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    Candidates Are Required To Give Their Answers in Their Own Words As Far As Practicable. The Figures in The Margin Indicate Full Marks

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    Suniel Chhetri
    This document provides information for a Business Economics exam, including: - The exam is 3 hours long and worth a total of 100 points. The pass mark is 35 points. - The exam contains three sections: brief multiple choice questions (Group A) worth 20 points total, descriptive answer questions (Group B) worth 50 points total, and analytical answer questions (Group C) worth 30 points total where students must answer any two questions. - Sample questions are provided covering topics like the definition of business economics and microeconomics, demand and supply curves, price elasticity, indifference curves, and market equilibrium.

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    Candidates Are Required To Give Their Answers in Their Own Words As Far As Practicable. The Figures in The Margin Indicate Full Marks

    Uploaded by

    Suniel Chhetri
    14 views1 page
    This document provides information for a Business Economics exam, including: - The exam is 3 hours long and worth a total of 100 points. The pass mark is 35 points. - The exam contains three sections: brief multiple choice questions (Group A) worth 20 points total, descriptive answer questions (Group B) worth 50 points total, and analytical answer questions (Group C) worth 30 points total where students must answer any two questions. - Sample questions are provided covering topics like the definition of business economics and microeconomics, demand and supply curves, price elasticity, indifference curves, and market equilibrium.

    Original Description:

    BBS Eco

    Original Title

    BBS I Eco

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    This document provides information for a Business Economics exam, including: - The exam is 3 hours long and worth a total of 100 points. The pass mark is 35 points. - The exam contains three sections: brief multiple choice questions (Group A) worth 20 points total, descriptive answer questions (Group B) worth 50 points total, and analytical answer questions (Group C) worth 30 points total where students must answer any two questions. - Sample questions are provided covering topics like the definition of business economics and microeconomics, demand and supply curves, price elasticity, indifference curves, and market equilibrium.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    14 views1 page

    Candidates Are Required To Give Their Answers in Their Own Words As Far As Practicable. The Figures in The Margin Indicate Full Marks

    Uploaded by

    Suniel Chhetri
    This document provides information for a Business Economics exam, including: - The exam is 3 hours long and worth a total of 100 points. The pass mark is 35 points. - The exam contains three sections: brief multiple choice questions (Group A) worth 20 points total, descriptive answer questions (Group B) worth 50 points total, and analytical answer questions (Group C) worth 30 points total where students must answer any two questions. - Sample questions are provided covering topics like the definition of business economics and microeconomics, demand and supply curves, price elasticity, indifference curves, and market equilibrium.

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    © All Rights Reserved
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    Time: 3 hrs

    Full marks: 100


    Pass marks: 35
    Business Economics-I
    BBS- First Year
    Candidates are required to give their answers in their own words as far as
    practicable. The figures in the margin indicate full marks.
    ______________________________________________________________________________________________________________

    Group 'A'
    Brief Questions Answer [2 x 10 = 20]
    1. What is business economics?
    2. Define Micro Economics.
    3. Why microeconomics is called price theory?
    4. What is the difference between movement along a demand curve and shift in
    demand curve?
    5. What is demand function?
    6. Why does a normal demand slopes downward from left to right?
    7. What is market equilibrium?
    8. Why is arc elasticity called average elasticity?
    9.

    As a result of 5% fall in price of food its quantity demanded increases by 12%.


    Find out price elasticity of demand say whether demand is elastic or inelastic.
    10. Why indifference curve is convex to the origin?
    Group 'B'
    Descriptive Answer Questions [5 x 10 = 50]
    11. Explain the features of managerial economics.
    (10)
    12. Explain the uses of microeconomics in making business decision. (10)
    13. What are the determinants of demand? Explain
    (10)
    14. The following table shows the demand and supply schedules for onion in the
    month of July.
    10
    Quantity demanded (in
    Quantity supplied
    quintal)
    Price (in Rs.)
    (in quintal)
    3
    180
    60
    4
    140
    80
    5
    100
    100
    6
    60
    120
    7
    20
    140
    a) At what price there is a surplus of 60 units and what does this indicate?
    b) At what price there is a shortage of 60 units and what does this indicate?
    c) What is the equilibrium price and quantity and why?
    15. A market consists of two individual consumers with their demand functions.
    Q1 = 20 5p and Q2 = 25 4P
    Calculate price elasticity of demand for each consumer and for the market at
    price level Rs, 2.
    (10)

    16. Explain the properties of indifference curve.


    Group 'C'
    Analytical Answer Questions (attempt any two) [2 x 15 = 30]
    17 . Define microeconomics. Explain the types of microeconomics. (3 + 12)
    18. What is market equilibrium? Show the change in equilibrium due to change in
    demand and supply curves.
    (3 + 12)
    19. What is price elasticity of demand? Explain and illustrate the
    measurement of
    price elasticity of demand with total outlay method.
    (3 + 12)

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