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Important Questions for "business economics":

[1]

  1. Explain the merits of Leadership.
  2. Explain concept of culture and also point out its impacts.
  3. Explain the perception, judgement and emotion. How do these affect individuals and organizations?

[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 monetary policy and fiscal policy and explain the effect of inflation and unemployment on the national income of a country.
  3. What is Dumping? Describe its main issues.

[4]

  1. What are the main causes of inflation in India? Suggest measures to control it.
  2. Explain the concept, features, and role of Multinational Corporations in India.
  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. How has demonetization affected the fiscal and monetary policy of the Indian Government since the last year? Discuss.
  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. Explain the latest Export and import policy of Government of India.
  3. Write notes on any two: Elasticity of Demand, Price mechanism, Dumping, Fiscal 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. 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 the following concepts: Production Function, Law of Variable Proportions, Fixed Cost and Variable Cost.
  3. Explain the conditions for the equilibrium of a firm under perfect competition. Discuss Total Revenue, Average Revenue, and Marginal Revenue.

[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. 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. What is Price Process? Write fundamental features of process or price mechanism.
  3. Critically examine the marginal productivity theory of distribution.

[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. What is the difference between micro and macro economics?
  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. Explain the three basic economic problems with the help of the Production Possibility Curve (PPC).
  3. Distinguish between perfect competitive and imperfectly competitive markets.

[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. Trace the relationships between GNP and NNP.

[15]

  1. Discuss the difference between change in demand and shift in demand.
  2. Discuss price elasticity of demand and its determinants.
  3. Explain the law of variable proportion with the help of a suitable diagram.

[16]

  1. Explain the law of supply with the help of a suitable diagram.
  2. Explain the determinants of price elasticity and types of price elasticity of demand.
  3. Explain economies and diseconomies of scale.

[17]

  1. Differentiate between change in demand and shift in demand.
  2. Explain the role of the group of twenty (G-20).
  3. Explain the types of income elasticity of demand.

[18]

  1. What is the difference between Micro and Macro economics?
  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. What is the law of supply? Explain with examples.
  2. Describe the types of deposits in banks.
  3. Discuss the functions of money.

[20]

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

[21]

  1. When is Average Cost at its minimum?
  2. What are zero elasticity and infinite elasticity?
  3. In an open economy, Consumption + Investment + Export - Import equals what?

[22]

  1. What are the different types of economic system?
  2. What do you mean by Giffen goods?
  3. What is the principle of effective demand?

[23]

  1. Define supply. Mention the causes which determine the supply of a commodity.
  2. How is National Income estimated by the value-added method?
  3. Define central bank and explain its functions.

[24]

  1. How is the central bank different from commercial bank?
  2. What is Barter system? Mention its difficulties.
  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 'Increasing return to scale' and 'Constant return to scale' with examples.

[26]

  1. Explain the Nature of Business Economics.
  2. Discuss the relationship of Business Economics with other subjects.
  3. What are the Laws of return to scale?

[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. Write an essay on TRIPS.

[28]

  1. Explain the term National Income.
  2. How can you measure the National Income and output of a country?
  3. Define monetary policy and explain its various components.

[29]

  1. Explain the law of supply.
  2. Explain the difference between monopoly and oligopoly market.
  3. Discuss the features of monopolistic competition.

[30]

  1. What are the main causes of inflation?
  2. What are the main reasons of unemployment in India?
  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. What is Globalisation? Discuss the impact of globalisation on Indian Economy.
  3. Enumerate the factors which determine the National Income.

[32]

  1. Discuss the scope of Business Economics.
  2. What do you understand by elasticity of demand?
  3. Discuss the various methods of measuring National Income.

[33]

  1. What do you mean by market demand?
  2. What are the themes of the new fiscal policy?
  3. Discuss about Exim policy in detail.

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