Y8IOL;L

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AX–64
B.Com. Part—I (Semester—II) Examination
(Commerce)
BUSINESS ECONOMICS
Time : Three Hours] [Maximum Marks : 80
Note :— (1) All questions are compulsory.
(2) Draw diagrams wherever necessary.
SECTION—A
(Multiple Choice Questions)
Select suitable options :— 1×20=20
1. Managerial Economics is the new branch of __________.
(a) Agricultural Economics (b) Labour Economics
(c) Business Economics (d) None of these
2. _________ is the main objective of Managerial Economics.
(a) Advertisement (b) Price decision
(c) Profit Management (d) All of the above
3. Business Economics was originated during ________.
(a) Second World War (b) First World War
(c) (a) and (b) (d) None of the above
4. ________ is the feature of Business Economics.
(a) Nature of Micro Economics (b) Use of Macro Economics
(c) Perspective nature (d) All of the above
5. Monopolist controls over ________.
(a) Supply of commodities (b) Demand of commodities
(c) Demand and supply of commodity (d) None of these
6. Local market means ___________.
(a) Market spread in specific region (b) Market meant for one particular place
(c) Nationwide market (d) None of these
7. Monopolist earns maximum profit at a point where _________.
(a) Marginal cost is equal to Marginal Revenue
(b) Marginal cost is equal to Average Revenue
(c) Marginal cost is equal to Average Cost
(d) Marginal cost is equal to Total Revenue
8. Monopoly market means __________.
(a) Limited number of buyers and sellers
(b) Only single seller or producer in market
(c) Long-term market
(d) Mixed market
DD—2428 1 (Contd.)

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9. __________ is the main feature of imperfect competition.
(a) Many Sellers and Buyers
(b) Product differentiation
(c) Differential choice of many customers
(d) Many sellers and product differentiation
10. Price Leadership is feature of ________.
(a) Oligopoly (b) Monopoly
(c) Perfect competition (d) Monopolistic competition
11. _________ is an imaginary situation of market.
(a) Monopoly (b) Perfect competition
(c) Oligopoly (d) Imperfect competition
12. In perfect competition the basis of price determination is _________.
(a) Demand (b) Supply
(c) Demand & Supply (d) None of these
13. Demand curve of factors of production is _________.
(a) Negative (b) Positive
(c) Parallel (d) None of these
14. According to Ricardo Land without rent is called as __________.
(a) Marginal Land (b) Productive Land
(c) Semi Marginal Land (d) Unproductive Land
15. Quasi Rent Theory was proposed by ________.
(a) Adam Smith (b) Ricardo
(c) Marshal (d) None of these
16. Basis of difference between Monetary wages and Real wages is ________.
(a) Purchasing power of money (b) Additional facilities and concessions
(c) Tendency of work (d) All of the above
17. Loanable funds theory of Interest was first proposed by _________.
(a) Keynes (b) J.B. Say
(c) Fisher (d) Wicksell
18. Supply curve of total loanable funds is __________.
(a) Parallel (b) Vertical
(c) Upward sloping from left to right (d) Downward sloping from left to right
19. Risk and uncertainty theory of profit is proposed by __________.
(a) J.B. Clark (b) Hawley
(c) J.M. Keynes (d) Marshal
20. According to Schumpeter the profit emerges due to __________ .
(a) Imitation (b) Management
(c) Innovation (d) Organisation
DD—2428 2 (Contd.)

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SECTION—B
Write answers in short :—
1. (a) Explain the features of Business Economics. 4
OR
(b) Explain the nature of Managerial Economics.
2. (a) Explain the functions of price mechanism. 4
OR
(b) Explain the types of market.
3. (a) Explain the features of oligopoly. 4
OR
(b) What is price leadership ?
4. (a) Explain the assumptions of marginal productivity theory. 4
OR
(b) Explain the factors responsible for exploitation of workers.
5. (a) Explain the demand of Loanable Funds. 4
OR
(b) Explain profit and give its definition.
SECTION—C
Write answers in detail :—
1. (a) Explain how Managerial Economics assists Managers. 8
OR
(b) Explain the concept and features of Managerial Economics.
2. (a) Explain monopoly and elaborate how price determination takes place under it. 8
OR
(b) What is price discrimination ? Explain its types.
3. (a) What is perfect competition ? Explain its features. 8
OR
(b) What is imperfect competition ? Explain its features.
4. (a) Explain the Ricardian Theory of Rent. 8
OR
(b) Explain the Law of Marginal Productivity and narrate its limitations.
5. (a) Critically evaluate the loanable funds theory of interest. 8
OR
(b) Explain the innovation theory of profit propounded by Schumpeter.
DD—2428 3 (Contd.)

