GUG/W/18/828 1 P.T.O
Bachelor of Commerce (Computer Application) I Second Semester
0211 Basic Economics and Business Environment-II
P. Pages 1 GUG/W/18/828
Time Three Hours Max. Marks 80

Notes 1. All questions are compulsory.
2. All questions carry equal marks.
1.
Explain the concept of Average, Revenue and marginal Revenue.
8
Explain economics and diseconomies of scale.
OR
8
Explain the law of variable proportion.
16
2.
Explain the price determination under perfect competition.
8
Define monopoly? Explain its characteristics.
OR
8
Explain the price determination under monopolistic competition.
16
3.
Explain the concept of personal Income, private income and national income.
8
Distinguish between gross national product and Gross Domestic product.
OR
8
What do you mean by national income Explain its importance.
16
4.
What is the economic environment in business?
8
Explain Fiscal policy and monetary policy in India.
OR
8
Explain the economic planning in India Its various government policies.
16
5.
Short notes
Variable cost Fixed cost.
4
Types of monopoly.
4
GDP (Gross Domestic product).
4
EXIM policy.
4

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