Important Questions for Principle of Economics (BC-303)   

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Principle of ECONOMICS (BC – 303)

                        IMPORTANT QUESTIONS                         

FOR B. COM. PART 1

  1. Explain the Law of Diminishing Marginal utility with the help of schedule and diagram.
  2. Explain the Law of Equi. Marginal Utility with the help of Schedule and Diagram?
  3. Explain the Consumer’s Equilibrium through Indifference Curve Analysis.
  4. What is Indifference Curve? Discuss the Major Properties?
  5. Define Elasticity of Demand. How it can be measured?
  6. What is monopoly? How is price and output determined under monopoly?
  7. Discuss in detail the Liquidity Preference Theory of Interest?
  8. Cost of Production and Partial Derivatives from Mathematical Economics.
  9. What are the Various Types of Elasticity of Demand? Explain with mathematical examples.
  10. Explain the law of Variable proportion with the help of Schedule and Diagram
  11. Explain the Law of Diminishing (marginal) Return with the help of Schedule and Diagram?
  12. Explain the Law of Increasing  Return with the help of Schedule and Diagram?
  13. Explain and Illustrate the Cost Curves of the firm in the Short Run and Long Run?
  14. Define Monopolistic Competition. How Price and Output is Determined under Monopolistic Competition?
  15. Define Perfect competition. How Price and Output is Determined Under Monopoly?
  16. Explain the Marginal Productivity Theory with its Criticism?
  17. Critically Examine the Ricardian Theory of Rent?
  18. Define National Income and Discuss the Various Concepts of National Income?
  19. Define National Income and explain various methods of its Measurement?
  20. Discuss Various Types and Canons of Taxation?
  21. Differentiate between Zakat and Tax? Also discuss the impact of Zakat.
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