DISTANCE EDUCATION
B.B.A. (Banking) DEGREE EXAMINATION, MAY 2016.
PRINCIPLES OF ECONOMICS
(2005 onwards)
Time Three hours Maximum 100 marks
SECTION A — 8 40 marks)
Answer any FIVE questions.
1. Define National Income. Write a detailed note on GNP.
2. Discuss the various causes for the rapid growth of
population.
3. Explain the factors affecting advertising elasticity of
demand.
4. What is indifference curve? What are its properties?
5. Write a note on marginal revenue and marginal cost.
6. State the difference between perfect competition and
monopolistic competition.
7. What do you mean by wage fund theory? Explain.
8. Briefly explain Walker's theory of profit.
SECTION B — × 15 60 marks)
Answer any FOUR questions.
9. Describe the various methods of measuring national
income. How is a method chosen for measuring national
Income?
Sub. Code
12
DE-3344
2
wk4
10. Explain and illustrate the law of diminishing returns.
How does the law operate?
11. Write a detailed note on
Opportunity cost
Variable Vs fixed cost
Historical cost.
12. What is oligopoly? How price is determined under
oligopoly?
13. Discuss the Malthusian theory of population and what do
you mean by optimum population.
14. 'Interest is the reward for pure waiting'. It is the price for
the use of capital for a given period and as such is
determined by the demand and supply of capital''
Explain.
15. Explain the various causes for wage differences.