GU BCom Business Economics Question Paper 2025 [Gauhati University BCom 2nd Semester NEP FYUGP]

In this post we have provided the This question paper belongs to the Multi Disciplinary Course (MDC) and carries a total of 45 marks with a duration of 2 hours.

GU BCom Business Economics Question Paper 2025 - Code: MDC0200903

2025

MULTI DISCIPLINARY COURSE

Paper Code: MDC0200903

BUSINESS ECONOMICS

Full Marks: 45, Time: 2 Hours

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

1. Choose the correct answer: (1×5 = 5)

(a) Which of the following is part of microeconomics?

(i) National income

(ii) Unemployment problems of society

(iii) Fiscal policy of the nation

(iv) Price determination of a product

(b) If the quantity demanded of a commodity is unresponsive to change in price, then the demand of that commodity is:

(i) Perfectly inelastic

(ii) Elastic

(iii) Unit elastic

(iv) Perfectly elastic

(c) In the short run, when the output of a firm increases, the average fixed cost per unit of a firm will:

(i) Increase

(ii) Remain constant

(iii) Decrease

(iv) Disappear

(d) Which of the following statements about the demand curve of a firm under monopoly is true?

(i) In a monopoly market, the demand curve of a firm exhibits a positive relationship between price and demand.

(ii) In a monopoly market, the demand curve of a firm exhibits an inverse relationship between price and demand.

(iii) In a monopoly market, the demand curve of a firm does not exhibit any relationship between price and demand.

(iv) Only at the end of the monopoly market does the demand curve show the relationship between price and demand.

(e) Which of the following is an example of a market form where firms are price-makers?

(i) Oligopoly

(ii) Monopolistic Competition

(iii) Monopoly

(iv) Perfect Competition

2. Answer any five of the following questions in short: (2×5 = 10)

(a) What is the basic difference between microeconomics and macroeconomics?

(b) What is the trend projection method for demand forecasting?

(c) What is the basic difference between ‘demand’ and ‘desire’ of a consumer?

(d) Write the basic distinction between opportunity cost and out-of-pocket cost.

(e) How is an isocost line different from an isoquant line?

(f) Write two features of a perfectly competitive market.

(g) How is an oligopoly market different from a monopsony market?

(h) How do you define money and money supply?

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

(a) What are the factors determining change in demand?

(b) Write the diseconomies of large-scale production.

(c) What is price discrimination? What are the types of price discrimination? (2+3)

(d) State how consumption and savings are related to capital formation.

(e) How is Business Economics different from Economics?

(f) How is demand forecasting significant?

4. Answer any one of the following questions: (10×1 = 10)

(a) Explain the law of demand and its limitations.

(b) Explain the cost–output relationship in the long run with a suitable diagram.

(c) How is price determined in perfect market competition? Explain.

(d) What is GNP? Analyze the process of determining GNP.

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Must Visit: Gauhati University BCom 2nd Semester All PYQs & Solution 

This Gauhati University BCom 2nd Semester Business Economics Question Paper 2025 is helpful for students preparing for examinations under the MDC Course structure. Practicing previous year question papers allows students to understand important topics, improve answer writing skills, and prepare effectively for the final examination.