Business Economics 2019 Question Paper [Gauhati University]

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Gauhati University Business Economics 2019 Question Paper [GU BCom Business Economics  2019 Question Paper ] Can be a useful resource for exam preparation. You can you this question paper to understand the question paper pattern and analyse the basics structure of questions because sometimes it has been observed that Gauhati University asked questions from previous year questions.

An Overview of GU Business Economics Question Paper

Name of the examination	Gauhati University B.Com FYUGP 2nd Sem Examination.
Course	B.Com
Subject Name	Business Economics
Subject Code	401
Full Marks	80
Year	2019
Official Website	https://www.gauhati.ac.in/

Gauhati University B.Com Business Economics Question Paper 2019

2019

BUSINESS ECONOMICS

Paper: 401

Full Marks 80

Pass Marks 24

Time Three hours

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

Answer either in English or in Assamese.

1. Answer the following questions: 1×10= 10

(a) What is Business Economics ?

(b) What is Micro Economics ?

(c) What is demand function ?

(d) What is Net National product ?

(e) What is Isoquant ?

(f) What is selling cost?

(g) What is demand forecasting ?

(h) What is disposable income ?

(i) What is marginal cost of product?

(j) What is interim budget ?

2. Answer in brief (within 30 words each): 2×5=10

(a) Mention two characteristics of Business Economics.

(b) What is production function ?

(c) What is quasi rent ?

(d) Mention two serious problems in the economy of India.

(e) Define price elasticity of demand.

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

(a) What are the basic characteristics of Business Economics?

(b) Discuss the various types of production function.

(c) Discuss the main features of Monopolistic Competition.

(d) Explain the factors affecting price elasticity of demand.

(e) Explain the concept of cross elasticity of demand.

(f) Find out the relationship between Marginal Cost (MC) and Average Cost (AC).

4. What is price elasticity of demand? Discuss different kinds of price elasticity of demand. 2+8 =10

Or

What is National Income? Discuss the methods of Computing National Income of a country. Mention its difficulties at the time of Computing National Income. 2+5+3=10

5. Explain the Laws of Returns to Scale. 10

Or

Discuss the Modern Approach of cost. 10

6. What is Monopoly? Discuss the price and output determination under monopoly market.  2+8=10

Or

What are the characteristics of Perfect Compe- tition? How price and output is determined under perfect competition ? 4+6=10

7. How does Modern Theory of Rent differ from the Ricardian Theory of Rent ? Discuss. 10

Or 

Critically discuss Schumpeter’s Innovations Theory of profit. 7+3=10

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Last Words

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