2016 Business Economics

Mahatma Gandhi Kashi Vidyapeeth

BCA(3rd semester)
BUSINESS ECONOMICS
2016

MM:75                                              Timing:3hrs

Attempt any five questions                       Each ques carry 15 marks.
Note : The answers to short questions                        should not exceed 200 words and the              answers to long questions should                    not exceed 500 words.


Q1- Define Law of Demand and its exceptions. How it affects the price determination?


Q2- What do you mean by law of returns? What are the economies of large scale productions? Explain.


Q3- Distinguish between Perfect, Monopoly and Monopolistic Competition and Explain the present situation of Market.


Q4- What are the determinants of equilibrium of a Firm and Price? Describe.


Q5- Distinguish between monetary policy and fiscal policy and explain the effect of Inflation and unemployment on the National Income of a Country.


Q6- What is National Income? How is it measured?


Q7- Distinguish between F.D.I and F.I.I and explain the role of "Foreign Capital" for developing India.


Q8- Explain the main provisions of Export-Import Policy (2004-2009), With reference to maintaining Balance of Payment and Balance of Trade.


Q9- What is Dumping? Describe its main issues.


Q10 - Write short notes on any two of the following : 7.5×2=15


(i) Price elasticity of demand
(ii) Oligopoly
(iii) Groups of Twenty (G-20)
(iv) Revenue Costs and Profit Maximasation

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