BBA-03
June Examination 2017
BBA Pt. I Examination
Business Economics
Paper BBA-03
Time 3 Hours Max. Marks 80
Note: The question paper is divided into three sections B and C. Write answers as per given instructions.
Section A 8 × 2 16
(Very Short Answer Questions)
Note: Answer all questions. As per the nature of the question you delimit your answer in one sentence upto 30 words. Each question carries 2 marks.
Define Utility.
Give formula of consumers surplus.
What is Demand?
Define Supply.
Define Marginal Cost.
Define production function.
What is oligopoly?
(viii) Define real wages.
218
BBA-03 200 2 (P.T.O.)
BBA-03 200 2
218
Section B 4 × 8 32
(Short Answer Questions)
Note: Answer any four questions. Each answer should not
exceed 200 words. Each question carries 8 marks.
Describe the role of Business Economist.
Explain law of diminishing marginal utility.
Describe factors affecting demand function.
Give the characteristic of monopoly market.
Explain the theory of business cycle.
Describe modern theory of rent.
Define wages. How the rates of wages are determined?
Explain characteristics of profit.
Section C 2 × 16 32
(Long Answer Questions)
Note: Answer any two questions. Each answer should not
exceed 500 words. Each question carries 16 marks.
10) Explain the concept of consumers surplus. How it is measured?
11) Explain the importance of fixed and variable cost in price
determination.
12) What is market? How prices are determined under perfect
competition?
13) What do you understand by National Income? Discuss the
methods of measuring it.