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AX–64
B.Com. Part—I (Semester—II) Examination
(Commerce)
BUSINESS ECONOMICS
Time : Three Hours] [Maximum Marks : 80
¼ejkBh ek/;e½
lwpuk :— (1) loZ iz’u lksMfo.ks vko’;d vkgs-
(2) vko’;d rsFks vkÑR;k dk<k-
foHkkx—v
¼cgqi;kZ;h iz’u½
;ksX; i;kZ; fuoMk %— 1×20=20
1. izca/kdh; vFkZ’kkL= gh _________ ph ,d uohu ’kk[kk vkgs-
¼v½ Ñ"kh vFkZ’kkL= ¼c½ Je vFkZ’kkL=
¼d½ O;kolk;hd vFkZ’kkL= ¼M½ ;kiSdh ukgh
2. izca/kdh; vFkZ’kkL=kps _________ ew[; míh"V vkgs-
¼v½ tkghjkr ¼c½ ewY; fu.kZ;
¼d½ ykHkkps O;oLFkkiu ¼M½ ojhyiSdh loZ
3. O;kolk;hd vFkZ’kkL=kpk mn; _________ dkGkr >kyk-
¼v½ f}fr; egk;q) ¼c½ izFke egk;q)
¼d½ ¼v½ vkf.k ¼c½ ¼M½ ojhy iSdh ukgh
4. O;kolk;hd vFkZ’kkL=kph oSf’k"Vîs _________ vkgsr-
¼v½ ’kq{e vFkZ’kkL=kps Lo:i ¼c½ LFkwy vFkZ’kkL=kpk mi;ksx
¼d½ funsZ’kkRed Lo:i ¼M½ ;kiSdh loZ
5. ,dkf/kdkÚ;kps _________ fu;a=.k vlrs-
¼v½ oLrqP;k iqjoBîkoj ¼c½ oLrwP;k ekx.khoj
¼d½ oLrwpk iqjoBk vkf.k ekx.kh;k nksUghoj ¼M½ ;kiSdh ukgh
6. LFkkuhd cktkj Eg.kts _________.
¼v½ ,dk fof’k"V izns’kkr iljysyk cktkj ¼c½ ,dk fof’k"V LFkkuklkBh vl.kkjk cktkj
¼d½ ns’kO;kih cktkj ¼M½ ;kiSdh ukgh
7. ,dkf/kdkÚ;kyk vf/kdre ykHk R;k fcanwoj izkIr gksrks] ftFks _________-
¼v½ lhekar [kpZ vkf.k lhekar izkIrh leku vlrs
¼c½ lhekar [kpZ vkf.k ljkljh izkIrh leku vlrs
¼d½ lhekar [kpZ vkf.k ljkljh [kpZ leku vlrks
¼M½ lhekar [kpZ vkf.k ,dw.k izkIrh leku vlrs
8. ,dkf/kdkj cktkj Eg.kts _________-
¼v½ Øsrk vkf.k foØsR;kph e;kZnhr la[;k ¼c½ cktkjkr ,dp foØsrk fdaok mRiknd
¼d½ fn?kZdkyhu cktkj ¼M½ feJhr cktkj
DD—2428 4 (Contd.)

