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Posted Date: 21 Jun 2007 Posted By: Jose Mathew Member Level: Diamond
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2007 Mahatma Gandhi University M.B.A Business Administration Economics for Managers Question paper
M. B.A. DEGREE EXAMINATION, APRIL/MAY 2007
First Semester
Paper VII- ECONOMICS FOR MANAGERS
Time: Three Hours Maximum: {2004 admissions onwards : 60 Marks {2003 admissions :75 Marks
Section A
Answer any five questions.
Each question carries 3/4 marks.
Write short notes on:
1 GNP and GDP. 2 Exchange rate policy. 3 Deficit financing. 4 Economic systems. 5 Elasticity of demand. 6 Monopoly. 7 Economics of scale. 8 Income and substitution effect. (5 X 3 = 15 marks) (5 X 4 = 20 marks)
Section B
Answer any five questions.
9 Explain the functions of the price mechanisms in a market economy.
Or 10. Discuss the role of the multiplier in the execution of government economic policy. 11. Bring out in detail the significance of monetary policy Or 12 In what way may a fall in investment increase the growth of consumer’s spending? 13 What is inflation? Why is it commonly regarded as a problem for macro-economic management? Or 14. When revenue from indirect taxes equals expenditure on subsidies, economic welfare is unchanged-Comment. 15. Explain the concept of production function. Describe the production function for computers, concerts and college education. Or 16 Discuss the major changes in the budget. 17 Explain the main functions of RBI. Or 18 What are the effects on the global integration of economies? (5 X 5 = 25 marks) (5 X 6 =30 marks)
Section C (Compulsory )
19 Explain in detail whether or not you regard economic growth as desireable objective of economic policy for any government. Justify your views. (1 X 20 = 20 marks) (1 X 25 = 25 marks)
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