0.5 and the MPC is 0.4, what is the government spending multiplier?
Answer» If the tax rate is 0.5 and the MPC is 0.4, what is the government spending multiplier?

Discussion

935.	If real exchange rate has fallen, which of the following might be true?
Answer» If real exchange rate has fallen, which of the following might be true?

Discussion

936.	Why are imports considered as a negative item in the estimation of domestic income?
Answer» Why are imports considered as a negative item in the estimation of domestic income?

Discussion

937.	Recently the government has changed the calculation method of Nation Income. Consider the following statements regarding this- 1. GDP at Factor cost and not GDP at Market price will define the GDP of the nation 2. The new series of National Income Accounts has revised the base year from 2004-05 to 2010-11. 3. Individual Industry wise estimate will be presented as Gross Value Added (GVA) at basic prices. 4. IMF and WTO also provide projected growth for India. Which of the above statements is/are incorrect?
Answer» Recently the government has changed the calculation method of Nation Income. Consider the following statements regarding this- 1. GDP at Factor cost and not GDP at Market price will define the GDP of the nation 2. The new series of National Income Accounts has revised the base year from 2004-05 to 2010-11. 3. Individual Industry wise estimate will be presented as Gross Value Added (GVA) at basic prices. 4. IMF and WTO also provide projected growth for India. Which of the above statements is/are incorrect?

937.

Recently the government has changed the calculation method of Nation Income. Consider the following statements regarding this- 1. GDP at Factor cost and not GDP at Market price will define the GDP of the nation 2. The new series of National Income Accounts has revised the base year from 2004-05 to 2010-11. 3. Individual Industry wise estimate will be presented as Gross Value Added (GVA) at basic prices. 4. IMF and WTO also provide projected growth for India. Which of the above statements is/are incorrect?

Answer»

Recently the government has changed the calculation method of Nation Income. Consider the following statements regarding this-

1. GDP at Factor cost and not GDP at Market price will define the GDP of the nation

2. The new series of National Income Accounts has revised the base year from 2004-05 to 2010-11.

3. Individual Industry wise estimate will be presented as Gross Value Added (GVA) at basic prices.

4. IMF and WTO also provide projected growth for India.

Which of the above statements is/are incorrect?

Discussion

938.	Differentiate between formal sector and informal sector.
Answer» Differentiate between formal sector and informal sector.

Discussion

939.	Q18 Consider the following statements with respect to Central Pollution Control Board (CPCB): 1. It is a statutory organisation. 2. It was constituted under the Air (Prevention and Control of Pollution) Act, 1981. 3. It was entrusted with the powers and functions under the Water (Prevention and Control of Pollution) Act, 1974. 4. It has to advise the Central Government on any matter concerning prevention and control of water and air pollution and improvement of the quality of air. Which of the above statement/s is/are incorrect?
Answer» Q18 Consider the following statements with respect to Central Pollution Control Board (CPCB): 1. It is a statutory organisation. 2. It was constituted under the Air (Prevention and Control of Pollution) Act, 1981. 3. It was entrusted with the powers and functions under the Water (Prevention and Control of Pollution) Act, 1974. 4. It has to advise the Central Government on any matter concerning prevention and control of water and air pollution and improvement of the quality of air. Which of the above statement/s is/are incorrect?

939.

Q18 Consider the following statements with respect to Central Pollution Control Board (CPCB): 1. It is a statutory organisation. 2. It was constituted under the Air (Prevention and Control of Pollution) Act, 1981. 3. It was entrusted with the powers and functions under the Water (Prevention and Control of Pollution) Act, 1974. 4. It has to advise the Central Government on any matter concerning prevention and control of water and air pollution and improvement of the quality of air. Which of the above statement/s is/are incorrect?

Answer»

Q18 Consider the following statements with respect to Central Pollution Control Board (CPCB):

1. It is a statutory organisation.

2. It was constituted under the Air (Prevention and Control of Pollution) Act, 1981.

3. It was entrusted with the powers and functions under the Water (Prevention and Control of Pollution) Act, 1974.

4. It has to advise the Central Government on any matter concerning prevention and control of water and air pollution and improvement of the quality of air.

Which of the above statement/s is/are incorrect?

Discussion

940.	What are accomodating items?
Answer» What are accomodating items?

Discussion

941.	Explain the 'Unit of Account' function of money. How has it solved the related problem created by the barter system?
Answer» Explain the 'Unit of Account' function of money. How has it solved the related problem created by the barter system?

Discussion

942.	What is the difference between Microeconomics and Macroeconomics?
Answer» What is the difference between Microeconomics and Macroeconomics?

