B.B.A-B.B.A PRINCIPLES OF ECONOMICS(Alagappa University - Directorate of Distance Education-2010)

DISTANCE EDUCATION

B.B.A. (Banking) DEGREE EXAMINATION, MAY 2010.

PRINCIPLES OF ECONOMICS

(2005 onwards)

Time : Three hours    Maximum : 100 marks

SECTION A — (5 ´ 8 = 40 marks)

Answer any FIVE questions.

1.    Explain the importance of National Income.

2.    What are the factors affecting the population growth?

3.    Explain the law of diminishing return.

4.    What are the differences between fixed and variable cost?

5.    How price is fixed under perfect competition in the  long-run period?

6.    Distinguish between Rent and Quasi Rent.

7.    Explain assumptions of Oligopoly.

8.    Explain the exception to the law of Demand.

SECTION B — (4 ´ 15 = 60 marks)

Answer any FOUR questions.

9.    How price and output are determined under monopolistic competition?

10.  Describe the importance of Internal and External economies in the context of promoting the maximum production in a firm.

11.  How is price elasticity of demand measured?

12.  Briefly explain the Malthusian Theory of Population.

13.  Explain the Marginal Productivity Theory of Profit.

14.  What are the determinants of Normal Price?

15.  What are defects in the National Income Counting?

Earning:  ₹ 6.05/-