Business Economics Important Questions – B.Com 1st year By,124 Study App

B.com 1st year Business Economics Syllabus

Business Economics in B.Com 1st year has following chapters in the Course Syllabus.

• unit-1 : Introduction of Economics, Nature and Scope of Business Economics
• unit-2 : Demand ,supply and market equilibrium, Theory of Consumption
• unit-3 : Theory of Production and costs
• unit-4 : Market structure and factors of production
• unit-5 : National income,trade cycles and international trade

Business Economics Important Questions – B.Com 1st year

B.Com Business Economics Important Questions in PDF –  Download Link

UNIT-1

1. Law Of Diminishing Marginal Utility ?
2. Law Of Equi Marginal Utility ?
3. Differentiate between Macro & Micro Economies ?
4. Concept Of Consumer Surplus ?
5. Nature & Scope ?

UNIT-2

1. Price Elasticity Of Demand ? Types Of Elasticity Of Demand ?
2. Differentiate State &  Explain Law Of Supply ?
3. Explain Law Of Demand & It’s Exceptions ? (or) Why Demand Curve Slopes From Left To Right ?
4. Types Of Demand ?
5. What Is Elasticity of Demand ? What are The Types of Elasticity Of Demand ?

UNIT-3

1. Short Run Cost Curve ?
2. Relationship between Average Revenue & Marginal Revenue ?
3. Law of returns to Scale ?
4. Diminishing returns to Scale ? or Variable Proportional To Scale ?
5. Scale Of Production ?

UNIT-4

1. What is Perfect Competition ?How Its Price & Output Determine Under Perfect Competition ?
2. Define Monopoly ? Its Price and Output Determination ?
3. What Is Oligopoly ? Explain Kinked Demand Curve ?
4. What is Monopolistic Competition ? How price & Output Determine under Monopolistic Competition ?
5. Difference Between Perfect Competition and Monopoly ?

UNIT-5

1. What is National Income ? Explain The Methods Of Estimating In national income ? (or) Define National Income ? What are the Difficulties in national income ?
2. Explain Concepts of L.P.G ?
3. What is Balance Of Trade ? and Balance Of Payments ?
4. What are the corrections of Dis-Equilibrium In Balance Of Payments ?
5. Comparative Cost ?
6. What is Trade Cycles ? Explain Its Fluctuation ?
7. Explain The Origin and Functions Of  W.T.O ?

Important Long Answer Questions – B.Com Economics (10 Marks)

1. Explain law of Diminishing Marginal Utility? What are its limitations?
(Mar.2011, May.2011, Mar.12, March-2013, May-13, March-2015)
2. Explain law of Equi Marginal Utility? (June-2010)
3. Explain the different forms of Price Elasticity of Demand. (May.2011)
4. Explain various methods of measurement (computation) of National Income?
(March-2011, May-2011, Mar.2012, May.2012, May-2013, March-2015)
5. Describe the Internal and External Economies ?
6. Critically examine the law of variable proportions ?
(March-2011, May-2011, May 2012, May-13, March-2015)
7. Explain the law of returns to scale? (March-2012, March-2013)
8. Explain the classifications of Markets? (March-2012)
9. What is perfect Market? Explain how Price is determined under Perfect Market ?
(March-2011, May.2012, March-2013)
10. What is Monopoly? Explain how price determination under Monopoly.
11. Explain the Keynesion theory of Employment ? (or) Effective Demand ?
(March-2011, May.2012, March-2013, May-13, March-2015)

Imp. Short Answer Questions (2-4 Marks Questions)

Introduction (2 Questions)

1. Micro Economics (Mar.2010, Jun.2010)
2. Macro Economics (Mar.2011, Jun.2011, Mar.12, May-2013)
3. Deductive Method
4. Inductive Method
5. Positive and Normative Economics
6. Free and Economic goods
7. Consumer goods
8. Capital Goods (March-2015)
9. Wealth concept
10. Value concept
11. Economic Statistics
12. Economic dynamics
13. Problems of an economy
14. Intermediary goods