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BCom In Accounting & Finance (BCAF) SEM I 2022 2023 Dec 2023 BUSINESS ECONOMICS Question Paper - Mumbai University | munotes

F.Y. ACC. FIN. SEM I BUSINESS ECONOMICS (3 DEC.22).pdf
SEM I · 2022-2023 · 439 KB · 26 Jan 2026

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Older exam Dec 2023 - BUSINESS ENVIRONMENT Semester-end · 2022 2023
Newer exam None yet: this is the latest New papers land after each exam season.

Questions asked in this paper

  1. Q2 All questions carry equal marks
  2. Q1 (A) State whether the following statements are True or False. (Any 8) 8 marks
  3. Q1 Economics is the science of choices
  4. Q2 The supply curve slopes upward
  5. Q3 The sample survey method undertakes a survey of all consumers
  6. Q4 Isoquant can intersect each other
  7. Q5 Average cost curve increases due to increasing returns to scale
  8. Q6 At the break-even point, TR is equal to TC
  9. Q7 In dumping a monopolist is a price taker in the world market
  10. Q8 Price is very flexible in an oligopoly market
  11. Q9 Full-cost pricing has no limitations
  12. Q10 Pricing of a product should cover the cost alone Match the columns (Any 7 07 marks
  13. Q2 Perfectly inelastic demand b. a large number of buyers and sellers
  14. Q7 Perfect competition g. cannot touch either axis
  15. Q8 Oligopoly h. ignorance
  16. Q2 Discuss the following in brief. 15 marks
    • A. Discuss the scope of business economics
    • B. Explain the nature of the demand curve in different markets
    • C. Explain the law of demand and its assumptions
    • D. Discuss the market equilibrium with the help of a suitable diagram
  17. Q3 Answer the following in brief. 15 marks
    • A. Explain the changes in supply with the help of a suitable diagram
    • B. Discuss the steps in demand forecasting
    • C. Discuss the degree of price elasticity of demand with the help of suitable diagrams
    • D. Explain the law of variable proportion
  18. Q4 Explain the following in brief. 15 marks
    • A. Explain the meaning and characteristics of oligopoly
    • B. Explain the degrees of price discrimination
    • C. Explain the role of advertisement in monopolistic competition
    • D. Discuss marginal cost pricing with the help of a suitable diagram
  19. Q5 Write short notes. (Any 3) 15 marks
  20. Q1 Survey method
  21. Q3 External economies of scale
  22. Q4 Features of monopolistic competition
  23. Q5 Conditions of price discrimination

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