- JOSEPHS COLLEGE OF COMMERCE (AUTONOMOUS)
END SEMESTER EXAMINATION – MARCH / APRIL 2014
BCOM – II SEMESTER
BUSINESS ECONOMICS – II
Duration: 3 Hours Max. Marks: 100
SECTION – A
- I) Answer ALL the questions. Each carries 2 marks. (2 x 10 =20)
- Define a Market.
- What do you understand by the term oligopoly?
- Explain the concept of price leadership?
- What is dual pricing?
- State any 2 characteristics of Business cycles.
- Mention the components of capital account?
- Give the meaning for the term ‘ Exchange Depreciation’?
- What are the major reasons for BOP crisis in 1990?
- Name any two countries with highest foreign direct investments/destination.
- Differentiate between Balance of payments and Balance of trade.
SECTION – B
- II) Answer any FOUR Each carries 5 marks. (4×5=20)
- Define monopolistic competition. Discuss the various important features of monopolistic competition.
- What is marginal cost pricing? State its advantages & disadvantages?
- Explain non-monetary measures to correct disequilibrium in BOP.
- What do you understand by the term foreign aid? Explain briefly the advantages of foreign aid in India.
- Discuss the various causes of business cycles.
- Explain the cost push and demand pull inflation.
SECTION – C
III) Answer any THREE questions. Each carries 15 marks. (3×15=45)
- Define monopoly? Explain how equilibrium is determined under monopoly with the help of relevant diagrams.
- What is the meaning of pricing? Explain any four methods of pricing.
- Define Multi-National Corporations. Explain the merits & demerits of Multi National Companies’.
- Discuss the salient features of the Exim policy of 2002-07.
- Explain the quantitative credit control methods of the monetary policy?
SECTION – D
- IV) Case study- Compulsory questions. (15 marks)
- A leading theatre has two types of patrons: College students & seniors citizens. The college students will witness the play if the price is Rs.200 or less. And senior citizens will witness the show if the price is 100 or less. The total theatre capacity is 500 & cost for each show is same. If the organizer wants to maximises his profits by following price discrimination policy. Find his profits and suggest strategies.
Questions:
- a) If they are 50 students & 30 seniors citizens find the profit when
(i) The theatre charges uniform price Rs.100
(ii) Rs.200 or
(iii) If the theatre resorts to price discrimination by charging Rs.200 for students & Rs.100 for senior citizen. What are the effects of price discrimination?
- b) If the theatre does not resort to price discrimination. Instead why should it not charge a price?
(i) Less than 100
(ii) Price between 100 to 200
(iii) Price greater than 200
- c) If the theatre further wants to maximise its profits what are the alternative price discriminating strategy should it adopt to attract both the groups?
(5+5+5)
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