Welcome to our Institute. We are here to provide you a Questions Papers for Year 2008 ,2009 and 2011

YEAR-2008                   M.B.A-I semester

---

Time:3 Hours                                                                                          Total Marks:-70

The Questions paper is divided into three sections.Sections A contains 10 questions of 02 Marks each. All questions are compulsory.

Section B will contain 05 questions of 10 marks each. The candidate are required to answer three questions from this section.

Section C is of 20 Marks and contains case studies or numerical problems only. Question for 40 marks are given in this section.

SECTION-A

Q.1 Distinguish between accounting costs and economic costs.
Q.2 Why Average Revenue Curve of a firm under perfect competition is parallel to ox-axis?
Q.3 Why the situation of price rigidity occurs under oligopoly?
Q.4 What is the nature of Managerial Economics?
Q.5 What are the basic features of new economy?
Q.6 Distinguish between stock and supply.
Q.7 What do you mean by Break-Even Point?
Q.8 Why consumer`s surplus diminishes?
Q.9 What do you understand by Demand-Pull Inflation?
Q10 Define cross elasticity of demand. Support your answer with an illustration

SECTION-B

Q11 "Managerial Economics is a discipline which deals with the application of Economic Theory to business management". Elucidate this statement by explaining the nature of Managerial Economics.

Q12 (i) Calculate the income elasticity of demand from the information given below and also explain the nature(type) of the commodity on the basis of coefficient.
Income(Rs)    Demand(Units)
Rs.4,000        100
Rs.6,000        80

(ii) Calculate the cross elasticity of demand from the following information and on the basis of that explain the nature (type) of the commodities under consideration.
Price of Sugar    Demands for Tea
(Rs.per kg)         (Kgs)
10                        50
12                        40

Q13 " A competitive firm is not a price determinator, but output adjustor." Explain this statement with suitable diagrams.

Q14 Explain the Law of Variable Proportions with the help of suitable illustration and diagram.

Q15 From the following information, find out the Break-even point:

Variable cost per unit...........Rs.10
Selling price per unit..........Rs.15
Fixed expenses...........Rs.40,000
What will be the selling price per unit, if break even point is brought down to 5,000 units?

SECTION-C

Q.16 A firm total cost function is C = Q² - 22Q. It faces a demand function of Q = 14 - P. Find out the profit maximization output and price for the firm

Or

Q.16 Complete the following table and comment on it:

YEAR-2009

---

Time: 3Hours                                                                                           Total Marks: 70

This Question paper is divided in two sections. Section A contains 6 questions out of which the candidate is required to attempt any 4 questions. Section B contains short case study/application based one question which is compulsory. All questions are carrying equal marks.

SECTION-A

Q.1 "Managerial economics can be viewed as an application of that part of macroeconomics that focuses on risk, demand ,production ,cost,pricing and market structure". Explain role and responsibility of a managerial economist in light of the statement.

Q.2 Explain concepts of consumer`s surplus with help of indifference curves technique.What is the relevance of such concept in business situations?

Q.3 Explain the concept of price-discrimination,its possibility, its profitability when:
(a) Monopolists has total control in two markets having different elasticity of demand.
(b) He is monopolist in one market and a competitor in International market.


Q.4 How a dominant firm determines output under oligopoly with a leftover for small firms under imperfect collusion? Gives names of five oligopolist firms in India.

Q.5 Explain concept of double counting which is avoided while calculating National Income of any country. How GNP,NNP,N1, P1,D1 are calculated?

Q.6 Write short notes on any four:
(1) Economic profit
(2) Perfectly ineiastic demand.
(3) Opportunity cost.
(4) Make or Buy decision
(5) Non-price competition
(6) Demand-Pull inflation

SECTION-B

(5 Marks will be deducted if Section-B is not answered)
Answer the following questions:(7 x 2 = 14)

Q.1 What are the main tools of fiscal policy in India?
Q.2 Explain how tax administration has failed in India to unearth black money.
Q.3 How inequalities of income may be reduced?
Q.4 How cost-push inflation can be checked?
Q.5 Highlight main recommendation of Chelliah committee on Tax reforms.
Q.6 What is the difference between Revenue deficit and capital deficit in union budget?
Q.7 Outline items of receipt and expenditure in Union Budget.

YEAR-2011

---

Time: 3Hours                                                                                           Total Marks: 70

This Question paper is divided in two sections. Section A contains 6 questions out of which the candidate is required to attempt any 4 questions. Section B contains short case study/application based one question which is compulsory. All questions are carrying equal marks.

SECTION-A

Q.1 "Managerial economics is the integration of economic theory with business practice for the purpose of facilitating decision making and forward planning by management." Explain.

Q.2 What are the conditions for a consumer`s equilibrium ? Explain and illustrate consumers`s equilibrium using indifference curve technique ?

Q.3 Explain and illustrate Hicksian and Slutskian methods of decomposing income and substitution effects of price effect.

Q.4 What are the determination of market demand for a commodity ? How do the changes in the following factors affect the demand for a commodity ?
(a) Price
(b) Income
(c) Price of the substitute
(d) Advertisement and
(e) Population

Q.5 (a) "The concept of elasticity of demand and demand forecasting are versatile tools of economic analysis" Discuss the validity of this statement with appropriate examples.
(b) When MC changes, AC changes (a) at the same rate, (b) at a higher rate, or (c) at a lower rate? illustrate your answer through a diagram.

Q.6 Describe the assumptions underlying the linked demand model of oligopoly. How the linked demand curve lead to price rigidity in an oligopolistic market.

SECTION-B

Q.7 (a) Describe the various methods of measuring National Income. How is a method chosen for measuring national income ?
(b) Explain the various tools used in formulation of fiscal policy in India
(c) Why is controlling trade cycles necessary? Describe the major stabilization policies?
(d) Explain the difference between revenue deficit and capital deficit.