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Pandit Ravishankar Shukla University
B. Com (Part III ) EXAMINATION, 2009
Business Economics
First Year Question Paper
Time : Three Hours] [Maximum Marks : 50
Note : Attempt one full question from each Unit. All questions carry equal marks.
UNIT - 1
Q.1 What are the central problems of an economic system ? Explain it.
OR
What do you mean by elasticity of demand ? Describe the factors effective it.
UNIT - 2
Q.2 What do you inderstand by 'Retirns to Scale' ? Explain the different types of returns to scale.
OR
Why are the modern industries organised on a large scale ? Indicate the limitations of large scale production.
UNIT - 3
Q.3 Explain the meaning and rational of perfect Competition.
OR
How are price and output determined by a monopolist ? Describe.
UNIT - 4
Q.4 How is price determined in monopolistic competition ?
OR
Distingish between nominal and real wages and discuss the factors which affect real wages of a labourer.
UNIT - 5
Q.5 Critically examine the Ricardian theory of rent.
OR
Examine critically the liquidity preference theory of Interest. Will the rate of intrest ever fall to zero ?
Pandit Ravishankar Shukla University
B. Com (Part III ) EXAMINATION, 2009
Business Economics
First Year Question Paper
Time : Three Hours] [Maximum Marks : 50
Note : Attempt one full question from each Unit. All questions carry equal marks.
UNIT - 1
Q.1 What are the central problems of an economic system ? Explain it.
OR
What do you mean by elasticity of demand ? Describe the factors effective it.
UNIT - 2
Q.2 What do you inderstand by 'Retirns to Scale' ? Explain the different types of returns to scale.
OR
Why are the modern industries organised on a large scale ? Indicate the limitations of large scale production.
UNIT - 3
Q.3 Explain the meaning and rational of perfect Competition.
OR
How are price and output determined by a monopolist ? Describe.
UNIT - 4
Q.4 How is price determined in monopolistic competition ?
OR
Distingish between nominal and real wages and discuss the factors which affect real wages of a labourer.
UNIT - 5
Q.5 Critically examine the Ricardian theory of rent.
OR
Examine critically the liquidity preference theory of Interest. Will the rate of intrest ever fall to zero ?
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