BBA-03
June Examination 2016
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 questions you delimit your answer in one sentence upto 30 words. Each question carries 2 marks.
Define microeconomics.
What is marginal utility?
What do you mean by Giffen Goods?
Explain the concept of elasticity of supply.
What is perfect competition?
Define rent.
Point out any four factors determining real wages.
(viii) What is consumer's surplus?
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.
Why micro economics is needed in business sector?
What is law of demand? Why does it operate?
What are the stages of laws of returns?
Define monopoly market and explain its features.
Discuss price determination under perfect competition during
short period.
Give suggestions for raising national income.
What do you mean by business cycle?
Explain the concept of marginal productivity.
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) How consumer surplus can be measured by using
indifference curve?
11) Explain various factors affecting supply.
12) Discuss the relationship between national income and
economic welfare.
13) Discuss the modern theory of interest.