2019 Business Economics

Mahatma Gandhi Kashi Vidyapeeth
BCA(3rd semester)
BUSINESS ECONOMICS
2019

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- Discuss the meaning and scope of business economics.


Q2- State the working of price mechanism in mixed economy.


Q3- Discuss the law of diminishing returns. Where is this law applicable?


Q4- What do you mean by perfect competition. Explain the conditions necessary for the existence of perfect competition.


Q5- State the condition of the equilibrium of firm and industry.


Q6- What is inflation? What are the causes of inflation?


Q7- Explain Fiscal Policy. How it is different from monetary policy.


Q8- What do you mean by World Trade Organization (WTO)? Explain in brief its functions?


Q9- What do you understand by dumping? What steps a government can tape against dumping?


Q10- Write short notes on any two of the followings: 7.5*2=15



(a) Profit maximization
(b) Definition of law of demand
(c) Trade Cycle
(d) Multi National Corporations (MNCs)

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