Discussion

943.	Who is the "Father of Economics"?
Answer» Who is the "Father of Economics"?

Discussion

944.	Commercial banks accept deposits from the public in the form of:
Answer» Commercial banks accept deposits from the public in the form of:

Discussion

945.	Which of the following is a type of wage employment?
Answer» Which of the following is a type of wage employment?

Discussion

946.	Explain the role of reverse repo rate in controlling money supply.
Answer» Explain the role of reverse repo rate in controlling money supply.

Discussion

947.	Amol argues that in the era of privatisation, there is no need for government intervention in education and health sectors. However, his friend Ritu argues that education and health care services create social benefits and therefore there is a need for government intervention in education and health sectors. Provide your stance on this subject nad validate.
Answer» Amol argues that in the era of privatisation, there is no need for government intervention in education and health sectors. However, his friend Ritu argues that education and health care services create social benefits and therefore there is a need for government intervention in education and health sectors. Provide your stance on this subject nad validate.

Discussion

948.	Define money supply.
Answer» Define money supply.

Discussion

949.	Calculate real exchange rate if the domestic price level is 100, the price level in the US is 500, and the nominal exchange rate is 70 dollars per rupee.
Answer» Calculate real exchange rate if the domestic price level is 100, the price level in the US is 500, and the nominal exchange rate is 70 dollars per rupee.

Discussion

950.	If aggregate demand increases, aggregate supply will increase only when there is(are)
Answer» If aggregate demand increases, aggregate supply will increase only when there is(are)

Discussion

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कृष्ण प्रेम में डूबी गोपी क्यों श्याम रंग में डूबकर भी उसे निचोड़ना नहीं चाहती?

The maximum limit of SLR is___

Which order should be followed while answering the NEET question paper?

What is the full form of CRR?

Differentiate between physical capital and human capital.

What factors are to be considered while starting a business? Explain.

Suppose marginal propensity to consume is 0.75 and there is a 20% proportional income tax. Find the change in equilibrium income for the following: (i) Government purchases increase by 20 (ii) Transfers decrease by 20

Define Marketing. How is it different from selling? Discuss.

Why has rural banking not been able to give adequate credit to farmers?

Maximum credit that the commercial banks can legally create is indicated by:

____ areas are like lakes or marshlands that act like sponges and absorb the extra water in case rainfall is too much.

Find equilibrium Y when C = 100 + 0.5Y and I = 1,000.

Market price of the final goods and services (including depreciation) produced within the domestic territory of a country during an accounting year, is called :

Why are "Subsidies given to the State Government" revenue expenditures?

Tax rates on higher income group have been increased. Which economic value does it reflect? Explain.

The fifth plan, which was launched in Indira Gandhi’s regime, laid focus on:

"While subsidies encourage farmers to use new technology, they are a huge burden on government finances". Discuss the usefulness of subsidies in the light of this fact.

The estimated intake of calorie of a rural person is:

Out of the following, which is the most rigid exchange rate system that does not allow any adjustment in the exchange rate?

Why are poverty alleviation programmes targeted in rural areas?

Rural population need short-term loans for

What is the difference between absolute and relative poverty?

Suppose that 1$= Rs. 60. The demand for rupees increases and then the exchange rate is such that 1$=Rs. 55. This is an example of which of the following:

Direct foreign investment is a source of:

If a country’s manufacturing capacity is fully utilized, there can be no industrial growth without new capital investment. Any reduction in interest rates produces new capital investment. Which one of the following can be properly concluded from the statements above?

Speculative demand for money is given by Mds = .

Explain the recent capital market reforms in India.

When RBI wants to reduce liquidity in the banking system,

Government transfer payments include:

Indian economy is a mixed economy because here both the agricultural sector and industrial sector co-exist and work together.

If the tax rate is 0.5 and the MPC is 0.4, what is the government spending multiplier?

If real exchange rate has fallen, which of the following might be true?

Why are imports considered as a negative item in the estimation of domestic income?

Differentiate between formal sector and informal sector.

What are accomodating items?

Explain the 'Unit of Account' function of money. How has it solved the related problem created by the barter system?

What is the difference between Microeconomics and Macroeconomics?

Who is the "Father of Economics"?

Commercial banks accept deposits from the public in the form of:

Which of the following is a type of wage employment?

Explain the role of reverse repo rate in controlling money supply.

Define money supply.

Calculate real exchange rate if the domestic price level is 100, the price level in the US is 500, and the nominal exchange rate is 70 dollars per rupee.

If aggregate demand increases, aggregate supply will increase only when there is(are)