B.B.A. (Banking) PRINCIPLES OF ECONOMICS

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B.B.A. (Banking) DEGREE EXAMINATION, MAY 2018.
PRINCIPLES OF ECONOMICS

Time : Three hours Maximum : 100 marks
SECTION A — (5 x 8 = 40 marks)

Answer any FIVE questions.

1. Explain the concept of optimum population.

2. Explain the law of demand.

3. Enumerate the factors affecting size of a firm.

4. Distinguish between opportunity cost and real cost.

5. Define monopoly. Explain its salient features.

6. Is price discrimination justifiable? Comment.

7. Write a short note on quasi rent.

8. Why do people hold cash? Explain.

SECTION B — (4 × 15 = 60 marks)
Answer any FOUR questions.

9. Discuss the methods of measurement of national income.

10. Critically examine the doctrine of consumer's surplus.

11. Explain in detail the internal and external economies of scale.

12. Why do SAC curves 'U' shaped and LAC curves saucer shaped? Explain.

13. Show diagrammatically the price and output determination under perfect competition.

14. ''Rent as surplus over transfer earnings'' – Discuss.

15. What is collective bargaining? Explain the essentials of good collective bargaining.

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