B.Sc. I (Semester (Entrepreneurship) (CBCS) Examination, 2018
Economics for Manager and Managerial Acounting (Paper II)
Day and Date Wednesday, 31-10-2018 Max. Marks 70
Time 10.30 a.m. to 1.00 p.m.
instructions All questions are compulsory.
Marks indicate to the right side.
Draw a diagram where necessary.
1. Choose the correct answers from the given alternatives 14
Giffen goods are the goods.
Superior Quality Prestigious Inferior
When marginal utility is zero, total utility is
Nil One
Minimum Maximum
The concept was introduced by Marshall.
Real cost of production Money cost of production
Opportunity cost Total cost
A firm under competition has a regular tendency to show excess
capacity.
Oligopoly Perfect
Monopolistic Imperfect
When the demand changes in the same proportion to the change in price,
it is
Unitary inelastic Unitary elastic
Perfectly inelastic Perfectly elastic
refers to the market structure where there are at least two seller
in the market.
Monopoly Duopoly
Oligopoly Perfect competition
P.T.O.
Seat
No. Set P
Set P
SLR-SK 3 *SLRSK3*
can be defined as a contractual agreement.
Venture Lease Portfolio OTCI
Wealth consist of all the goods.
Financial Economic
Monetary None
serves as a trading centre for stocks, shares and bonds.
OTCI Stock exchange
NSDL Mutual funds
10) Demand is a function of
Price Firm Product Cost
11) An example of fixed asset is
Live stock Value stock Income stock All above
12) Profit and Loss A/c is also called as
Income statement Fund flow statement
Current ratio Retained earning statement
13) Cost of capital is helpful in corporate analysis is
Source of finance Source of service
Source of material Product
14) Bank A/c is a
Personal A/c Real A/c Nominal A/c None
2. Answer the following questions (any four) 8
What is meant by macro economics
What is meant by Business Economics
What is meant by Managerial Accounting
Give the rules of Nominal A/c.
What is meant by Monopoly
Short notes (any two) 6
Nature of Managerial Economics.
Elasticity of Demand.
Features of Oligopoly.
Set P
*SLRSK3* SLR-SK 3
3. Answer the following questions (any two) 8
Define returns of scale with the help of diagram.
Define in detail basic accounting concepts.
What are the different types of A/c
Answer the following questions (any one) 6
Features of perfect competition.
What is demand analysis and give its objectives
4. Answer the following questions (any two) 10
Scope of Business Finance.
Define Demand Schedule.
Features of Monopoly.
Answer the following questions (any one) 4
External returns of scale.
What is Internal source of finance
5. Answer the following questions (any two) 14
Journalise the following transaction in the journal of Mr. Suresh for the month
of Oct. 2011.
11th Oct. 2011 Drew from bank Rs. 1,000 for office use and Rs. 200 for self
12th Oct. 2011 Received from Ramesh Rs. 1,000 less cash discount
15th Oct. 2011 Sold goods to Ramesh Rs. 3,000 less 10% trade discount
16th Oct. 2011 Ramesh return goods Rs. 150
18th Oct. 2011 Deposited Rs. 1,500 into Bank
20th Oct. 2011 Cash sales for the month of Rs. 5,600
22nd Oct. 2011 Cash purchases for the month of Rs. 4,800
30th Oct. 2011 Goods withdrew for personal use Rs. 800
Define production function.
What is the scope of managerial accounting