Study the following table, figure, passage and answer the questions given below. Ajit went to the vegetable market to get vegetables and spent 100 rupees. He later bought groceries... Study the following table, figure, passage and answer the questions given below. Ajit went to the vegetable market to get vegetables and spent 100 rupees. He later bought groceries from D-Mart worth 2000 rupees, paying with a credit card. What type of money did Ajit use? Explain the type of money used at D-Mart and give your opinion on the passage. Additionally, observe the table and answer the questions regarding cumulative frequency and formula of Q1. Finally, explain the characteristics and types of human needs and discuss the issues in the agricultural sector of Maharashtra.
Understand the Problem
The question presents various tasks related to economics, requiring analysis and explanation of concepts such as money, transactions, and human needs. It includes case studies and asks for opinions and calculations based on provided data.
Answer
Ajit used cash and credit. Credit cards are electronic money. Address issues in Maharashtra agriculture and discuss human needs characteristics.
Ajit used cash for vegetables and a credit card at D-Mart. A credit card allows deferred electronic payment. Cumulative frequency sums up as you proceed through the dataset: 8, 14, 20, 28, 34, 43. Total frequency is 43, and Q1 can be calculated using the formula n/4. Human needs are both basic (food, shelter) and advanced (education, leisure). Maharashtra faces issues like erratic weather, insufficient irrigation, and government initiatives focus on subsidies, crop insurance, and technology adoption.
Answer for screen readers
Ajit used cash for vegetables and a credit card at D-Mart. A credit card allows deferred electronic payment. Cumulative frequency sums up as you proceed through the dataset: 8, 14, 20, 28, 34, 43. Total frequency is 43, and Q1 can be calculated using the formula n/4. Human needs are both basic (food, shelter) and advanced (education, leisure). Maharashtra faces issues like erratic weather, insufficient irrigation, and government initiatives focus on subsidies, crop insurance, and technology adoption.
More Information
Cash represents immediate payment, while credit cards signify future payment obligations. This highlights two modes of transaction common in daily life. Understanding these helps in effective financial management.
Tips
A common mistake is confusing types of payments: credit cards are not actual cash but a credit facility. Misunderstanding cumulative frequency often happens when totals are incorrectly summed up or placed.
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