BBA-03
December 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.
Give defination of Business Economics.
Describe total utility.
What is Income demand.
Define marginal rate of substitution.
Define market.
Define real wages.
Define monopoly.
(viii) Give two characteristics of business cycle.
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 importance of business Economics.
Explain the practical importance of consumers surplus.
Give the characteristics of 'Indifference curves'.
Explain the concept of supply.
What is mean by market? Explain difference between perfect
and imperfect market.
Give the characteristics of oligopoly.
Explain Recardian theory of rent.
Describe the relationship between National income and
Economic welfare.
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) Examine the role of business economics in business decisions.
11) Explain law of demand and describe the factors affecting
demand.
12) What do you understand by perfect competition? How prices
are determined under it?
13) Explain modern theory of Rent with the help of diagram.