Scribd Logo
Upload

Welcome to Scribd!

  • 92 views

    FYBCOM - Economics Question Bank

    Uploaded by

    Muneer Ansari
    Question bank sem 1 Fy bcom

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    FYBCOM - Economics Question Bank

    Uploaded by

    Muneer Ansari
    92 views2 pages
    Question bank sem 1 Fy bcom

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Question bank sem 1 Fy bcom

    Copyright:

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

    FYBCOM - Economics Question Bank

    Uploaded by

    Muneer Ansari
    Question bank sem 1 Fy bcom

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    You are on page 1of 2

    Economics for Professional Careers - I (Question Bank)

    Unit 1
    1. What is Business Economics? Explain the scope of Business economics.
    2. Elaborate on the problem faced by an economy in detail.
    3. Define : Demand, with the help of demand schedule and demand curve.
    4. Explain the importance of Business Economics
    5. List down the various determinants of demand.
    6. Discuss the working of the price mechanism in detail.
    7. Using diagrams explain the factors that lead to an increase in demand.
    8. Distinguish between (a) Contraction and Expansion of Demand. (b) Increase and
    Decrease in Demand.
    9. From the Equation : QD = 1000 - 2P, work out the quantity demanded for prices Rs, 5,
    10, 20 and 25.
    10. What are the functions of the price mechanism?
    11. Explain the problems of economic efficiency, full employment. Economic growth and the
    environment.

    Unit 2
    1. Explain the behaviour of Total utility and Marginal utility with schedule and diagram.
    2. Discuss about the Indifference curve and its various properties in detail.
    3. With the help of a suitable schedule and diagram, explain the law of supply?
    4. Explain the law of Equi-marginal utility.
    5. Discuss in detail about Consumer’s Equilibrium.
    6. What are the different degrees of elasticity of supply?
    7. Explain the two versions of the substitution effect.
    8. Derive demand curve with the help of utility analysis.
    9. Tangency between indifference curve and price line is a necessary condition but not a
    sufficient condition for consumer’s equilibrium. Discuss
    10. What is supply? What are its determinants?
    11. Differentiate between changes along the supply curve and shifts in the supply curve.
    Short Notes
    1. Relationship between economic concepts and business economics
    2. Increase and decrease in demand
    3. Indifference Map
    4. Determinants of supply
    5. Strong and Weak Ordering
    6. Expansion and Contraction in demand
    7. Working of Price mechanism
    8. Market Demand
    9. Cardinal and Ordinal Approach
    10. Exceptions to the law of supply
    11. Giffen’s Paradox
    12. Limitations of Indifference curve analysis
    13. Demand Function

    You might also like