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Important Questions for "business economics":

[1]

  1. Explain meaning and utility of organizational behaviour.
  2. Explain the meaning, significance and effect/impact of people-skill.
  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 is meant by Elasticity of Demand? How can it be measured?
  3. State and explain the law of returns to scale.

[3]

  1. Distinguish between Perfect, Monopoly, and Monopolistic Competition and explain the present situation of the market.
  2. What is National Income? How is it measured?
  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. Differentiate between monopoly and monopolistic competition. How does a firm determine output and price under monopolistic competition?

[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. What is perfect competition? State its characteristics and discuss how the price of the industry is determined under perfect competition.

[8]

  1. Explain the following concepts: Production Function, Law of Variable Proportions, Fixed Cost and Variable Cost.
  2. Explain the conditions for the equilibrium of a firm under perfect competition. Discuss Total Revenue, Average Revenue, and Marginal Revenue.
  3. Write a short note on: Outsourcing, G-20 and its role in the World Economy.

[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 do you mean by economies of scale? Explain various internal and external economies of scale.

[10]

  1. Explain the scope of business economics.
  2. What is meant by the working of Price-Mechanism?
  3. Give the difference between Rent and Quasi Rent.

[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. Why does the demand curve slope downwards from left to right?
  2. What do you understand by product differentiation?
  3. Discuss the objectives of fiscal policy.

[13]

  1. What is Business Economics? Define and explain.
  2. What is the law of supply? Explain.
  3. Distinguish between perfect competitive and imperfectly competitive markets.

[14]

  1. Give the merits and demerits of deductive methods.
  2. Define average product and marginal product.
  3. Show how in perfect competitive equilibrium the price of a commodity is equal to its average and marginal cost of production.

[15]

  1. Explain the basic economic problems with the help of production possibility curve (PPC).
  2. Define inflation and distinguish between demand-pull and cost-push inflation.
  3. Write short notes on WTO and Prisoner's dilemma.

[16]

  1. What is meant by outsourcing? State the reasons for outsourcing.
  2. Explain why marginal cost, average variable cost, and average cost curves are U-shaped in the short run.
  3. Explain the short-run equilibrium for a perfectly competitive firm where the firm earns supra-normal profit, normal profit, and loss.

[17]

  1. What do you understand by economies of scale?
  2. Write a brief note on full employment.
  3. What are the main objectives of monetary policy? What are the limitations of monetary policy in an underdeveloped economy?

[18]

  1. Explain the law of demand and its determinants.
  2. Explain the different phases of business cycle or trade cycle.
  3. Discuss Demand-pull inflation and cost-push inflation, along with their causes.

[19]

  1. Explain the difficulties of the barter system.
  2. Differentiate between direct and indirect taxes.
  3. What are the methods of credit control by the Central Bank?

[20]

  1. Write the sources of production.
  2. Write the functions of money.
  3. How does price determination occur in monopoly?

[21]

  1. What is the law of price elasticity of demand?
  2. What is cross elasticity of demand? How is it measured?
  3. Distinguish between fixed and flexible exchange rate.

[22]

  1. What is the shape of demand curve of a firm in perfect competition?
  2. Explain important functions of a central bank.
  3. What is the principle of effective demand?

[23]

  1. What is meant by Balance of Trade?
  2. How is National Income estimated by the value-added method?
  3. Define central bank and explain its functions.

[24]

  1. Explain any two functions of money.
  2. How is the central bank different from commercial bank?
  3. What is Barter system? Mention its difficulties.

[25]

  1. What do you mean by Business Economics?
  2. Explain the characteristics and scope of Business Economics.
  3. What is Law of Variable Proportion?

[26]

  1. Explain the Nature of Business Economics.
  2. Discuss the relationship of Business Economics with other subjects.
  3. Explain the Laws of Return.

[27]

  1. Explain the implications of freedom of entry and exit of firms under perfect competition.
  2. Explain the output determination under perfect competition.
  3. Explain monetary policy with its components.

[28]

  1. What is the law of demand?
  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. What are any two causes of unemployment?
  2. Explain the law of supply.
  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 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 Trade Cycle? Explain its function.
  3. Enumerate the factors which determine the National Income.

[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 characteristics of perfect competition?
  3. What are the themes of the new fiscal policy?

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