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9. viw.kZ Li/ksZph eq[; oSf’k"Vîs _________ gs vkgs-
¼v½ vusd Øsrk vusd foØsrk ¼c½ oLrw foHksnu
¼d½ vusd ØsR;kaph osxosxGh ilarh ¼M½ vusd foØsrs vkf.k oLrw foHksnu
10. ewY; usr‘Ro _________ ps oSf’k"Vîs vkgs-
¼v½ vYikf/kdkj ¼c½ ,dkf/kdkj
¼d½ iw.kZ Li/kkZ ¼M½ ,dkf/kdkjkRed Li/kkZ
11. cktkjkrhy _________ gh ,d dkYifud fLFkrh vkgs
¼v½ ,dkf/kdkj ¼c½ iw.kZ Li/kkZ
¼d½ vYikf/kdkj ¼M½ viw.kZ Li/kkZ
12. iw.kZ Li/ksZP;k dkGkr oLrwph fdaer fu/kkZjhr gks.;kpk vk/kkj _________ gk vkgs-
¼v½ ekx.kh ¼c½ iqjoBk
¼d½ ekx.kh o iqjoBk ¼M½ ;kiSdh ukgh
13. mRiknukP;k lk/kukpk ekx.kh oØ _________ vlrks-
¼v½ _.kkRed ¼c½ /kukRed
¼d½ lekarj ¼M½ ;kiSdh ukgh
14. fjdkMksZP;k ers HkkVd jghr Hkwehyk ___________ Eg.krkr-
¼v½ flekar Hkweh ¼c½ vf/kd mitkÅ Hkweh
¼d½ v/kZ flekar Hkweh ¼M½ catj Hkweh
15. vkHkklh HkkVdkpk fl)kar _________ ;kauh ekaMyk-
¼v½ vWMe fLeFk ¼c½ fjdkMksZ
¼d½ ek’kZy ¼M½ ojhyiSdh ukgh
16. okLrfod etqjh vkf.k ekSfnzd etqjhrhy Qjdkpk vk/kkj _________ vkgs-
¼v½ eqnzsph Ø;’kDrh ¼c½ vfrfjDr lks;h o loyrh
¼d½ dk;kZph izo‘Ùkh ¼M½ ojhyiSdh loZ
17. O;ktkP;k _.k;ksX; fu/kh fl)karkps lokZr izFke _________ ;kauh izfriknu dsys-
¼v½ dhUl ¼c½ ts-ch-ls-
¼d½ fQ’kj ¼M½ fodlsy
18. _.k;ksX; fu/khpk ,dw.k iqjoBk oØ _________ vlrks-
¼v½ lekarj ¼c½ ljG map
¼d½ MkohdMwu mtohdMs oj p<r tk.kkjk ¼M½ MkohdMwu mtohdMs mrjrk
19. ykHkkP;k tks[khe vfuf’prrk cy fl)karkps izfriknu _________ ;kauh dsys-
¼v½ ts-ch- DykdZ ¼c½ gkWys
¼d½ ts-,e- dhUl ¼M½ ek’kZy
20. ’kqEihVjP;k ers] ykHk mRiUu gks.kkjs _________ ,d dkj.k vkgs-
¼v½ vuqdj.k ¼c½ izca/ku
¼d½ uoizorZu ¼M½ la?kVu
DD—2428 5 (Contd.)

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foHkkx—c
FkksMD;kr mÙkjs fygk %—
1. ¼v½ O;kolk;hd vFkZ’kkL=kph oSf’k"Vîs Li"V djk- 4
fdaaok
¼c½ izca/kdh; vFkZ’kkL=kps Lo:i Li"V djk-
2. ¼v½ fdaer ;a=.ksph dk;Z Li"V djk- 4
fdaaok
¼c½ cktkj isBsps izdkj Li"V djk-
3. ¼v½ vYik/khdkjkps oSf’k"Vîs Li"V djk- 4
fdaaok
¼c½ fdaer usr‘Ro Eg.kts dk;
4. ¼v½ lhekar mRikndrk fu;ekph x‘ghrs Li"V djk- 4
fdaaok
¼c½ dkexkjkP;k fiGo.kwdhyk dkj.khHkwr Bj.kkjs ?kVd Li"V djk-
5. ¼v½ _.k;ksX; fuf/kph ekx.kh Li"V djk- 4
fdaaok
¼c½ ykHkkpk vFkZ Li"V d:u] ykHkkph O;k[;k nîk-
foHkkx—d
lfoLrj mÙkjs fygk %—
1. ¼v½ izca/kdh; vFkZ’kkL= izca/kdkauk d’kk izdkjs enr djrs Li"V djk- 8
fdaaok
¼c½ izca/kdh; vFkZ’kkL=kph ladYiuk Li"V d:u izca/kdh; vFkZ’kkL=kph oSf’k"Vîs Li"V djk-
2. ¼v½ ,dk/khdkjkpk vFkZ Li"V d:u] ,dk/khdkjkr fdaer fu/kkZj.k dls gksrs Li"V djk- 8
fdaaok
¼c½ ewY; foHksnu Eg.kts dk; ewY; foHksnukps izdkj Li"V djk-
3. ¼v½ iw.kZ Li/kkZ Eg.kts dk; R;kaph oSf’k"Vîs Li"V djk- 8
fdaaok
¼c½ viw.kZ Li/kkZ Eg.kts dk; viw.kZ Li/ksZph oSf’k"Vîs Li"V djk-
4. ¼v½ fjdkMksZpk HkkaVd fl)kar Li"V djk- 8
fdaaok
¼c½ flaekr mRikndrk fl)kar Li"V d:u R;kP;k e;kZnk Li"V djk-
5. ¼v½ O;ktkP;k _.k;ksX; fu/kh fl)karkps VhdkRed ijh{k.k djk- 8
fdaaok
¼c½ ’kqEihVjpk ykHkkpk uoizorZu fl)kar Li"V djk-
DD—2428 6 (Contd.)

