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Important Questions for "business economics":

[1]

  1. Describe the impacts of globalisation on Indian human resources (manpower).
  2. Explain the following: (a) Creating culture, (b) Employees and culture.
  3. Give details of the present position of organizational changes in Indian Businesses.

[2]

  1. Define Business Economics. Explain its nature and scope.
  2. Explain in detail the main objectives and functions of the World Trade Organization.
  3. Write short notes on any two of the following: (a) Features of Oligopoly, (b) Objectives of Monetary Policy, (c) Salient features of Multinational Corporations, (d) Outsourcing.

[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. Distinguish between F.D.I and F.I.I and explain the role of 'Foreign Capital' for developing India.

[4]

  1. Explain the various economies and diseconomies available to large-scale production with suitable examples.
  2. How are price and output determined by a firm under perfect competition? Explain.
  3. What are the objectives of Fiscal Policy? Discuss the main features of the current Indian Fiscal Policy.

[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. 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.

[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. Define Price Elasticity of Demand and explain its various degrees. How can it be measured?
  3. Differentiate between monopoly and monopolistic competition. Show with the help of diagrams how price and output are determined under conditions of monopolistic competition.

[8]

  1. Distinguish between Direct and Indirect methods of Demand Forecasting, Economies of Scale and Diseconomies of Scale.
  2. What do you understand by oligopoly? Compare the features of oligopoly market structure with monopoly. Give examples of both.
  3. Explain how the National Income and Output are measured. What is the difference between Gross Domestic Product and Gross National Product?

[9]

  1. Define Business Economics. Explain the nature and scope of Business Economics.
  2. What do you mean by economies of scale? Explain various internal and external economies of scale.
  3. Write short notes on any two of the following: Monopolistic Competition, Causes of Unemployment, Fiscal Policy, Issues of Dumping.

[10]

  1. Explain the scope of business economics.
  2. Give the main characteristics of Iso-Product curve.
  3. Explain the degrees of Price Elasticity of Demand and discuss the main methods adopted to measure the elasticity of demand.

[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 are different factors of production? What do you mean by iso-quant curve?

[12]

  1. What is the law of demand?
  2. Suggest measures to eradicate unemployment in India.
  3. Support your answer with suitable diagrams.

[13]

  1. What is Business Economics? Define and explain.
  2. Explain price determination in a monopoly market with the help of a suitable diagram.
  3. Explain demand-pull and cost-push inflation.

[14]

  1. Economics is a science as well as an art. Comment.
  2. Trace the relationships between GNP and NNP.
  3. Distinguish fiscal policy and monetary policy.

[15]

  1. What is the meaning of scarcity in Robbins' definition of Economics?
  2. Discuss the difference between change in demand and shift in demand.
  3. Explain the U shape of LAC in the context of economies and diseconomies of scale.

[16]

  1. Discuss the three basic economic problems with the help of production possibility curve.
  2. Differentiate between cross elasticity and income elasticity.
  3. Define Multi-National Corporations (MNCs). What are the advantages of MNCs?

[17]

  1. What are the central problems of an economy?
  2. What is meant by Price Mechanism?
  3. What do you understand by economies of scale?

[18]

  1. Explain the three basic economic problems an economy faces.
  2. What is the difference between Micro and Macro economics?
  3. What do you mean by expansion and contraction in demand?

[19]

  1. Describe the types of deposits in banks.
  2. List the characteristics of balance of payments.
  3. Explain the types of economic activities.

[20]

  1. What do you mean by macro economics?
  2. Write the sources of production.
  3. What do you mean by NNP?

[21]

  1. Homogeneous goods are an important feature of which market?
  2. What are the causes of change in supply?
  3. What is the full form of PLR?

[22]

  1. What is the shape of demand curve of a firm in perfect competition?
  2. What is the difference between trade balance and balance of payments?
  3. What is law of diminishing marginal utility? Explain its importance and limitations.

[23]

  1. Where is the equilibrium price determined?
  2. State the qualities of good money.
  3. Define central bank and explain its functions.

[24]

  1. Explain the circular flow of income.
  2. Distinguish between national income and domestic income.
  3. Explain the law of demand and its assumptions.

[25]

  1. What do you mean by Business Economics?
  2. Explain the characteristics and scope of Business Economics.
  3. What do you mean by Equilibrium of firm?

[26]

  1. Explain the Nature of Business Economics.
  2. Discuss the relationship of Business Economics with other subjects.
  3. Explain the concept of Demand.

[27]

  1. Draw and explain the production possibility curve.
  2. Draw and explain the kinked demand curve under oligopoly.
  3. Explain monetary policy with its components.

[28]

  1. What is return on scale?
  2. How can you measure the National Income and output of a country?
  3. Discuss the difference between the different forms of market.

[29]

  1. Explain the difference between monopoly and oligopoly market.
  2. Explain the concept of elasticity of demand with its application.
  3. Discuss the features of monopolistic competition.

[30]

  1. What are the phases of business cycle?
  2. What are the main reasons of unemployment in India?
  3. What are the various sources of foreign capital flows in India?

[31]

  1. Discuss the statement: 'Business Economics is the study of behaviour of firms in theory and practice.'
  2. What is Fiscal Policy? What are its objectives? Explain its role in the economic development of developing countries.
  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 is perfect competition? Discuss how price is determined under perfect competition.

[33]

  1. What is FDI? How does it differ from FPI?
  2. What are the theories of inflation?
  3. Discuss about Exim policy in detail.

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