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Posted By: Jyothi Member Level: Diamond Posted Date: 22 May 2008
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2006 Acharya Nagarjuna University B.Com Part II - Commerce, Paper I - BUSINESS ECONOMICS - Dec 2006 Question paper
B.Com. DEGREE EXAMINATION, DECEMBER 2006
(Examination at the end of First Year)
Part II - Commerce
Paper I - BUSINESS ECONOMICS
Time : Three hours Maximum : 100 marks
SECTION A - (4 X 5 = 20 marks)
Answer any FOUR questions.
1. Analysis of Economics.
2. Concept of Law of Supply.
3. Pricing policy in Monopoly.
4. Concept of National Income.
5. Meaning of external economics.
6. Factors determining Real Wages.
7. Balance of Payments
8. Concept of GATT.
SECTION B - (2 X 10 = 20 marks)
Answer any FOUR questions.
9. Examine the welfare definition of Economics.
10. What are the factors involved in demand forecasting?
11. Explain the properties of Indifference curve.
12. Describe the advantages of national income estimates.
SECTION C - (3 X 20 = 60 marks)
Answer any THREE questions.
13. Describe the Nature and Scope of Economics.
14. What are the determinants of demand?
15. Define elasticity of demand? How do you measure it?
16. Explain the concept of consumer surplus with the help of indifference curves.
17. Describe the differences between short period and long period costs with suitable diagram.
18. Examine the liquidity preference theory of interest.
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