Exam Details

Subject Business Economics
Paper
Exam / Course Bachelor of Arts (Psychology)
Department Centre for Corporate Education, Training & Consultancy (CCETC)
Organization indira gandhi national open university
Position
Exam Date December, 2015
City, State new delhi,


Question Paper

1. Distinguish between a capitalist economy and a mixed economy. What are the advantages of a mixed economic system

2. Explain the concept of elasticity of demand. What are its implications? In what respects does the income elasticity differ from price elasticity

3. Bring out the important characteristics of perfect competition. How does a firm achieve equilibrium in the long run in a perfectly competitive market?

4. Explain the concept of monopolistic competition. How does a firm achieve equilibrium in monopolistic competition? Show through a diagram.

5. Explain the concepts of total revenue, average revenue and marginal revenue. Bring out the relationship among these concepts. Use appropriate diagram.

6. What is meant by business cycle? What are its phases? Mention the important factors that influence business cycle.

7. Highlight the role of financial sector in an economy. Point out the important reform measures undertaken in Indian financial market in recent years.

8. Explain any two of the following with suitable examples:

Methods of demand forecasting

Determinants of supply in an economy

Oligopoly market


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)
  • School of Interdisciplinary and Trans-Disciplinary Studies (SOITDS)
  • School of Journalism and New Media Studies (SOJNMS)
  • School of Law (SOL)
  • School of Management Studies (SOMS)
  • School of Performing Arts and Visual Arts (SOPVA)
  • School of Performing Arts and Visual Arts(SOPVA)
  • School of Sciences (SOS)
  • School of Social Sciences (SOSS)
  • School of Social Work (SOSW)
  • School of Tourism & Hospitality Service Sectoral SOMS (SOTHSM)
  • 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

  • Basic Social Anthropology
  • Business Accounting
  • Business Communication - I (Language Skills)
  • Business Communication-2 (Interpersonal Communication Skills)
  • Business Economics
  • Business Economy And Indian Retail Environment
  • Business Information Systems And Applications
  • Business Organization AndManagement
  • Category Management
  • Consumer Behaviour
  • Developmental Psychology
  • E - Retailing
  • Environmental psychology
  • Financial Management
  • Forensic psychology
  • General Psychology
  • Human Resources Management
  • Industrial and organizational Psychology
  • Introduction to counseling Psychology
  • Legal Framework Consumer Right And Corporate Governance
  • Motivation and emotion
  • Neuropsychology
  • Principles Of Marketing
  • Psychopathology
  • Research Methods In Psychology
  • Retail Behaviour (Processes And Floor Management)
  • Retail Economics And Space Productivity
  • Retail HR
  • Retail Information Technology
  • Retail Marketing And Visual Merchandise
  • Retail Operations Management
  • Sales And Customer Service
  • School psychology
  • Social psychology
  • Statistics In Psychology
  • Supply Chain Management
  • Theories of personality