Name of the University : Uttarakhand Open University
Degree : BBA
Subject Code/Name : BBA202 Microeconomic and Banking Foundation of Business
Semester : II
Document Type : Model Question Paper
Website : uou.ac.in
Download Model/Sample Question Paper : https://www.pdfquestion.in/uploads/uou.ac.in/4763-BBA-202%282%29.pdf
Microeconomic & Banking Foundation of Business :
B.B.A- 10/BBAH-11 (Bachelor of Business Administration)
Second Semester, Examination-2012
Time: 3 Hours
Related : Uttarakhand Open University BBA201 Indian System of Business and Banking BBA Question Bank : www.pdfquestion.in/4756.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 any two (02) questions only. (2*15=30)
1. Define elasticity of demand. Explain the concept of price elasticity of demand, income elasticity of demand and cross elasticity of demand.
2. Define demand forecasting. What are the methods of demand forecasting?
3. What is meant by total cost, average cost and marginal cost? Explain the relationship between average cost and marginal cost with the help of suitable examples.
4. What is meant by perfect competition? How are the price and output determined under perfect competition?
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 any four (04) questions only. Answers of these questions must be restricted to two hundred fifty (250) words approximately. (4*5=20)
5. Briefly discuss any four (04) of the following;
5.1 Critically examine the Law of Equi-marginal Utility.
5.2 What are the various types of production costs?
5.3 Discuss the assumptions of law of variable proportions.
5.4 Explain the characteristics of monopolistic competition.
5.5 Explain oligopoly?
5.6 Discuss the criteria for market classification?
5.7 Write short notes on;
(a) Law of increasing returns (b) Production Function
5.8 Distinguish between fixed cost and variable cost.
SECTION – C
(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.
6. Fill in the blanks with appropriate words or phrases;
6.1 Decision of a consumer to buy a commodity depends upon
6.2 Price consumption curve and budget price line starts from the same point
6.3 When average product equals zero, total product is………………………
6.4 Wages paid by a firm to the labour hired are ……………….. costs.
6.5 A firm earns normal profits when price is ………………… to AC.
7. Indicate the correct answer-option;
7.1 When price of a commodity rises and outlay also rises this case is known as
a) Less than one b) More than one
c) Equal to one d) None of these
7.2 A competitive industry is in equilibrium when;
a) Demand is maximum b) Supply is maximum
c) Price is maximum d) Demand is same as supply
7.3 AR curve of a firm under monopolistic competition is;
a) Upward sloping from left to right
b) Parallel to X-axis
c) Parallel to Y-axis
Second Semester Examination-2015 :
BBA-202 Micro Economic and Banking Foundation of Business :
Time : 3 Hours
Maximum Marks : 60
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 is elasticity of demand? Give the types of price elasticity of demand and discuss the factors on which elasticity of demand depends.
2. Distinguish between large scale production and small scale production. Suggest which of the two is suitable for our country and why?
3. What is Total cost, Average cost and Marginal cost? Explain the relationship between average cost and marginal cost with the help of a table and diagram.
4. Difference between ‘perfect’ and ‘imperfect competition’. How is price determined under perfect competition in the short run?
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 any four (04) questions only. (4×5=20)
Briefly discuss any four (04) of the following :
1. Solutions to practical problems as provided by economics.
2. Relation between marginal utility and total utility.
3. Reasons for the application of the law of increasing returns.
4. Marginal Rate of Technical Substitution.
5. Kinked Demand Curve.
6. Net Profit and Gross Profit
7. Supply of loanable funds?
8. Recardian Theory of Rent.
Section – C : (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. (10×1=10)
Indicate the correct answer option in the following :
1. Exception demand curve slopes …………………… .
(a) Downward
(b) Linearly
(c) Upward
(d) Horizontal
2. Production means creation of which of the following utility?
(a) Form utility
(b) Place utility
(c) Time utility
(d) All these