Exam Details
| Subject | Business Economics And Accounts | |
| Paper | ||
| Exam / Course | B.Sc. FOOTWEAR DESIGN AND PRODUCTION (BSCFWP) | |
| Department | School of Engineering & Technology (SOET) | |
| Organization | indira gandhi national open university | |
| Position | ||
| Exam Date | December, 2016 | |
| City, State | new delhi, |
Question Paper
What is price elasticity of demand?
The price elasticity of demand of product X is and that of product Z is What does it signify
What-is cross elasticity of demand?
2. Define demand. What is demand function Describe the law of demand and its exceptions, with relevant examples.
3. Explain the concepts of fixed cost and variable cost. "In the long run, all costs are variable." Discuss.
4. Explain the concept of production function. State and explain the "law of variable proportion" (with the help of a diagram).
5. Answer the following questions
What is profit maximisation under a perfectly competitive market?
Under a perfectly competitive market, the demand curve faced by a single firm is infinitely elastic. Why?
6. Distinguish between perfect competition, monopoly and monopolistic competition?
7. Explain the following with examples:
Explicit Cost and Implicit Cost
Private Cost and Social Cost
8. What is inflation What are the causes of inflation What are the measures to control inflation in an economy?
9. What are the different types of accounts Explain the golden rules of accountancy.
10. From the following information, write up a Simple Petty Cash Book for the first week of Jan 2014
Date Particulars RS
2014
Jan 1 Received from chief cashier for petty cash 8,000
Jan 2 Bought postage stamps 2,000
Jan 4 Paid bus fare 1,200
Jan 5 Purchased stationery for office use 1,000
Jan 6 Paid for milk and sugar for office tea 600
Jan 7 Paid to window cleaner 800
11. Rohan Ltd. purchased a machinery on 1st May, 2009 for RS 60,000. On 1st July, 2010 it purchased another machinery for RS 20,000. On 31st March, 2011 it sold off the 1st machine purchased in 2009 for RS 39,000. Depreciation is provided at 20% on the original cost each year. Accounts are closed each year on 31st December. Show the Machinery Account from 2009 to 2011. 10
12. Following are the extracts from Trial Balance of a business:
Trial Balance as on 31st December, 2006
Particulars Dr. (Amount) Cr. (Amount)
Sundry Debtors 50,000
Bad Debt 3,000
Discount 1,000
Provision for Bad Debt 5,000
Provision for Discount 2,000
Additional Information:
1. Additional Bad Debt RS 1,000
2. Additional Discount RS 500
3. Create provision for Bad Debt 10% on Debtors
4. Create provision for Discount on Debtors
You are required to show how these items will show in the final accounts of the business.
13. Explain the different types of Ratios with examples.
14. Write short notes on any two of the following:
Fund Flow Statement
Trading and Profit and Loss Account
Going Concern Concept
The price elasticity of demand of product X is and that of product Z is What does it signify
What-is cross elasticity of demand?
2. Define demand. What is demand function Describe the law of demand and its exceptions, with relevant examples.
3. Explain the concepts of fixed cost and variable cost. "In the long run, all costs are variable." Discuss.
4. Explain the concept of production function. State and explain the "law of variable proportion" (with the help of a diagram).
5. Answer the following questions
What is profit maximisation under a perfectly competitive market?
Under a perfectly competitive market, the demand curve faced by a single firm is infinitely elastic. Why?
6. Distinguish between perfect competition, monopoly and monopolistic competition?
7. Explain the following with examples:
Explicit Cost and Implicit Cost
Private Cost and Social Cost
8. What is inflation What are the causes of inflation What are the measures to control inflation in an economy?
9. What are the different types of accounts Explain the golden rules of accountancy.
10. From the following information, write up a Simple Petty Cash Book for the first week of Jan 2014
Date Particulars RS
2014
Jan 1 Received from chief cashier for petty cash 8,000
Jan 2 Bought postage stamps 2,000
Jan 4 Paid bus fare 1,200
Jan 5 Purchased stationery for office use 1,000
Jan 6 Paid for milk and sugar for office tea 600
Jan 7 Paid to window cleaner 800
11. Rohan Ltd. purchased a machinery on 1st May, 2009 for RS 60,000. On 1st July, 2010 it purchased another machinery for RS 20,000. On 31st March, 2011 it sold off the 1st machine purchased in 2009 for RS 39,000. Depreciation is provided at 20% on the original cost each year. Accounts are closed each year on 31st December. Show the Machinery Account from 2009 to 2011. 10
12. Following are the extracts from Trial Balance of a business:
Trial Balance as on 31st December, 2006
Particulars Dr. (Amount) Cr. (Amount)
Sundry Debtors 50,000
Bad Debt 3,000
Discount 1,000
Provision for Bad Debt 5,000
Provision for Discount 2,000
Additional Information:
1. Additional Bad Debt RS 1,000
2. Additional Discount RS 500
3. Create provision for Bad Debt 10% on Debtors
4. Create provision for Discount on Debtors
You are required to show how these items will show in the final accounts of the business.
13. Explain the different types of Ratios with examples.
14. Write short notes on any two of the following:
Fund Flow Statement
Trading and Profit and Loss Account
Going Concern Concept
Other Question Papers
Departments
- Centre for Corporate Education, Training & Consultancy (CCETC)
- Centre for Corporate Education, Training & Consultancy (CCETC)
- National Centre for Disability Studies (NCDS)
- School of Agriculture (SOA)
- School of Computer and Information Sciences (SOCIS)
- School of Continuing Education (SOCE)
- School of Education (SOE)
- School of Engineering & Technology (SOET)
- School of Extension and Development Studies (SOEDS)
- School of Foreign Languages (SOFL)
- School of Gender Development Studies(SOGDS)
- School of Health Science (SOHS)
- School of Humanities (SOH)
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- School of Journalism and New Media Studies (SOJNMS)
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- School of Tourism &Hospitality Service Sectoral SOMS (SOTHSSM)
- School of Translation Studies and Training (SOTST)
- School of Vocational Education and Training (SOVET)
- Staff Training & Research in Distance Education (STRIDE)
Subjects
- Business Economics And Accounts
- Introduction To Footwear Manufacturing Technique
- Manufacturing Technique - I
- Product Knowledge And Material Foundation