MEFA SEMESETER EXAMS IMPORTANT QUESTIONS

(UNIT – 1) : INTRODUCTION TO BUSINESS AND ECONOMICS

1. Explain the sole trader advantages and disadvantages?

2. Explain the Partnership firm advantages and disadvantages?
3. Explain its nature and scope of Business Economics?
4. What are the different sources of raising capital for a company?
5. Explain the different measurements & Importance of National Income?

(UNIT – 2): DEMAND AND SUPPLY ANALYSIS

1. Explain the different types of Elasticity of Demand?

2. Explain the Law of Demand with Exceptions?
3. What are the different methods of Demand Forecasting?
4. Explain in detail about the Supply function?

(UNIT – 3) PRODUCTION COST MARKET STRUCTURE AND PRICING

1. Define Production? Explain the Production function?

2. Explain the Law of Variable proportion?/ production function with one variable input?
3. What is Economies of Scale ? Explain in detail about Internal and External economies
of scale?
4. What is Perfect Competition? Explain the features of Perfect Competition?
5. Define Pricing? Explain the different types of Pricing?
6. What is Break Even analysis? Discuss its assumptions, significance , Advantages
and limitations?
7. From the following information, Calculate
(i) BEP point in rupees
(ii) Fixed Cost
(iii) P/ V ratio
(iv) Margin of Safety

YEARS 2009 2010

Sales 3,00,000 4,00,000

Profit 40,000 60,000

8. If sales are 10,000 units and selling price is Rs. 20 per unit, variable cost is Rs.10 per
unit and fixed cost is Rs. 80,000. Find out BEP in units and Sales revenue. What is
profit earned? What should be the sales for earning a profit of Rs.60,000?
 ( UNIT – 4) FINANCIAL ACCOUNTING
1. Explain in detail about the various Accounting Concepts & Conventions?
2. Explain the different types of Accounting rules with examples?
3. What do you mean by Double Entry book keeping system? Explain its advantages?
4. Journalize the following transactions
2016
April 1 X brought capital into the business 20,000
April 3 Purchased Furniture for cash 4,000
April 5 Purchased goods from M 10,000
April 10 Sold goods to N on credit 8,000
April 15 cash Sales 5,000
April 20 cash paid to M 3,000
April 22 Salaries paid 20,000
April 25 commission Received 7,000
April 27 Goods returned to M 1,000
5. Explain in detail about the final accounts?
(or)
Explain the Trading Account, Profit & Loss Account and Balance Sheet ?
6. Final accounts problem with adjustments?
Prepare final accounts from the following information.
 UNIT – V FINANCIAL ANALYSIS THROUGH RATIOS

(1) Define Ratio Analysis? Explain its Advantages / significance of ratio analysis and its
Limitations?
(2)
NOTE : Read few more extra questions All the best for your
exams.