Deemed University 2010 B.Com Co-operative Management Principles of economics - Question Paper

part - A

ans ALL ques.. every ans should be about 50 words. All ques. carry EQUAL marks.


1. What is Economics? [marks 2]

2. describe the scarcity definition of Economics. [marks 2]

3. What is meant by demand? [marks 2]

4. describe "Marginal Utility". [marks 2]

5. State the legal regulations of supply. [marks 2]

6. What is Monopoly? [marks 2]

7. What is "Rent"? [marks 2]

8. describe "Liquidity Preference" [marks 2]

9. What is meant by National Income? [marks 2]

10. What is trade cycle? [marks 2]


part - B

ans ALL ques. choosing either [a] or [b]. every ans should be about 300 words. All ques. carry EQUAL marks


11. a. Briefly discuss the divisions of Economics. [marks 5]

[Or]

b. "Economics is both Positive and Normative science" - discuss. [marks 5]

12. a. discuss the legal regulations of demand. [marks 5]

[Or]

b. discuss the assumptions of indifference curve analysis with diagrams. [marks 5]

13. a. explain the slopes of short run cost surves. [marks 5]

[Or]

b. elaborate the features of perfect competition? [marks 5]

14. a. Briefly discuss the marginal productivity theory of distribution. [marks 5]

[Or]

b. discuss the innovation theory of profit. [marks 5]

15. a. elaborate the advantages of calculating national income? [marks 5]

[Or]

b. Examine various stages of trade cycle. [marks 5]


part - C

ans any 3 ques.. every ans should be about 1000 words. All ques. carry EQUAL marks


16. discuss the differences ranging from Micro Economics and Macro Economics. [marks 10]

17. discuss various kinds of elasticity of demand. [marks 10]

18. Examine the price and output determination under monopolistic competition [marks 10]

19. Critically examine the Ricardo's theory of rent with assumptions. [marks 10]

20. discuss the methods and difficulties in calculating national income. [marks 10]

Earning:   Approval pending.