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Important Questions for "business economics":

[1]

  1. Explain the meaning and necessity of Customer's Service.
  2. Explain the concept of personality. Suggest for personality development.
  3. Explain the following: (a) Creating culture, (b) Employees and culture.

[2]

  1. Define Business Economics. Explain its nature and scope.
  2. What do you understand by Inflation? Discuss the causes of inflation in detail.
  3. Explain in detail the main objectives and functions of the World Trade Organization.

[3]

  1. What are the determinants of equilibrium of a firm and price? Describe.
  2. Distinguish between F.D.I and F.I.I and explain the role of 'Foreign Capital' for developing India.
  3. What is Dumping? Describe its main issues.

[4]

  1. Explain the various economies and diseconomies available to large-scale production with suitable examples.
  2. What do you mean by Trade Cycle? Explain its characteristics and phases.
  3. Explain the objectives and functions of the World Trade Organization (WTO).

[5]

  1. What is Business Economics? How does it help in managerial decision-making?
  2. Explain the role of Marginal cost and Marginal Revenue as well as Average cost and Average Revenue for the ascertainment of equilibrium of a firm.
  3. What is dumping? Explain its main issues.

[6]

  1. What do you mean by Business Economics? Explain the various principles of business economics.
  2. What is the relation among Average Cost, Marginal Cost and Total Cost?
  3. What is Groups of Twenty (G-20)? Explain its activities.

[7]

  1. Define Business Economics. Briefly explain the nature, scope, and significance of Business Economics.
  2. Differentiate between monopoly and monopolistic competition. Show with the help of diagrams how price and output are determined under conditions of monopolistic competition.
  3. Write notes on any two: (i) Total, Average, and Marginal Revenue, (ii) Economics of Scale, (iii) Causes for Inflation, (iv) Features of Monetary Policy of India.

[8]

  1. Explain the conditions for the equilibrium of a firm under perfect competition. Discuss Total Revenue, Average Revenue, and Marginal Revenue.
  2. What do you understand by oligopoly? Compare the features of oligopoly market structure with monopoly. Give examples of both.
  3. What is the role of the WTO as a regulator of global trade? What are its major functions for ensuring free trade?

[9]

  1. Define Business Economics. Explain the nature and scope of Business Economics.
  2. Explain price elasticity of demand. What are the different methods of measuring elasticity of demand?
  3. What are the main causes of Inflation in India? Suggest measures to control it.

[10]

  1. Explain the scope of business economics.
  2. Describe the types of Income Elasticity of demand.
  3. How are price and output determined under price discrimination?

[11]

  1. Give the role of business economics in managing an organization.
  2. Elaborate the statement: 'No cost is a fixed cost in the long run.' What are different types of costs studied in business economics? Also give cost-output relationship in short run.
  3. What do you understand by break-even point? Give its importance.

[12]

  1. State and explain the law of variable proportion with the help of a suitable diagram.
  2. Define Production Possibility curve and discuss its uses.
  3. Discuss the objectives of fiscal policy.

[13]

  1. What is Business Economics? Define and explain.
  2. Explain the law of variable proportions with the help of a suitable diagram.
  3. Distinguish between perfect competitive and imperfectly competitive markets.

[14]

  1. Give the merits and demerits of deductive methods.
  2. What are the properties of PPC?
  3. Trace the relationships between GNP and NNP.

[15]

  1. Explain the basic economic problems with the help of production possibility curve (PPC).
  2. Distinguish between product approach and income approach as measurement of national income.
  3. Define inflation and distinguish between demand-pull and cost-push inflation.

[16]

  1. Explain the law of supply with the help of a suitable diagram.
  2. Differentiate between cross elasticity and income elasticity.
  3. Explain why marginal cost, average variable cost, and average cost curves are U-shaped in the short run.

[17]

  1. Explain briefly the functions of WTO.
  2. Write a brief note on full employment.
  3. Write an essay on Export-Import Policy of India.

[18]

  1. What is the difference between Micro and Macro economics?
  2. What is a dominant strategy? Explain in detail, using a suitable example.
  3. What are the features of perfect competition? How does a firm attain equilibrium in the short-run under the above mentioned market structure?

[19]

  1. Describe the types of deposits in banks.
  2. List the characteristics of balance of payments.
  3. Define government budget and explain its features.

[20]

  1. What do you mean by NNP?
  2. Explain different types of economic policies.
  3. Describe the different methods of measurement of national income.

[21]

  1. What is meant by Average production?
  2. Explain the causes of the downward slope in the demand curve.
  3. Explain the main points of Keynesian theory of income and employment.

[22]

  1. What is law of diminishing marginal utility? Explain its importance and limitations.
  2. What is elasticity of supply? Explain two methods of its measurement.
  3. What is the function of money?

[23]

  1. Explain the subject matter of economics.
  2. Differentiate between Micro Economics and Macro Economics.
  3. What is Price Elasticity of Demand? How is it measured?

[24]

  1. Explain the Law of Diminishing Marginal Utility.
  2. What do you mean by credit control? Explain the methods of credit control by Central Bank.
  3. What do you mean by Exchange Rate? Explain the main factors which determine exchange rate.

[25]

  1. What do you mean by Business Economics?
  2. Explain the characteristics and scope of Business Economics.
  3. Define Production Function and discuss its characteristics.

[26]

  1. Explain the Nature of Business Economics.
  2. Discuss the relationship of Business Economics with other subjects.
  3. Critically evaluate Fundamental Economic tools.

[27]

  1. What is income elasticity of demand?
  2. What are the central problems of distribution in an economy?
  3. What are the characteristics of oligopoly market?

[28]

  1. What is return on scale?
  2. Explain the term National Income.
  3. Write a brief note on MNCs.

[29]

  1. What are any two causes of unemployment?
  2. Explain the difference between monopoly and oligopoly market.
  3. Discuss the features of monopolistic competition.

[30]

  1. What are the various sources of foreign capital flows in India?
  2. What is elasticity? How can it be measured?
  3. Describe the price-output equilibrium under perfect competition in long run.

[31]

  1. Discuss the statement: 'Business Economics is the study of behaviour of firms in theory and practice.'
  2. What is Trade Cycle? Explain its function.
  3. What is Globalisation? Discuss the impact of globalisation on Indian Economy.

[32]

  1. Discuss the scope of Business Economics.
  2. What is perfect competition? Discuss how price is determined under perfect competition.
  3. Discuss the various methods of measuring National Income.

[33]

  1. What do you mean by market demand?
  2. What is FDI? How does it differ from FPI?
  3. What are the themes of the new fiscal policy?

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