Important MBA (BU) Question

(CP-103) Managerial Economics

I Sem, MBA (Regular, EX, ATKT)

Common for All Branches of MBA

Unit I

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Q.1 ‘Managerial Economics bridges the gap between economic theory and business practice.’ Explain with examples. (BU 2024)

Q.2 Define Elasticity of Demand. Discuss the important elasticities of demand.  (BU 2024)

Q.3 Define Managerial Economics? Explain the nature of Scope of Managerial Economics? (BU 2023)

Q.4 Decline Demand and Discuss the various determinants of demand. (BU 2023)

Q.5 Write an Essay on “Demand Forecasting. (BU 2023)

Q.6 What is elasticity of demand? Explain its impact on Economy. (BU 2023)

Q.7 Define and discuss Law of Demand. (BU 2022)

Q.8 Explain and illustrate consumer equilibrium through indifference curve. (BU 2022)

Unit II

Q.1 What is opportunity cost? How is opportunity cost relevant for managerial decisions? (BU 2024)

Q.2 State and illustrate the cobb-Douglas Production Junction. What are the properties of this function? (BU 2024)

Q.3 Write note on ‘Economic of Scale’. (BU 2023)

Q.4 Explain the relationship between marginal Cost, average cost and total cost assuming a short run cost function. (BU 2023)

Q.5 Differentiate between Accounting cost and Economic Cost. (BU 2022)

Q.6 Explain Production Function. Define and illustrate Law of variable Proportion. (BU 2022)

Unit III

Q.1 Define oligopoly. What is the difference between oligopoly and monopolistic competition? (BU 2024)

Q.2 What factors determine the market structure? How does the market structure affect pricing decision of a firm? (BU 2024)

Q.3 Describe the characteristics of market structure. (BU 2023)

Q.4 What is meant by Monetary policy? Describe Various instruments of monetary policy? (BU 2023)

Q.5 How duopoly is different with monopoly? Discuss. (BU 2022)

Q.6 What are the main objectives of Monetary Policy? Describe various instrument of it. (BU 2022)

Unit IV

Q.1 Describe in brief the methods of measuring National Income. (BU 2024)

Q.2 Explain the concept of gross Domestic Product (GDP), Present your views on the usefulness of the concept as an economic measure of the well being of any nation. (BU 2024)

Q.3 Define Inflation. Explain various type of Inflation. (BU 2023)

Q.4 Explain Various measures of National Income. (BU 2023)

Q.5 Discuss various methods of measuring National Income? (BU 2023)

Q.6 Distinguish between cardinal and ordinal concepts of utility. (BU 2022)

Q.7 Differentiate between monopolic competition and perfect com-petition Also discuss how Price and output decisions are taken in monopolistic competition. (BU 2022)

Q.8 Describe the various method of measuring National Income. (BU 2022)

Unit V

Q.1 Differentiate between Balance of trade and Balance of Payment (BU 2024)

Q.2 Describe the instruments of Monetary Policy. (BU 2024)

Q.3 What is meant by Business cycle? Explain the different phases of a business cycle. (BU 2024)

Q.4 Define Business cycle. Explain its features. (BU 2023)

Q.5 Critically analyze the profit maximization should be the objective of business firm. (BU 2022)

Q.6 What do you mean by WPI and CPI and how it is used for measuring National Income. (BU 2022)

Q.7 Explain Balance of Payment. (BU 2022)

Extra Questions

Q.1 Write short notes on: (BU 2024)

(a) Price skimming

(b) Penetration Pricing.

Q.2 What is an Indifference curve? What role does it play in consumer Analysis? (BU 2024)

Q.3 Define break even analysis. Explain its importance. (BU 2023)

Q.4 Discuss the distribution of financial resources between the centre and state is as under. (BU 2022)

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