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AX–64
B.Com. Part—I (Semester—II) Examination
(Commerce)
BUSINESS ECONOMICS
Time : Three Hours] [Maximum Marks : 80
¼fgUnh ek/;e½
lwpuk :— (1) lHkh iz’u vfuok;Z gSaA
(2) vko’;d ogk¡ is js[kkfp= fudkfy;sA
foHkkx—v
¼cgqi;kZ;h iz’u½
mfpr fodYi pqfu;s %— 1×20=20
1. izca/kdh; vFkZ’kkL= _________ ,d ubZ ’kk[kk gSA
¼v½ Ñf"k vFkZ’kkL= ¼c½ Je vFkZ’kkL=
¼d½ O;kolkf;d vFkZ’kkL= ¼M½ buesa ls ugha
2. izca/kdh; vFkZ’kkL= dh _________ izeq[k fo’ks"krk,a gSaA
¼v½ tkfgjkr ¼c½ ewY; fu.kZ;
¼d½ ykHk dk O;oLFkkiu ¼M½ buesa ls lHkh
3. O;kolkf;d vFkZ’kkL= dk mn; _________ dky esa gqvkA
¼v½ f}rh; egk;q) ¼c½ izFke egk;q)
¼d½ ¼v½ ,oe~ ¼c½ ¼M½ buesa ls ugha
4. O;kolkf;d vFkZ’kkL= dh fo’ks"krk,a _________ gSaA
¼v½ lw{e vFkZ’kkL= ds Lo:i ¼c½ LFkwy vFkZ’kkL= ds mi;ksx
¼d½ funsZ’kkRed Lo:i ¼M½ buesa ls lHkh
5. ,dkf/kdkjh ds _________ fu;a=.k gSA
¼v½ oLrq dh iwfrZ ij ¼c½ oLrq dh ekax ij
¼d½ oLrq dh iwfrZ ,oe~ ek¡x bu nksuksa ij ¼M½ buesa ls ugha
6. LFkkfud cktkj ;kus _________A
¼v½ ,d fo’ks"k izns’k esa QSyk gqvk cktkj ¼c½ ,d fo’ks"k LFkku ds cktkj
¼d½ ns’kO;kih cktkj ¼M½ buesa ls ugha
7. ,dkf/kdkjh dks vf/kdre ykHk ml fcanq ij feyrk gS tgk¡ _________-
¼v½ lhekar [kpZ ,oe~ lhekar izkIrh leku jguk
¼c½ lhekar [kpZ ,oe~ ljkljh izkIr leku jguk
¼d½ lhekar [kpZ ,oe~ ljkljh [kpZ leku jguk
¼M½ lhekar [kpZ ,oe~ dqy izkIrh leku jguk
8. ,dkf/kdkj cktkj ;kus _________A
¼v½ Øsrk ,oe~ foØsrkvksa dh e;kZfnr la[;k ¼c½ cktkj esa vdsyk foØsrk ,oe~ mRiknd
¼d½ nh?kZdkyhu cktkj ¼M½ feJhr cktkj
DD—2428 7 (Contd.)

