Download JNTU-Hyderabad MBA 1st Sem R17 2018 July 741AB Business Economics Question Paper

Code No: 741AB

JAWAHARLAL NEHRU TECHNOLOGICAL UNIVERSITY HYDERABAD

MBA I Semester Examinations, June/July-2018

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BUSINESS ECONOMICS

Time: 3 hours

Max.Marks:75

Note: This question paper contains two parts A and B.

Part A is compulsory which carries 25 marks. Answer all questions in Part A.

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Part B consists of 5 Units. Answer any one full question from each unit. Each question carries 10 marks and may have a, b, c as sub questions.

PART - A 5×5 Marks = 25

1. a) Describe the role of a managerial economist in an industrial unit. [5]
2. b) Explain the determinants of demand. [5]
3. c) Describe the relationship between Isoquants and Isocosts. [5]

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4. d) Examine the salient features of Monopoly. [5]
5. e) What is Fiscal Policy? And explain its significance. [5]

PART - B 5 × 10 Marks = 50

2. a) Define Business Economics and explain its Nature and Scope.
   b) Explain the salient features of ‘Business Decision Making Process'. [5+5]
   

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   OR
3. a) What is Incremental Value? Explain its significance in Business Economics.
   b) Define discounting principle and explain its salient features. [5+5]

4. a) What is demand? And explain the law of demand and its limitations.
   b) Explain different types of elasticity and significance of elasticity of demand. [5+5]
   

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   OR
5. Describe the need for demand forecasting and explain 'Opinion Survey' method of demand forecasting. [10]

6. a) What is Production function? And explain the significance of Marginal Rate of Technical Substitution.
   b) Describe the salient features of 'Economics of Scale'. [5+5]
   OR

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7. a) What is 'Long-run Average Cost Curve'? And explain its importance.
   b) Explain the importance of cost concepts in the Business Economics and outline the determinants of costs. [5+5]

8. a) Explain the price-output determination in Monopolistic Competition.
   b) Why Oligopoly type of market emerged? And describe its salient features. [5+5]
   OR

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9. a) Briefly explain any three Pricing Strategies.
   b) What is Product Life Cycle? And explain its significance in price fixation. [5+5]

10. a) What are the reasons behind the 1991 industrial policy resolution? And explain its main features.
    b) What is Monetary Policy? And explain its significance. [5+5]
    OR

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11. a) Why Export-Import Policy is important for a country's economic development.
    b) What is F D I? And explain its contribution in India's economic development. [5+5]

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