Exam Details
| Subject | economics for manager and managerial acounting (paper – ii) | |
| Paper | ||
| Exam / Course | b.sc. – i (entrepreneurship) | |
| Department | ||
| Organization | solapur university | |
| Position | ||
| Exam Date | March, 2018 | |
| City, State | maharashtra, solapur |
Question Paper
B.Sc. I (Semester (CBCS) Examination, 2018
Entrepreneurship (Paper II)
Economics for Manager and Managerial Accounting
Day and Date Monday, 2-4-2018 Max. Marks 70
Time 10.30 a.m. to 1.00 p.m.
1. Choice and write a correct answer from given four alternatives 14
When marginal utility is zero, total utility is
Nil One Minimum Maximum
Giffen goods are the goods.
Superior Quality
Prestigious Inferior
A firm under competition has a regular tendency to show excess
capacity.
Oligopoly Perfect
Monopolistic Imperfect
refers to the market structure where there are at least two
sellers in market.
Monopoly Duopoly
Oligopoly Perfect competition
The concept was introduced by Alfred Marshal.
Real cost of production Money cost of production
Opportunity cost Total cost
When the demand changes in the same proportion to the change in price it is
Unitary inelastic Unitary elastic
Perfectly inelastic Perfectly elastic
Wealth consist of all the goods.
Financial Economic
Monetary None of these
is type of account.
Real Perfect Cost Direct
Profit and Loss Account also called as
Income statement Fund flow statement
Current Ratio Retained earning statement
10) A person who owes money to the business is called
Creditor Debtor Proprietor Owner
11) Owner account is under account groups.
Investment Capital Cash Expenses
12) An example of fixed asset is
Live stock Value stock Income stock All the above
13) Cost of capital is helpful in corporative analysis
Source of finance Source of service
Source of material Product
14) Demand is a function of
Price Firm Product Cost
2. Solve any seven of the following 14
What is meant by Economics
Define Manager.
What do you mean by Monopoly
Define Accounting.
Define Demand analysis.
Write down rules of account.
Define business finance.
Write down various book of account.
What is meant by Balance Sheet
3. Attempt any two of the following 10
What is account Explain the types of account.
Draw a format Journal, Ledger, P&L Trial Balance and Balance Sheet.
Explain the scope of Managerial economics.
Short note on Business finance. 4
4. Attempt any two of the following
Explain the basic concept of economics. 14
Explain the features of Perfect competition.
Explain the nature and scope of accounting.
5. Attempt any two of the following 14
Explain the demand analysis and its objectives.
Explain the source of financial information.
To create journal entries of following transaction
Ashok starts business with Rs. 10,000
Purchase machinery for Rs. 50,000 and furniture Rs. 10,000
Paid amount for rent Rs. 1,000
Deposit Rs. 10,000 in Bank
Purchase goods for Rs. 20,000 from Mr. Ram on credit.
Sold goods to Mr. Rakesh for Rs. 10,000
Rs. 5,000 withdraws from bank for personal use.
Entrepreneurship (Paper II)
Economics for Manager and Managerial Accounting
Day and Date Monday, 2-4-2018 Max. Marks 70
Time 10.30 a.m. to 1.00 p.m.
1. Choice and write a correct answer from given four alternatives 14
When marginal utility is zero, total utility is
Nil One Minimum Maximum
Giffen goods are the goods.
Superior Quality
Prestigious Inferior
A firm under competition has a regular tendency to show excess
capacity.
Oligopoly Perfect
Monopolistic Imperfect
refers to the market structure where there are at least two
sellers in market.
Monopoly Duopoly
Oligopoly Perfect competition
The concept was introduced by Alfred Marshal.
Real cost of production Money cost of production
Opportunity cost Total cost
When the demand changes in the same proportion to the change in price it is
Unitary inelastic Unitary elastic
Perfectly inelastic Perfectly elastic
Wealth consist of all the goods.
Financial Economic
Monetary None of these
is type of account.
Real Perfect Cost Direct
Profit and Loss Account also called as
Income statement Fund flow statement
Current Ratio Retained earning statement
10) A person who owes money to the business is called
Creditor Debtor Proprietor Owner
11) Owner account is under account groups.
Investment Capital Cash Expenses
12) An example of fixed asset is
Live stock Value stock Income stock All the above
13) Cost of capital is helpful in corporative analysis
Source of finance Source of service
Source of material Product
14) Demand is a function of
Price Firm Product Cost
2. Solve any seven of the following 14
What is meant by Economics
Define Manager.
What do you mean by Monopoly
Define Accounting.
Define Demand analysis.
Write down rules of account.
Define business finance.
Write down various book of account.
What is meant by Balance Sheet
3. Attempt any two of the following 10
What is account Explain the types of account.
Draw a format Journal, Ledger, P&L Trial Balance and Balance Sheet.
Explain the scope of Managerial economics.
Short note on Business finance. 4
4. Attempt any two of the following
Explain the basic concept of economics. 14
Explain the features of Perfect competition.
Explain the nature and scope of accounting.
5. Attempt any two of the following 14
Explain the demand analysis and its objectives.
Explain the source of financial information.
To create journal entries of following transaction
Ashok starts business with Rs. 10,000
Purchase machinery for Rs. 50,000 and furniture Rs. 10,000
Paid amount for rent Rs. 1,000
Deposit Rs. 10,000 in Bank
Purchase goods for Rs. 20,000 from Mr. Ram on credit.
Sold goods to Mr. Rakesh for Rs. 10,000
Rs. 5,000 withdraws from bank for personal use.
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