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