Skip to main content

Interview Question: Economics

Interview Questions (Continued...)

Economics

What do you mean by monopolistic competition?

Monopolistic competition characterizes an industry in which many firms offer products or services that are similar, but not perfect substitutes. Barriers to entry and exit in a monopolistic competitive industry are low, and the decisions of any one firm do not directly affect those of its competitors.

What is oligopoly in economics?

Oligopoly markets are markets dominated by a small number of suppliers. They can be found in all countries and across a broad range of sectors. Some oligopoly markets are competitive, while others are significantly less so, or can at least appear that way.

What is perfect competition in simple words?

perfect competition is a type of market form in which there are many companies that sell the same product or service and no one has enough market power to be able to set prices on the product or service without losing business.

 

Depletion method

Depletion is an accrual accounting technique used to allocate the cost of extracting natural resources such as timber, minerals, and oil from the earth. Like depreciation and amortization, depletion is a non-cash expense that lowers the cost value of an asset incrementally through scheduled charges to income.

Time liabilities & demand liabilities:

Time liabilities refer to the liabilities which the commercial banks are liable to repay to the customers after an agreed period, (FD) and demand liabilities are customer deposits which are repayable on demand (saving account)

 

Labels:

Comments

Post a Comment

Popular posts from this blog

UNIT II - INCORPORATION OF COMPANY

2.1 Incorporation of Company The incorporation of a company refers to the legal process that is used to form a corporate entity or a company. An incorporated company is a separate legal entity on its own, recognized by the law. These corporations can be identified with terms like ‘Inc’ or ‘Limited’ in their names. It becomes a corporate legal entity completely separate from its owners. Steps in Incorporation of a Company A group of seven or more people can come together so as to form a  public company  whereas, only two are needed to form a private company. The following steps are involved in the incorporation of a company. 1. Ascertaining Availability of Name The first step in the incorporation of any company is to choose an appropriate name. A company is identified through the name it registers. The name of the company is stated in the memorandum of association of the company. The company’s name must end with ‘Limited’ if it’s a  public compa...
Post a Comment
Read more

Unit I

A web browser, or simply "browser," is an  application  used to access and view  websites . Common web browsers include Microsoft Internet Explorer, Google Chrome, Mozilla Firefox, and Apple Safari. The primary function of a web browser is to render  HTML , the code used to design or "mark up"  webpages . Each time a the browser loads a web page, it processes the HTML, which may include text,  links , and references to images and other items, such as  cascading style sheets  and  JavaScript  functions. The browser processes these items then renders them in the browser window. 1.1 Web Browsing: History of web Browsers, Basic Functions of Web Browser, and Types of Web Browsers Within the realm of computing, web browsing history is the list of  web pages  a user has visited recently, as well as associated data such as page title and time of visit, which is recorded by  web browser  software as standard fo...
Post a Comment
Read more

PROSE 1 - Sundar Pichai

SUMMARY Personal life He is married to Anjali Pichai, a  chemical engineer  from  Kota, Rajasthan . They met as classmates at the  Indian Institute of Technology Kharagpur . The couple have two children. [46]  Pichai's interests include  football  and  cricket . Early life and education Pichai was born in  Madurai ,  Tamil Nadu , India. [12] [13]  His mother Lakshmi was a stenographer and his father, Regunatha Pichai was an electrical engineer at  GEC , the British conglomerate. His father also had a manufacturing plant that produced electrical components. [14] [15]  Pichai grew up in a two-room apartment in  Ashok Nagar ,  Chennai . [14] Pichai completed schooling in Jawahar Vidyalaya, a Central Board of Secondary Education school in Ashok Nagar, Chennai and completed the Class XII from  Vana Vani school  in the  Indian Institute of Technology Madras . He earned his deg...
Post a Comment
Read more