GUG/W/18/822 1 P.T.O
Bachelor of Commerce (Computer Application)-I First Semester Old
0205 Basic Economics and Business Environment-I
P. Pages 1 GUG/W/18/822
Time Three Hours Max. Marks 80

Notes 1. All questions are compulsory.
2. All questions carry equal marks.
1.
Explain the nature scope of Economics.
8
Discuss Basic economics problems.
OR
8
State the advantages of macro economics. Distinguish between micro macro Economics.
16
2.
Explain the law of diminishing marginal utility.
8
State the features of indifference curve analysis.
OR
8
Explain the law of Equi-marginal utility in detail.
16
3.
Define demand state its functions.
8
Discuss the law of demand.
OR
8
Define elasticity of demand and explain their types.
16
4.
Define Business environment. State its significance.
8
Describe the internal elements of environment.
OR
8
Distinguish between market Guidance V/s state Regulation.
16
5.
Write in short.
Features of Economics.
4
Price line.
4
Objectives of demand.
4
Nature of Business environment.
4