MCom06 Managerial Economics M.Com Question Bank : uou.ac.in
Name of the University : Uttarakhand Open University
Degree : M.Com
Subject Code/Name : MCom06 Managerial Economics
Year : II
Document Type : Old Question Papers
Website : uou.ac.in
Download Model/Sample Question Paper : https://www.pdfquestion.in/uploads/uou.ac.in/4382.-MCom-06.pdf
Managerial Economics Question Bank :
M.Com.-10 ( (Master of Commerce)
Second Year, Examination – 2012
Time : 3 Hours
Related : Uttarakhand Open University MCom04 Financial Management Question Bank : www.pdfquestion.in/4374.html
Maximum Marks: 60
Note : This paper is of sixty (60) marks divided into three (03) sections. Learners are required to attempt the questions contained in these sections according to the detailed instructions given therein.
SECTION – A
(Long-answer – type questions)
Note : Section ‘A’ contains four (04) long-answer-type questions of fifteen (15) marks each. Learners are required to answer two (02) questions only.
1. What do you mean by managerial economics? Describe the nature and scope of managerial economics.
2. What do you mean by monopolistic Competition? Define the equilibrium of a firm under monopolistic competition in short-run and long run.
3. Explain and illustrate the Law of Diminishing Marginal Utility. What are its exceptions?
4. Define national income. How is it measured ? What are the difficulties in the measurement of national income ?
SECTION – B :
(Short – answer – type questions)
Note : Section ‘B’ contains eight (08) short- answer type questions of five (05) marks each. Learners are required to answer four (04) questions only. Answers of these questions must be restricted to two hundred fifty (250) words
1 What is the law of demand –
2 Distinguish between autonomous and induced investment –
3 Explain the concept of opportunity cost –
4 What are the main determinants of the elasticity of demand-
5 Distinguish between a short period and long period production function.
6 Discuss critically the Kenyenes’ theory of employment.
7 What is business cycle- Describe its various phases.
8 Describe the assumptions of the Law of variable proportions.
SECTION
(Objective – type questions)
Note : Section ‘C’ contains ten (10) objective –type questions of one (01) mark each. All the questions of this section are compulsory.
1. Under perfect competition AR=MR does not prevail.
2. Raw materials and labour costs are variable costs .
3. Perfect competitive firm always gains profit.
4. The two main factors of production are Labour &Capital.
5. Schumpeter gave the innovations theory of trade cycles.
Indicate the correct answer-option :
6. The slope of demand curve is;
a. Negative
b. Constant
c. Positive
d. First positive then negative
7. Which one of the following cross elasticity of demand is operative in monopoly market
a. cross Elasticity of demand =0
b. cross Elasticity of demand =1
c. cross Elasticity of demand <1
d. cross Elasticity of demand >1
8. The “Rent Theory of Profit” is given by—
a. Prof. Waker
b. Prof. Pigu
c. Prof. Schumpeter
d. Prof. Adam Smith
9. A monopolist will always prefer to produce where
a. Elasticity of demand is less than 1
b. Elasticity of demand is equal to 1
c. Elasticity of demand is greater than 1
d. Elasticity of demand is zero
10. Net National Product at market prices and Net National Product at factor costs will be equal when there is
a. No direct tax
b. No indirect tax
c. No subsidy
d. No indirect tax and no subsidy
Second Year, Examination-2015 :
M.COM-06 Managerial Economics :
Note : This paper is of sixty (60) marks divided into three (03) sections A, B, and C. Attempt the questions contained in these sections according to the detailed instructions given therein
Section – A : (Long Answer Type Questions)
Note : Section ‘A’ contains four (04) long-answer-type questions of fifteen (15) marks each. Learners are required to answer any two (02) questions only. (2×15=30)
1. What do you understand by managerial economics? How is it different from conventional economics? Explain with the help of suitable examples.
2. Explain demand forecasting. what are the techniques of demand forecasting? You must use imaginary examples in explaining the techniques.
3. Discuss the following;
(a) Marginal Rate of Substitution
(b) Income Effect
(c) Griffin’s Paradox.
3. Critically discuss monopolistic competition. Illustrate and discuss the determination of price under monopolistic competition.