Dr. N.G.P.

ARTS AND SCIENCE COLLEGE

UG DEGREE EXAMINATION - NOVEMBER 2020
CONTINUOUS ASSESSMENT TEST – I
SEMESTER -I
SUBJECT: BUSINESS ECONOMICS
SUBJECT CODE: 195CM1A3IA
DEGREE: B.COM BRANCH: PROFESSIONAL
ACCOUNTING
TIME: 02.00 HOURS MAXIMUM MARKS: 50

PART – A (6 X 2 = 12 Marks)
Answer All the Question: Each Question carries 2 Marks
1. What is the definition & meaning of Business Economics?
2. Write a short note on cross elasticity of demand.
3. Mention five features of demand.
4. What is mean by supply?
5. Describe the kind of elasticity of demand.
6. List out the importance of Business Economics.
PART – B (3 X 6= 18 Marks)
Answer All the Question: Each Question carries 6 Marks
7 (a). Define the term cost and explain its types.

(b) Explain about the relationship between price and demand. (OR)

8 (a). Describe the Law of demand and demand curves?

(b) Explain Decision making in business. (OR)

9 (a). Write a short note on factors of production.

(b) Explain the factors influencing supply. (OR)

PART – C (2 X 10= 20 Marks)

Answer All the Question: Each Question carries 10 Marks
10 (a). Elucidate the price elasticity of demand with suitable diagram. (OR)

(b).Describe Demand and what are the Determinates of Demand.

11 (a). Explain the elasticity of supply and its types. (OR)

(b). Explain Micro and Macro Economics.