Business Economics 2019 Question Paper [Gauhati University BCom Question Papers]

In this post, we have shared the Gauhati University Business Economics Question Paper 2019 (Non-CBCS) Now very helpful for FYUGP NEP BCOM 2nd Sem Students. This question paper is now highly relevant for Gauhati University FYUGP NEP GU B.Com 2nd Semester Business Economics Question Papers, as the syllabus for both patterns is quite similar. We recommend reading this question paper thoroughly for better preparation.

Gauhati University BCom 2nd Sem Question Papers

2019

BUSINESS ECONOMICS

Full Marks 80

Pass Marks 24

Time Three hours

The figures in the margin indicate full marks for the questions.

 1. Answer the following questions: (1×10=10)

(a) What is Business Economics?  

(b) What is Microeconomics?  

(c) What is a Demand Function?  

(d) What is Net National Product (NNP)?  

(e) What is an Isoquant?  

(f) What is Selling Cost?  

(g) What is Demand Forecasting?  

(h) What is Disposable Income?  

(i) What is the Marginal Cost of a Product?  

(j) What is an Interim Budget?  

 2. Answer in brief (within 30 words each): (2×5=10)

(a) Mention two characteristics of Business Economics.  

(b) What is a Production Function?  

(c) What is Quasi Rent?  

(d) Mention two serious problems in the economy of India.  

(e) Define Price Elasticity of Demand.  

3. Answer any four of the following: (5×4=20)

(a) What are the basic characteristics of Business Economics?  

(b) Discuss the various types of production function.  

(c) Discuss the main features of Monopolistic Competition.  

(d) Explain the factors affecting price elasticity of demand?  

(e) Explain the concept of cross elasticity of demand.  

(f) Find out the relationship between Marginal Cost (MC) and Average Cost (AC).  

4.(a) What is price elasticity of demand? Discuss different kinds of price elasticity of demand. (2+8=10)  

OR  

(b) What is National Income? Discuss the methods of Computing National Income of a country. Mention its difficulties at the time of Computing National Income. (2+5+3=10)  

5. (a) Explain the Laws of Returns to Scale. (10)  

OR  

(b) Discuss the Modern Approach of cost. (10)  

6.(a) What is Monopoly? Discuss the price and output determination under monopoly market. (2+8=10)  

OR  

(b) What are the characteristics of Perfect Competition? How price and output is determined under perfect competition? (4+6=10)  

7. (a) How does Modern Theory of Rent differ from the Ricardian Theory of Rent? Discuss. (10)  

OR  

(b) Critically discuss Schumpeter's Innovations Theory of profit. (7+3=10)  

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