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Important Questions for "business economics":

[1]

  1. Explain the meaning and necessity of Customer's Service.
  2. Describe the impacts of globalisation on Indian human resources (manpower).
  3. Explain the following: (a) Creating culture, (b) Employees and culture.

[2]

  1. Define Business Economics. Explain its nature and scope.
  2. Explain the term 'Perfect Competition.' How is the price determined under Perfect Competition?
  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. What do you mean by the law of returns? What are the economies of large-scale production? Explain.
  2. Explain the main provisions of Export-Import Policy (2004-2009), with reference to maintaining balance of payment and balance of trade.
  3. Write short notes on any two of the following: Price elasticity of demand, Oligopoly, Groups of Twenty (G-20), Revenue costs and profit maximization.

[4]

  1. Define Price Elasticity of Demand and explain its various degrees. How can it be measured?
  2. Explain the various economies and diseconomies available to large-scale production with suitable examples.
  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. 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 are the types of demand determinants? Explain in detail.
  3. What do you mean by Perfect Competition? Explain the difference between perfect competition and pure competition.

[7]

  1. Define Business Economics. Briefly explain the nature, scope, and significance of Business Economics.
  2. What is the nature of the unemployment problem in India? State the causes of rural unemployment in India. What steps have been taken in recent years to solve it?
  3. What are the objectives of fiscal policy? Discuss the features of fiscal policy in India.

[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. What do you mean by economies of scale? Explain various internal and external economies of scale.
  3. Explain the concept of National Income. How is it measured?

[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 is the law of demand? Elaborate upon the role of various factors affecting the demand of a commodity. Also explain various elasticity of demand.

[12]

  1. Why does the demand curve slope downwards from left to right?
  2. What do you understand by positive and negative cross elasticity of demand?
  3. What are the features of the business cycle?

[13]

  1. What is Business Economics? Define and explain.
  2. Explain the different types of price elasticity of demand.
  3. Explain demand-pull and cost-push inflation.

[14]

  1. Give the merits and demerits of deductive methods.
  2. Explain the differences between perfect competition, monopolistic competition, and monopoly. Show how price is determined under monopolistic competition with a diagram.
  3. Distinguish fiscal policy and monetary policy.

[15]

  1. Discuss seasonal unemployment in the context of agriculture in India.
  2. Distinguish between product approach and income approach as measurement of national income.
  3. Discuss price elasticity of demand and its determinants.

[16]

  1. Discuss the three basic economic problems with the help of production possibility curve.
  2. Differentiate between cross elasticity and income elasticity.
  3. Discuss the various approaches for measuring national income.

[17]

  1. What are the central problems of an economy?
  2. What do you understand by Perfect Competition? How is price determined in this market?
  3. Write an essay on Export-Import Policy of India.

[18]

  1. Explain the law of demand and its determinants.
  2. What is the difference between Micro and Macro economics?
  3. Illustrate the circular flow of income in a four-sector economy.

[19]

  1. List the characteristics of a government budget.
  2. List the characteristics of balance of payments.
  3. Why is the slope of the demand curve downward?

[20]

  1. Write the sources of production.
  2. Explain the importance of Government budget.
  3. Define various methods of exchange rate determination.

[21]

  1. What is the difference between substitute goods and complementary goods?
  2. What is the relationship between CRR and Credit Multiplier?
  3. If marginal propensity to consume is 0.65 and investment increases by 90 crores, calculate the increase in total income and consumption expenditure.

[22]

  1. What are the different types of economic system?
  2. What is the shape of demand curve of a firm in perfect competition?
  3. Explain important functions of a central bank.

[23]

  1. Explain the subject matter of economics.
  2. Where is the equilibrium price determined?
  3. Define central bank and explain its functions.

[24]

  1. Discuss the law of Demand.
  2. Explain any two functions of money.
  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. Explain the features of Monopoly and discuss the causes of its emergence.

[26]

  1. Explain the Nature of Business Economics.
  2. Discuss the relationship of Business Economics with other subjects.
  3. Explain various Cost concepts and their classification.

[27]

  1. Explain the implications of large number of buyers and sellers under perfect competition.
  2. Explain the concept of elasticity of demand with its application.
  3. What are the central problems of distribution in an economy?

[28]

  1. What is return on scale?
  2. Define perfect competition and explain its features.
  3. How can you measure the National Income and output of a country?

[29]

  1. What are any two causes of unemployment?
  2. Explain the difference between monopoly and oligopoly market.
  3. What do you mean by price policy? Discuss the general and other considerations involved in formulating price policy.

[30]

  1. What are internal and external economies and diseconomies of scale?
  2. Describe the price-output equilibrium under perfect competition in long run.
  3. What are the various methods of measuring national income?

[31]

  1. Discuss the statement: 'Business Economics is the study of behaviour of firms in theory and practice.'
  2. Enumerate the factors which determine the National Income.
  3. Explain and illustrate the difference between Monopoly and Oligopoly regarding pricing and output.

[32]

  1. Discuss the scope of Business Economics.
  2. Explain the price determination under perfect competition.
  3. Explain the classifications of Market.

[33]

  1. Describe money, real and opportunity cost of production.
  2. Discuss about Exim policy in detail.
  3. What measures would you suggest for removing unemployment?

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