BBA 107 - Business Economics - Sample Question Paper - June 2022 #ipumusings #bbanotes
BBA 107 - Business Economics - Sample Question Paper - June 2022
Time: 1.5 Hours MM: 70
Note:- The question paper is divided into two Sections A and B. Write answers as per the given instructions.
Section-A
(Very Short Answer Type Questions)
4×3½ = 14
Note:- Answer any four questions. As per the nature of the question delimit your answer in one word, one sentence or a maximum of up to 30 words. Each question carries 3½ marks.
1. (i) Define Marginal Utility.
(ii) Give the formula of the Consumer's Surplus.
(iii) Define Cross Demand.
(iv) What is Supply?
(v) Define Production Function.
(vi) Define Monopoly.
(vii) What is Rent?
(viii) What is Gross National Product?
Section-B
4×14=56
(Short Answer Type Questions)
Note:- Answer any four questions. Each answer should not exceed 200 words. Each question carries 14 marks.
2. Define Business Economics. Describe its importance and limitations.
3. What is the law of demand? Describe factors affecting demand.
4. Explain the main characteristics of indifference curves.
5. Define the concept of Cost. Explain the importance of fixed and variable costs in price determination.
6. What do you mean by perfect Competition? How prices and output are determined under it?
7. Explain the Modern Theory of Rent.
8. What is National Income? How is it measured? Describe its significance.
9. What is the theory of Interest? Explain the traditional theory of interest with the help of a diagram.
👉SEE ALSO:
