B.Com In Banking & Insurance (BCBI) Sem I 2019 2020 Nov 2020 BUSINESS ECONOMICS Question Paper - Mumbai University | munotes

Questions asked in this paper

• li) Figures to the right indicates full marks

1. Q1 a) State whether the following statement are True or False. (any 8) 8 marks
2. Q1 Functions express relationship between more variables
3. Q2 Supply is inversely related to price
4. Q3 All inferior goods are giffen goods
5. Q4 Only small firms needs to forecast demand
6. Q5 Isoquants are concave to the ori gin
7. Q6 In perfect competition the seller is price maker
8. Q7 For price discrimination product must differ in quality
9. Q8 Externalities are always negative
10. Q9 There is need government interference in perfect competition
11. Q10 Dumping is temporary in nature
12. Q2 b) Match the following (any 7) 7 marks
13. Q3 Price effect c. Decline in Average cost
14. Q4 Marginal revenue d. Magnitude of interest
15. Q6 Law of variables proportion f. Delphi method
16. Q2 a) What are the steps involved in Demand forecasting?
    • b) Explain price elasticity of demand with the help of diagram Discuss the importance of Demand for casting
    • d) What are the factors determining elasticity of Demand?
17. Q3 a) Explain laws of returns to Scale with the help of diagram. 8 marks
    • b) Examine in detail External economies and diseconomies of scale
    • c) Explain the meaning of Isoquant and its types
    • d) Given TFC as 500 and the data, calculate TVC, MC, AVC, AFC and AC
18. Q4 a) Elucidate Long run equilibrium under monopoly with the help of diagram
    • b) Explain the concept of Kinky demand curve
    • c) Discuss role of advertisement under monopolistic competition
    • d) Explain the features of perfect competition. 7
19. Q5 a) Discuss price Leadership and its types
    • b) Discuss Dumping with the help of diagram. 7
20. Q5 Write short notes on (any 3) 15 marks
21. Q1 Law of supply
22. Q2 Ridge lines
23. Q3 Income elasticity
24. Q4 Sources of monopoly

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