M.Com. (Semester II) (CBCS) Examination Nov/Dec-2018
MANAGERIAL ECONOMICS II
Time: 2½ Hours Max. Marks: 70
Instructions: All questions are compulsory.
Figures to the right indicate full marks.
Draw diagrams if necessary.
Q.1 Choose the correct alternatives: 14
theory of trade cycle is associated with Joseph Schumpeter.
Uncertainty Monetary
Innovation None of these
TC TVC
AC TFC
MC None of these
Utility Maximization model is consists following stage
Staff expenditure Management slack
Discretionary profit All the above
How can we calculate the profit level?
TR TC TR TC
AR AC AR AC
Black money is cause of
Cost Push Inflation Demand Pull Inflation
Both A and B None of the above
Open market operation is an important weapon used by Central Bank to
control trade cycle is policy.
Monetary Fiscal
Trade None of these
According to economist, "Two much money chasing too few goods is
called
Inflation Deflation
Stagflation Hyperinflation
Use of inventions in the process of production is called
Modernization Expansion
Labour intensive production Innovation
Which curve is U shaped from the following?
AFC Demand Curve
TFC None of these
10) The variations in the price level in India are usually measured in terms of

General Price Index Wholesale Price Index
Retail Price Index Consumers Price Index
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SLR-CZ-7
11) In the period of inflation the central bank increases the
Tax Public debt
Bank Rate None of these
12) Business cycles consist major stages.
five seven
six four
13) The Kondratieff cycles spanning over years.
30 to 40 12 to 24
50 to 60 None of these
14) The business cycles generally arises in economy.
Mixed Socialist
Capitalist None of these
Q.2 Write short note any two of the following: 14
Demand pull inflation
Utility Maximization
Perfect Competition
Q.3 Write short answer any two of the following: 14
Explain graphically FC, VC and TC.
State the concept innovation.
Find the profit level and output level from the following equation:
R 90 8x
TC 10x 20x2
Where, R Revenue TC Total Cost x Output
Q.4 Answer any one of the following questions: 14
Explain Baumol's sales maximization model.
Explain important stages of business cycle. Explain Schumpeter's
innovation theory.
Q.5 Answer any one of the following questions: 14
Explain meaning, types and different effect of inflation.
State the relation between AC and MC.