ALPHA GROUP OF INSTITUTIONS PGT Economics Interview Questions and Answers

Q1. What is fiscal stimulus?
Ans. 
Fiscal stimulus refers to government policies aimed at increasing aggregate demand and stimulating economic growth.
• Fiscal stimulus involves increasing government spending or reducing taxes to boost economic activity.

• It is typically used during times of economic downturn or recession.

• Examples of fiscal stimulus measures include infrastructure spending, tax cuts, and direct cash transfers to individuals or businesses.

• The...read more
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Q2. What will happen to interest rate when exchange rate is depreciated?
Ans. 
Depreciation of exchange rate leads to increase in interest rate.
• Depreciation of exchange rate leads to inflationary pressure.

• Central banks increase interest rates to control inflation.

• Higher interest rates attract foreign investors, increasing demand for domestic currency.

• Examples: India increased interest rates in 2018 when rupee depreciated.

• Similarly, Turkey increased interest rates in 2021 when lira depreciated.
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Q3. What is perfect price discrimination?
Ans. 
Perfect price discrimination is a pricing strategy where a seller charges each customer the maximum price they are willing to pay.
• Seller charges different prices to different customers based on their willingness to pay

• Seller captures the entire consumer surplus

• Requires seller to have perfect information about each customer's willingness to pay

• Examples include car dealerships negotiating prices with customers and airlin...read more
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Q4. What is opportunity cost? Can you give me an example?
Ans. 
Opportunity cost is the value of the next best alternative forgone in order to pursue a certain action.
• Opportunity cost is a fundamental concept in economics.

• It refers to the cost of an alternative that must be forgone in order to pursue a certain action.

• For example, if you choose to spend money on a vacation, the opportunity cost is the value of the next best alternative use of that money, such as investing it or payi...read more
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They gave three question of which one hour was provided to complete the answer. It was a open book kind of assignment but without any plagrism.
First ques was based on calculation and we had to provide definition, formula and value. Second was more of technical related to our field and third was a google doc related table making.
They explained everything before hand.

Q1. Nothing they just explained the job work and salary package. Thats it
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Q1. Experience and also u need to give a short demo for a topic.
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Q1. Prior ctc and experience
Ans. 
I have a prior CTC of $50,000 and 5 years of teaching experience.
• Prior CTC: $50,000

• Teaching experience: 5 years
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Q1. Educational qualifications
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Q2. Subject you teach
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I teach Mathematics at the high school level.
• Teach various topics such as algebra, geometry, calculus, and statistics

• Use real-life examples to make concepts more relatable

• Provide individualized support to students who need extra help
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