B Com Ist or 1 st Year :- Business Economics Previous Questions Papers (UGC Course) Updated

College exam started in next month so I decided to share previous years questions papers which definitetly useful for all college students. First I choose B Com I^st year, if you like my effort then I also cover different course papers in next hubs. In B Com I^st year 9 subject papers which are

1. Business Economics

2. Business Regulatory Framework

3. Business Communication

4. Business Mathematics

5. Financial Accounting

6. Business Environment

Foundation Course

7. Entrepreneurship Development

8. Hindi Language

9. English Language

In this hub cover all questions of Business Economics paper, hope you like this effort & Best of Luck for your examination :)

Note :- This is question papers for private (or non collegiate) students which exam through DAVV university (based on UGC course) but if you also want regular (or collegiate) students question papers then simply comment at the end of this hub or PM me, in next hub I will try cover yours course papers.

Q.1 Explain the concept, importance and limitations of Micro Economics.

OR

Discuss theoretical and practical significance of Economic Study.

Q.2 Define Elasticity of Demand and explain its degrees.

OR

What do you mean by 'Elasticity of Deman'? Discuss the Factors influencing elasticity of demand.

Q.3 Examin critically the Malthusian Theory of Population.

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What do you understand by 'Efficiency of Labour'? Discuss factors which affect the efficiency of labour.

Q.4 Define Market and discuss the factors which make the market of a commodity wide ?

OR

Discuss price determination under perfect Competition.

Q.5 (A) Differentiate between Total Interest and Net Interest.

(B) Discuss the reasons for variation in the rates of Interest.

OR

Examin critically the recardian Theory of Rent.

Q.1 Distinguish between micro and macro economics and show their interdependence.

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Distinguish between deductive and inductive methods of study of economics. Indicate their meritsand demerits

Q.2 Discuss the main methods adopted to measure the elasticity of demand.

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Define Elasticity of Demand. Discuss its importance.

Q.3 What do you mean by large scale production ? Explain its advantages and disadvantages.

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"The Law of Diminishing Returns is a logical necessity." Eplain.

Q.4 How price is determined under monopoly ?

OR

Define Markets. Discuss its types.

Q.5 Critically examine the Marginal Productivity Theory of Wages.

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Critically explain the Loanable Funds Theory of Interest.

Q.1 Define Economics. How far is the study of Economics helpful in practicle life ?

OR

Distinguish between Micro and Macro Economics and show their interdependence.

Q.2 Define the term 'Elasticity of Demand'. What is the relation between elasticity of demand and the slope of the demand curve ?

OR

Explain the degrees of 'Price Elasticity of Demand'. Discuss the main methods adopted to measures the elasticity of demand.

Q.3 " Only land and labous are essential and basis factors of production." Discuss.

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Explain the meaning of division of effeciency of labour alongwith the examples. What art the factors the factors that affects efficiency of labour ?

Q.4 Define Market and explain various types of markets.

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Explain the term Perfect Competition. How is price determined under perfect competition ?

Q.5 "Interest is the price for parting with liquidity." Discuss.

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How are wages determined ? How do trade unions influence the rate of wages ?

Q.1 Define micro economics and discuss its importance and limitations.

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"There is really no opposition between deductive and inductive methods. Both are necessary and complementary to each other."

Q.2 Give the types of Price, Elasticity of Demand and discuss the factors on which Elasticity of Demand depends.

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What factors, other than price influence the demand of a commodity ? Explain with illustration.

Q.3 Explain Optimum Theory of Population. Is it an improvement on the Malthus Theory of Population ?

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What are the factors of Production ? Explain the characterstics of each factors of production.

Q.4 What do you understand by Total Revenue, Average Revenue and Marginal Reevenue ? Discuss the importance of Revenue Analysis.

OR

How is the price determined under Perfect Competition ?

Q.5 Define Rent as clearly as you can. How Rent is determined ?

OR

"Profit is a payment of uncertainty bearing." Discuss.

Q.1 "Economic Laws are myth so study of economics is useless." Explain this statement.

OR

Define basic economic problems and give reasons for its occurence.

Q.2 What do you mean by Income Elasticity of Demand ? How many types of its ?

OR

Explain the concept of elasticity of demand and discuss its importance.

Q.3 Describe the characterstics of labour and explain the factors that affect efficiency of labour.

OR

Describe the advantages and disadvantages of large scale production. Indicate the limitations of large scale production.

Q.4 What do you mean by Market ? What are the elements which help in expansion of market ?

OR

What is Monopoly ? Illustrate clearly how monopoly prices are determined in the short and long period.

Q.5 Critically examine the liquidity theory of interest.

OR

Explain Marginal Productivity Theory of Wages. What are its main limitation ?

Note : If you have question papers of any university ( degree course, diploma course or any other ) then please PM me. May be these papers help other students.

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