2017 Business Economics

Mahatma Gandhi Kashi Vidyapeeth
BCA(3rd semester)
BUSINESS ECONOMICS
2017

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 Price Elasticity of Demand and explain its various degrees. How can it measured?


Q2- Explain with suitable examples the various economies and dis economies available to large scale production. 


Q3- How are Price and output determined by a firm under perfect competition? Explain.


Q4- Differentiate between monopoly and monopolistic competition. How does the firm determine output and price under monopolistic competition?


Q5- What are the main causes of Inflation in India? Suggest the measures to control it.



Q6- What do you mean by Trade Cycle?
Explain its characteristics and phases.


Q7- What are the objectives of Fiscal Policy?. Discuss the main features of current Indian Fiscal Policy.


Q8- Explain the concept, features and role of Multinational Corporations in India. 


Q9- Explain the objectives and functions of World Trade Organization (WTO).


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


(i) Salient features of oligopoly.
(ii) Failures of Monetary Policy.
(iii) Reasons for Outsourcing.
(iv) Issues of dumping.

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