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State with valid reason whether the following statement is true or false:
Rising population is not the cause for quality of human capital formation.
Concept: State of Human Capital Formation in India
Explain the concepts of Opportunity Cost and Marginal Rate of Transformation using a production possibility schedule based on the assumption that no resource is equally efficient in production of all goods.
Concept: Opportunity Cost
When the Average Product (AP) is maximum, the Marginal Product (MP) is: (Choose the correct alternative)
(a) Equal to AP
(b) Less than AP
(c) More than AP
(d) Can be any one of the above
Concept: Average and Marginal Physical Products
Explain the central problem of "choice of technique".
Concept: Concept of Production
Explain the geometric method of measuring price elasticity of supply. Use Diagram.
Concept: Measurement of Elasticity of Supply > Percentage Method
Giving reason comment on the shape of Production Possibilities curve based on the following schedule :
| Good X (units) | Good Y (units) |
| 0 | 10 |
| 1 | 9 |
| 2 | 7 |
| 3 | 4 |
| 4 | 0 |
Concept: Concept of Production
What will be the impact of recently launched 'Clean India Mission' (Swachh Bharat Mission) on the Production Possibilities curve of the economy and why?
Concept: Concept of Production
What will likely be the impact of large-scale outflow of foreign capital on Production Possibilities curve of the economy and why?
Concept: Concept of Production
State the different phases of change in the total product according to the Law of Variable Proportions. Use diagram
Concept: Law of Variable Proportions
What is likely to be the impact of "Make in India" appeal to the foreign investors by the Prime Minister of India, on the production possibilities frontier of India? Explain
Concept: Concept of Production
What is the behaviour of (a) Average Fixed Cost and (b) Average Variable Cost as more and more units of a good are produced?
Concept: Fixed Cost and Variable Cost
What will be the impact of "Education for All campaign" (Sarv Shiksha Abhiyan) on the Production Possibilities Curve of the Indian economy and why?
Concept: Concept of Production
What will likely be the impact of the large-scale inflow of foreign capital in India on Production Possibilities Curve and why?
Concept: Concept of Production
Distinguish between short-run and long-run production functions.
Concept: Production Function
Why is a production possibilities curve downward sloping? Explain
Concept: Concept of Production
Explain the central problem of "What is produced and in what quantities.".
Concept: Concept of Production
In what circumstances may the production possibility frontier shift away from the origin? Explain.
Concept: Concept of Production
State the relation between MC curve and AVC and ATC curves.
Concept: Relationship Between Average Variable Cost and Average Total Cost and Marginal Cost
What similar developmental strategies have India and Pakistan followed for their respective developmental paths?
Concept: Development Strategies - an Appraisal
