B.Com In Banking & Insurance (BCBI) Sem I 2023 2024 Dec 2024 I BUSINESS ECONOMICS I Question Paper - Mumbai University | munotes

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 Demand is depended upon desire, willingness and ability
4. Q2 Consumer survey is used under demand forecasting
5. Q3 Income elasticity is a type of elasticity of demand
6. Q4 Supply curve represent direct relationship with price
7. Q5 Isoquant is always convex to the origin
8. Q6 Economies of scale refers to expansion of a firm
9. Q7 Collusive and non-collusive agreement is a part of oligopoly
10. Q8 Under perfect competition a firm is a price taker
11. Q9 Second degree of price discrimination is depended the highest price a consumer is willing to pay
12. Q10 Low-cost price leadership charges the highest price possible
13. Q1 (B) Match the columns. (An 7 marks
14. Q2 Single seller b. Oldest and experienced firm
15. Q5 AFC+AVC e. Returns to scale
16. Q7 TR g. Group of experts
17. Q2 A. Discuss the scope of business economics. 8 marks
    • B. Explain individual supply with the help of an appropriate diagram. 7
    • C. Examine the nature of demand curve in different market 8
    • J). What are the various factors determining elasticity of demand? 7
18. Q3 A. Examine the properties of isoquants with suitable diagram. 8 marks
    • B. What are the various external economies and diseconomies of scale? BUSINESS HRS.) (75 Marks) 7
    • C. Complete the following table: 8
    • D. Explain envelope curve with the help of a suitable diagram. 7
19. Q4 A. Enumerate the features of oligopoly market. 8 marks
    • B. Explain short run equilibrium under perfect competition with the help of suitable
    • C. Discuss ihe various features of moncpolistic market. 8
    • D. What are the various types of price leadership? 7
20. Q5 A. What are the various degrees of price discrimination? 8 marks
    • B. Explain dumping with the help of a suitable diagram. 7
    • A. Implicit and explicit cost
    • B. Fixed, -variable and total cost
    • C. Ridge lines
    • D. Disadvantages of advertisement
    • E. Transfer pricing

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