Important Questions in MEFA Unit 1 1) Discuss the definitions, nature and scope of Managerial Economics.

2) Explain the methods of Demand Forecasting. Unit 2 3) Define Law of demand. Discuss its determinants and Exceptions. 4) Explain the types of Price elasticity of demand and its importance. Unit 3 5) Explain the Law of variable proportions and its assumptions. 6) Discuss the short run and long run costs curves. Unit 4 7) Explain how price is determined in Perfect competition. 8) What is Monopoly? Explain profit maximization in Monopoly. Unit 5 9) Write a note on LPG policies on Govt of India. 10) Critically examine the new industrial policies of 1991.

11) Distinguish between Sole trader and partnership.

Unit 6 12) Problem from Capital Budgeting. (ARR, IRR, PV ratio, NPV methods) 13) What are the factors which determine the requirement of Working capital? Unit 7 14) Problem from Financial accounting. ( Journal, Ledger, partnership, Balancesheet) 15) What are the advantages of Double entry Book Keeping. Unit 8 16) Discuss the different types of Ratios. ( current )