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    250 Question Paper

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    Pacific Tiger
    This document appears to be an exam for a Business Economics course, consisting of two sections with multiple choice and written response questions. Section A covers topics like price elasticity, cost curves, and perfect competition. Section B covers monetary policy, GDP, the circular flow of income, and inflation. The exam tests students' understanding of fundamental economic concepts and theories. It requires calculations and explanations of key terms and relationships between economic variables.

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    250 Question Paper

    Uploaded by

    Pacific Tiger
    31 views2 pages
    This document appears to be an exam for a Business Economics course, consisting of two sections with multiple choice and written response questions. Section A covers topics like price elasticity, cost curves, and perfect competition. Section B covers monetary policy, GDP, the circular flow of income, and inflation. The exam tests students' understanding of fundamental economic concepts and theories. It requires calculations and explanations of key terms and relationships between economic variables.

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    06200105_250_Question_Paper

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    This document appears to be an exam for a Business Economics course, consisting of two sections with multiple choice and written response questions. Section A covers topics like price elasticity, cost curves, and perfect competition. Section B covers monetary policy, GDP, the circular flow of income, and inflation. The exam tests students' understanding of fundamental economic concepts and theories. It requires calculations and explanations of key terms and relationships between economic variables.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    31 views2 pages

    250 Question Paper

    Uploaded by

    Pacific Tiger
    This document appears to be an exam for a Business Economics course, consisting of two sections with multiple choice and written response questions. Section A covers topics like price elasticity, cost curves, and perfect competition. Section B covers monetary policy, GDP, the circular flow of income, and inflation. The exam tests students' understanding of fundamental economic concepts and theories. It requires calculations and explanations of key terms and relationships between economic variables.

    Copyright:

    © All Rights Reserved
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    of 2

    Seat No:______________ Enrolment No:______________

    PARUL UNIVERSITY
    FACULTY OF MANAGEMENT
    MBA Supplementary - Summer 2017 Examination
    Semester: 1 Date: 14/06/2017
    Subject Code: 06200105 Time: 02:00pm to 05:00pm
    Subject Name: Business Economics & Environment Total Marks: 60

    Instructions
    1. Attempt all questions from each section.
    2. Figures to the right indicate full marks.
    3. Make suitable assumptions wherever necessary.
    4. Write section-A, section-B on separate answer sheets.
    Section -A

    Q.1 (a) MCQ (3)


    1. Which of the following curves can attain a negative value
    a) Average Total cost
    b) Marginal revenue
    c) Average Revenue
    d) Average Variable cost
    2. Which of the following is not true for the marginal revenue curve of a monopoly?
    a) It always lies below the average revenue curve.
    b) It can have a negative value.
    c) It never touches the axis.
    d) It is downward sloping.
    3. Which of the following goods is likely to be the most price inelastic?
    a) Petrol
    b) Wheat
    c) Common Salt
    d) Television

    Q.1 (b) 1. What are Giffen Goods? (3)


    2. What is a derived demand? Give one example.
    3. What do you mean by cartel?
    Q2. When the price of a commodity X was Rs 10 per unit, the demand was 3000 units. With a (8)
    fall in price to Rs 9 per unit, the demand increased to 3150 units. Calculate the price
    elasticity of demand for X. If “Y” is a related commodity whose demand is 2000 units when
    the price of “X” is 10, the demand of “Y” is 1900 when the price of “X” is reduced to 9.
    Find out the cross elasticity between “X” and “Y” and state whether they are substitutes or
    complements?
    Q.3 (a) State the law of demand and explain its determinants. (4)
    Q.3 (b) Enumerate the characteristics of a perfect competition. (3)
    OR
    Q.3 (a) Explain the various degrees of price discrimination practised by monopoly. Give examples. (4)
    Q.3 (b) What is economy of scale? Explain at least three internal economies enjoyed by a firm. (3)
    Q4. From your knowledge of the various costs, complete the following table. (9)

    QTY TC FC VC AFC AVC ATC MC


    0 200
    1 300
    2 180
    3 147
    4 40
    5 320
    6 96
    7 66
    8 560
    9 76 124
    10
    Section -B

    Q.1 (a) MCQ (3)


    1. If the RBI prints more notes, the inflation is likely to
    a) Increase
    b) Decrease
    c) Remain the same
    d) Inflation has no relation with printing of notes.
    2. Which of the following is an economic policy?
    a) Fiscal Policy
    b) Industrial Policy
    c) Monetary Policy
    d) All the above.
    3. Ford India Ltd is an American company operating in India. The profits earned by
    Ford in India will be included in
    a) GDP of India
    b) GNP of India
    c) GDP of USA
    d) All of the above.

    Q.1 (b) 1. What is high power money? (3)


    2. What are the various components of GDP?
    3. What is fiat money?

    Q2. Draw the circular flow of income diagram of a two sector economy and explain why income (8)
    is equal to expenditure.

    Q.3 (a) Explain the various functions of Money. (4)


    Q.3 (b) What is inflation? Explain the demand pull inflation due to monetary factors. (3)
    OR
    Q.3 (a) Write a note on the Internal Environment of Business. (4)
    Q.3 (b) Draw the short term Philips Curve and explain the relationship between Inflation and (3)
    Unemployment.

    Q4. What is multiple credit creation by commercial banks? Take Rs 100000/- as initial deposit (9)
    and 20% as the CRR and explain how commercial banks create multiple credit?

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