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Important Questions for "business economics":

[1]

  1. Explain meaning and utility of organizational behaviour.
  2. Explain the merits of Leadership.
  3. Give details of the present position of organizational changes in Indian Businesses.

[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 the main objectives and features of the Export-Import Policy.

[3]

  1. Define Law of Demand and its exceptions. How does it affect price determination?
  2. Distinguish between Perfect, Monopoly, and Monopolistic Competition and explain the present situation of the market.
  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. Write short notes on any two of the following: (i) Salient features of oligopoly, (ii) Failures of Monetary Policy, (iii) Reasons for Outsourcing, (iv) Issues of dumping.

[5]

  1. What is Business Economics? How does it help in managerial decision-making?
  2. What is perfect competition? Explain its features. Does this situation exist in the modern business environment?
  3. Write short notes on any two of the following: Various phases of Trade cycle, Export-Import policy 2004-2009, Groups of 20 (G-20), Oligopoly.

[6]

  1. What do you mean by Business Economics? Explain the various principles of business economics.
  2. What do you understand by Deflation? Explain the causes of deflation.
  3. What do you mean by Monetary Policy? Elaborate the main provisions of monetary policy.

[7]

  1. Define Business Economics. Briefly explain the nature, scope, and significance of Business Economics.
  2. What is perfect competition? State its characteristics and discuss how the price of the industry is determined under perfect competition.
  3. Bring out the salient features of oligopoly. How are price and output determined under oligopolistic competition?

[8]

  1. Write a short note on: Demand Function, Elasticity of Demand, Consumer's Surplus.
  2. Explain how the National Income and Output are measured. What is the difference between Gross Domestic Product and Gross National Product?
  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. Critically examine the monetary policy of Reserve Bank of India.
  3. Explain the objectives and functions of World Trade Organisation (WTO).

[10]

  1. Explain the scope of business economics.
  2. Give the meaning of monopoly and its features.
  3. What is low-cost price leadership model?

[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 mean by Principle of time perspective? Elaborate upon its importance in business decisions. Also define Inflation and National Income.

[12]

  1. What is the law of demand?
  2. Discuss the laws of returns to scale with the help of suitable diagrams.
  3. Diagrammatically explain the short-run equilibrium of a firm operating in a perfectly competitive market.

[13]

  1. What is Business Economics? Define and explain.
  2. Write a short note on unemployment.
  3. What are the three approaches to measure national income? Discuss.

[14]

  1. What are the properties of PPC?
  2. What is return to scale? Discuss its various types.
  3. Show how in perfect competitive equilibrium the price of a commodity is equal to its average and marginal cost of production.

[15]

  1. Write the characteristic features of a perfectly competitive market.
  2. What do you understand by outsourcing?
  3. Write short notes on WTO and Prisoner's dilemma.

[16]

  1. Discuss the three basic economic problems with the help of production possibility curve.
  2. Explain why marginal cost, average variable cost, and average cost curves are U-shaped in the short run.
  3. Explain demand-pull and cost-push inflation with the help of a suitable diagram.

[17]

  1. What is meant by Price Mechanism?
  2. Explain the types of income elasticity of demand.
  3. Explain the concept of globalization along with its advantages and disadvantages.

[18]

  1. What do you mean by expansion and contraction in demand?
  2. Explain the determinants of price elasticity of demand and its types.
  3. Illustrate the circular flow of income in a four-sector economy.

[19]

  1. Explain the difficulties of the barter system.
  2. What is the law of supply? Explain with examples.
  3. Describe the functions of commercial banks.

[20]

  1. Write the functions of money.
  2. What do you mean by NNP?
  3. How does price determination occur in monopoly?

[21]

  1. Which term is used for Income Demand curve?
  2. Explain different types of market.
  3. What is the basis of derived deposits?

[22]

  1. What is elasticity of demand?
  2. What is elasticity of supply? Explain two methods of its measurement.
  3. What is the principle of effective demand?

[23]

  1. Explain the subject matter of economics.
  2. What is meant by Balance of Trade?
  3. Distinguish between Market Economy and Planned Economy.

[24]

  1. Explain the circular flow of income.
  2. Explain any two functions of money.
  3. What do you understand by National Income? Explain any two methods of calculating National Income.

[25]

  1. What do you mean by Business Economics?
  2. Explain the characteristics and scope of Business Economics.
  3. How is price determined under monopoly in the short period?

[26]

  1. Explain the Nature of Business Economics.
  2. Discuss the relationship of Business Economics with other subjects.
  3. What do you mean by Need?

[27]

  1. Explain the implications of freedom of entry and exit of firms under perfect competition.
  2. What are the characteristics of oligopoly market?
  3. Explain monetary policy with its components.

[28]

  1. What is the law of demand?
  2. Explain the term National Income.
  3. Distinguish between price elasticity and income elasticity of demand.

[29]

  1. Discuss the features of monopolistic competition.
  2. What do you mean by price policy? Discuss the general and other considerations involved in formulating price policy.
  3. Discuss the law of demand. Explain in detail the various types of elasticity of demand.

[30]

  1. What are the phases of business cycle?
  2. What is elasticity? How can it be measured?
  3. What are the major advantages and disadvantages of globalization?

[31]

  1. Discuss the statement: 'Business Economics is the study of behaviour of firms in theory and practice.'
  2. What is Perfect Competition? Explain price determination under perfectly competitive equilibrium.
  3. What is Globalisation? Discuss the impact of globalisation on Indian Economy.

[32]

  1. Discuss the scope of Business Economics.
  2. What are the various types of Internal Economics available to a firm?
  3. What are the various sources of Foreign capital flows in India?

[33]

  1. What is FDI? How does it differ from FPI?
  2. Give the essential requirements of TRIPS.
  3. What are the characteristics of perfect competition?

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