Osmania University B.COM 1st year Important Questions Of Business Economics

UNIT-1

1. Law Of Diminishing Marginal Utility ?
2. Law Of Equi Marginal Utility ?
3. Differentiate between Macro & Micro Economies ?
4. Concept Of Consumer Surplus ?
5. Nature & Scope ?

UNIT-2

1. Price Elasticity Of Demand ? Types Of Elasticity Of Demand ?
2. Differentiate State &  Explain Law Of Supply ?
3. Explain Law Of Demand & It's Exceptions ? (or) Why Demand Curve Slopes From Left To Right ?
4. Types Of Demand ?
5. What Is Elasticity of Demand ? What are The Types of Elasticity Of Demand ?

UNIT-3

1. Short Run Cost Curve ?
2. Relationship between Average Revenue & Marginal Revenue ?
3. Law of returns to Scale ?
4. Diminishing returns to Scale ? or Variable Proportional To Scale ?
5. Scale Of Production ?

UNIT-4

1. What is Perfect Competition ?How Its Price & Output Determine Under Perfect Competition ?
2. Define Monopoly ? Its Price and Output Determination ?
3. What Is Oligopoly ? Explain Kinked Demand Curve ?
4. What is Monopolistic Competition ? How price & Output Determine under Monopolistic Competition ?
5. Difference Between Perfect Competition and Monopoly ?

UNIT-5

1. What is National Income ? Explain The Methods Of Estimating In national income ? (or) Define National Income ? What are the Difficulties in national income ?
2. Explain Concepts of L.P.G ? 
3. What is Balance Of Trade ? and Balance Of Payments ?
4. What are the corrections of Dis-Equilibrium In Balance Of Payments ?
5. Comparative Cost ?
6. What is Trade Cycles ? Explain Its Fluctuation ?
7. Explain The Origin and Functions Of  W.T.O ?