Important Questions/Guess paper of Economics for B. Com. 1 (2012)

Posted by : Ahsan Khan Wednesday, 15 February 2012

ECONOMICS (BC - 303)

IMPORTANT QUESTIONS FOR B. COM. PART 1

(Secession 2011 - 12)

By: Ahsan Khan (Lecturer) (0300-8046243) (ahsankhaneco@yahoo.com) (www.ahsankhaneco.blogspot.com)

SR. #	QUESTIONS	PAGE #
01	Explain the Law of Diminishing Marginal utility with the help of schedule and diagram.	27
02	Explain the Consumer’s Equilibrium through Indifference Curve Analysis.	46
03	Define Elasticity of Demand. How it can be measured?	65
04	Explain the law of Variable proportion with the help of Schedule and Diagram.	105
05	What is monopoly? How is price and output determined under monopoly?	145
06	Discuss in detail the Liquidity Preference Theory of Interest?	165
07	Define National Income and explain various methods of its Measurement?	182
08	Cost of Production and Partial Derivatives from Mathematical Economics.	230,255
09	Explain the Law of Equi. Marginal Utility with the help of Schedule and Diagram?	31
10	What is Indifference Curve? Discuss the Major Properties?	39
11	What are the Various Types of Elasticity of Demand? Explain with mathematical examples.	70
12	Explain the Law of Diminishing (marginal) Return with the help of Schedule and Diagram?	108
13	Explain and Illustrate the Cost Curves of the firm in the Short Run and Long Run?	127
14	Define Monopolistic Competition. How Price and Output is Determined under Monopolistic Competition?	150
15	Define Perfect competition. How Price and Output is Determined Under Monopoly?	139
16	Explain the Marginal Productivity Theory with its Criticism?	163
17	Critically Examine the Ricardian Theory of Rent?	169
18	Define National Income and Discuss the Various Concepts of National Income?	179
19	Discuss Various Types and Canons of Taxation?	202,205
20	Differentiate between Zakat and Tax? Also discuss the impact of Zakat.	219,222