Important Questions for SEM-I BBA

Question Bank for POE subject

* suggests the v.imp questions, so please read these questions first than other.

1.       *Explain the Prof. Robbins scarcity oriented definition of economics in detail. 7-9

2.       Explain the various definitions of economics. ( remember any 3 definitions)chapter-1

3.       *Explain the nature of economics in detail. Also explain the scope of economics 12-16

4.       Write short notes: - *Free goods & Economics goods 22

-         *Production possibility curve  27-28

-          Value & Price  28-30

-          Want & Demand  25

5.       *Describe the meaning of free economy & explain the features of its in detail. 41-45

6.       Write a note on limitations of free economy. 46-47

7.       *Describe the meaning of the planned economy & also explain its features. 47-48

8.       Write a short note limitations of the planned economy 50-51

9.       *Describe the meaning of the mixed economy & also explain its features in detail.  51-53

10.   Write a brief note on limitations of mixed economy  54-55

11.   *What is demand? Also describe the Law of demand with diagram.   61-62

12.     *Explain the determinants of demand in detail.  58-59

13.   Write a note on Extension & contraction of demand & Increase & decrease in demand with diagram.  66-67

14.   Describe the Exceptions to the law of demand & also write assumptions of the law of demand.  64-65

15.   Write a note on usefulness of the law of demand. 67-69

16.   What is utility? Explain the total utility & Marginal utility. 71-73

17.   *Explain the law of diminishing marginal utility in detail. 73-79

18.   Write a detail note on law of demand derived from the law of diminishing marginal utility. 84-85

19.   Write a short note on consumer’s surplus. 88-90

20.   * What is supply? Explain the law of supply with diagram. 94-95

21.   Explain the determinants of supply in detail. 96-97

22.   Write a short note on extension & contraction of supply & increase & decrease in supply with diagram. 97-99

23.   Write a brief note on exceptions to the law of supply. 95-96

24.   Write a brief note on joint supply & composite supply. 99-100

25.   *Explain the price determinants by demand & supply with diagram in detail. 100-103

26.   What is market? Also write a note on classifications of markets.  110-112

27.   *Explain the meaning & features of perfect competition on detail.  112-114

28.   *Explain the meaning & features of monopoly in detail.   115-116

29.   Explain the concept of monopolist’s economy & also write its features.  116-120

30.    *Explain the meaning of oligopoly? Also write its features in detail.  120-122

31.   Explain the theory of marginal productivity theory of distribution in detail.  126-129

32.   *What is rent? Also explain the types of economic rent.  141-143

33.   Write a brief note on quasi-rent. 143-144

34.   *What is wage? Also write a concept of time wages & piece wages & money wages & real wage.  147-148

35.   *Write a note on factors affecting the real wages.  148-150

36.   What is interest? Explain the concept of gross interest & net interest. 150-151

37.   *What is profit? Also explain the concept of gross profit & net profit. 154-155

38.   Explain the following theories of profits as follows-

1) *Innovation theory of profit 157

2) Uncertainty- bearing theory of profit   158 3) Risk- bearing theory of profit   159

          

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