B.

Com (Part-I) Examination, 2011 (10+2+3 Patterns) (Faculty of Commerce)

ECONOMIC ADMINISTRATION AND FINANCIAL MANAGEMENT First Paper: Business Economics
Time: One Hour Max. Marks: 40

OBJECTIVES PART- I
Attempt all questions.

1.

Attempt all questions. Each question carriers 2 marks. Answer to each question should not exceed 20 words. i. ii. iii. iv. v. vi. Any two differences between Business Economics and Traditional Economics. Any two exceptions to the law of Diminishing Marginal Utility. Give any two stages of Demand Forecasting. Point out any two reasons for the operation of Law of Supply. Write any two properties of ISO product curves. Does a firm in short run continue production even at loss under perfect competition? What is Liquidity Preference? Write the formula of Net National Product. What is Economics Welfare? Distinguish between Marginal Physical Productivity and Marginal Revenue Productivity.

vii. viii. ix. x.

2.

Attempt all questions. Each question carriers 4 marks. Answer to each question should not exceed 50 words. i. ii. What are the exceptions to the Law of Demand? Explain the relation between Average Cost and Marginal Cost with the help of diagram. Give any four characteristics of Monopolistic Competition. Distinguish between Money Wages and Real Wages. Write any four points of importance of Social Accounting.

iii. iv. v.

DESCRIPTIVE PART II
Time: Two Hour Max. Marks: 60 Attempt three questions in all, selecting at least one question from each section. Each question carries 20 marks. Each question has internal choice in the form of either/or. Section-A 3. What do you mean by Indifference Curve? Explain their characteristics with the help of diagrams OR Distinguish between Micro and Macro Economics. How do the micro and macro analysis help in formulating business policies? Discuss. Section-B 4. Explain with the help of diagrams the Law of Diminishing Returns. Discuss its limitations also. OR How is price under monopoly determined? What are the considerations before a monopolist while fixing the price? Discuss. Section-C 5. Briefly discuss the Ricardian Theory of Rent. How does it differ from the Modern Theory of Rent? Explain. OR Define National Income. Discuss various methods of measuring national income with suitable examples.

B. Com (Part-I) Examination, 2010

ECONOMIC ADMINISTRATION AND FINANCIAL MANAGEMENT First Paper: Business Economics
Time: One Hour Max. Marks: 40

OBJECTIVES PART- I
Attempt all questions. 1. Attempt all questions. Each question carriers 2 marks. Answer to each question should not exceed 20 words. i. ii. iii. iv. v. vi. vii. viii. ix. x. Give the definition of Business Economics. What are Giffin goods? Why indifference curves are convex to the origin? What is cross demand? Give any two reasons for the application of law of Diminishing. What is Revenue? What is monopoly? What is the wage fund? Differentiate between Gross profit and economic profit. What do you understand by Gross National Profit?

2.

Attempt all questions. Each question carriers 4 marks. Answer to each questions should not exceed 50 words. i. ii. iii. iv. v. Why does the law of diminishing marginal utility apply? Distinguish between perfectly elastic demand and perfectly inelastic demand. Discuss the determinants of supply. Explain relations between rent and price. Explain main components and national income.

DESCRIPTIVE PART II
Time: Two Hour Max. Marks: 60 Attempt three questions in all, selecting at least one question from each section. Each question carries 20 marks. Each question has internal choice in the form of either/or. Section-A 3. Explain the law of diminishing marginal utility. What is its importance? OR Explain the law of demand with illustration. Give circumstances under which it is operative. Section-B 4. Explain the producer's equilibrium with the help of ISO-product curves. OR How is price determined in the short and long period under conditions of perfect competition? Explain. Section-C 5. Critically discuss the Keynesian theory of interest. OR Define national income. Explain the relationship between national income and economic welfare.

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