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9. viw.kZ Li/kkZ dh izeq[k fo’ks"krk,a _________ ;s gSaA
¼v½ vusd Øsrk ,oa vusd foØsrk ¼c½ oLrq foHksn
¼d½ vusd Øsrkvksa dh vyx&vyx ialarh ¼M½ vusd foØsrk ,oe~ oLrq foHksnu
10. ewY; usr‘Ro _________ dh fo’ks"krk gSA
¼v½ vYikf/kdkj ¼c½ ,dkf/kdkj
¼d½ iw.kZ Li/kkZ ¼M½ ,dkf/kdkjkRed Li/kkZ
11. cktkj esa dh ;g ,d _________ dkYifud fLFkrh gSA
¼v½ ,dkf/kdkj ¼c½ iw.kZ Li/kkZ
¼d½ vYikf/kdkj ¼M½ viw.kZ Li/kkZ
12. iw.kZ Li/kkZ ds dky esa oLrq dh fdaer fu/kkZfjr gksus dk vk/kkj _________ ;s gSA
¼v½ ek¡x ¼c½ iwfrZ
¼d½ ek¡x ,oe~ iwfrZ ¼M½ buesa ls ugha
13. mRiknu ds lk/ku dk ek¡x oØ _________ jgrk gSA
¼v½ _.kkRed ¼c½ /kukRed
¼d½ lekarj ¼M½ buesa ls ugha
14. fjdkMksZ ds vuqlkj HkkVd jfgr Hkwfe dks ___________ dgrs gSaA
¼v½ lhekar Hkwfe ¼c½ vf/kd mitkÅ Hkwfe
¼d½ v/kZ lhekar Hkwfe ¼M½ catj Hkwfe
15. vkHkklh HkkVd fl)kar bUgksaus _________ izfrikfnr fd;kA
¼v½ vWMe fLeFk ¼c½ fjdkMksZ
¼d½ ek’kZy ¼M½ buesa ls ugha
16. okLrfod etnwjh ,oe~ ekSfnzd etnwjh buds varj dk vk/kkj _________ gSA
¼v½ eqnzk dh Ø; ’kfDr ¼c½ vfrfjDr lqfo/kk ,oe~ loyr
¼d½ dk;Z dh izo‘rh ¼M½ buesa ls lHkh
17. C;kt ds _.k;ksX; fu/kh fl)kar dks lcls igys _________ bUgksaus izfrikfnr fd;kA
¼v½ dsUl ¼c½ ts-ch-ls
¼d½ fQ’kj ¼M½ fodlsy
18. _.k ;ksX; fu/kh dk dqy iwfrZ oØ _________ jgrk gSA
¼v½ lekarj ¼c½ lh/ks Åij
¼d½ ck¡;s ls nk¡;s Åij p<+us okyk ¼M½ ck¡;s ls nk¡;s mrjrk
19. ykHk ds tksf[ke vfuf’prrk ogu fl)kar ds izfriknu _________ bUgksaus fd;kA
¼v½ ts-ch- DykdZ ¼c½ gkWys
¼d½ ts-,e- fdUl ¼M½ ek’kZy
20. ’kqEihVj ds vuqlkj ykHk fuekZ.k dk _________ ,d dkj.k gSA
¼v½ vuqdj.k ¼c½ izca/ku
¼d½ uoizorZu ¼M½ la?kVu
DD—2428 8 (Contd.)

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foHkkx—c
la{ksi esa mÙkj fyf[k;s %—
1. ¼v½ O;kolkf;d vFkZ’kkL= fo’ks"krk,a Li"V dhft;sA 4
vFkok
¼c½ izca/kdh; vFkZ’kkL= ds Lo:i Li"V dhft;sA
2. ¼v½ dher ;a=.kk dh dk;Z Li"V dhft;sA 4
vFkok
¼c½ cktkj isB ds izdkj Li"V dhft;sA
3. ¼v½ vYikf/kdkj dh fo’ks"krk,a Li"V dhft;sA 4
vFkok
¼c½ dher usr‘Ro ;kus D;k
4. ¼v½ lhekar mRikndrk fu;e dh x‘fgrksa dks Li"V dhft;sA 4
vFkok
¼c½ dkexkjksa ds ’kks"k.k dks ftEesnkj dkjdksa dks Li"V dhft;sA
5. ¼v½ _.k ;ksX; fu/kh dh ek¡x Li"V dhft;sA 4
vFkok
¼c½ ykHk dk vFkZ Li"V djds ykHk dh ifjHkk"kk nhft;sA
foHkkx—d
foLrkj ls mÙkj fyf[k;s %—
1. ¼v½ izca/kdh; vFkZ’kkL= izca/kdksa dks fdl izdkj enr djrs gSa Li"V dhft;sA 8
vFkok
¼c½ izca/kdh; vFkZ’kkL= dh ifjHkk"kk Li"V djds izca/kdh; vFkZ’kkL= dh fo’ks"krk,a Li"V dhft;sA
2. ¼v½ ,dkf/kdkj dk vFkZ Li"V djds ,dkf/kdkj esa dher fu/kkZj.k dSls gksrk gS Li"V dhft;sA
8
vFkok
¼c½ ewY; foHksn ;kus D;k ewY; foHksn ds izdkj Li"V dhft;sA
3. ¼v½ iw.kZ Li/kkZ ;kus D;k mudh fo’ks"krk,a Li"V dhft;sA 8
vFkok
¼c½ viw.kZ Li/kkZ ;kus D;k viw.kZ Li/kkZ dh fo’ks"krk,a Li"V dhft;sA
4. ¼v½ fjdkMksZ dk HkkVd fl)kar Li"V dhft;sA 8
vFkok
¼c½ lhekar mRikndrk fl)kar Li"V djds mudh e;kZnk Li"V dhft;sA
5. ¼v½ C;kt dk _.k;ksX; fu/kh fl)kar dk vkykspukRed ifj{k.k dhft;sA 8
vFkok
¼c½ ’kqEihVj ds ykHk dk ^^uoizorZu** fl)kar Li"V dhft;sA
DD—2428 9 625