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KVS/NVS PGT
Economics Important Interview Questions
Compile by KVS topper (Harshit
Manglik)
Microeconomics
- What
is the difference between Microeconomics and Macroeconomics?
- Explain
the Law of Demand. What are its assumptions and exceptions?
- What
is Price Elasticity of Demand? Explain its different types.
- What
is the difference between movement along the demand curve and shift in the
demand curve?
- Explain
the Law of Diminishing Marginal Utility.
- What
is Consumer Equilibrium? Explain it using the Indifference Curve approach.
- What
is the difference between Perfect Competition, Monopoly, Monopolistic
Competition and Oligopoly?
- How
is price determined under Perfect Competition?
- What
is the difference between Short Run and Long Run in production?
- Explain
the concepts of Total Product, Average Product and Marginal Product.
Macroeconomics
- What
is National Income? Explain GDP, GNP, NDP and NNP.
- What
is the difference between Nominal GDP and Real GDP?
- What
is Inflation? What are its major causes and effects?
- What
is the difference between Demand-Pull and Cost-Push Inflation?
- What
is Unemployment? What are its major types in India?
- Explain
the Keynesian concept of Effective Demand.
- What
is the Multiplier? How does it work?
- What
is the difference between Fiscal Policy and Monetary Policy?
- What
are the major functions of the Reserve Bank of India?
- What
is Balance of Payments? Explain Current Account and Capital Account.
Indian Economy & Development
- What are the major features and challenges of the Indian Economy?
- What
is Human Capital Formation? How is it important for economic development?
- What
is Sustainable Development? Give examples in the Indian context.
- What
is Poverty? Explain the major causes of poverty in India.
- What
is the difference between Economic Growth and Economic Development?
Statistics & Application
- What is the difference between Mean, Median and Mode? When would you use each?
- What is correlation? Does correlation always imply causation?
Economics Pedagogy & Teaching
- How will you explain a difficult concept like Inflation or National Income to Class XI/XII students?
- How will you make Economics teaching practical, interesting and connected with daily life?
- Why should we select you as a PGT Economics teacher for KVS/NVS?
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Interview Success Batches by Sanjeev Kabeer Sir(17+ years of experience)
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