Most Important Questions for Final Exam, (Unit Wise)

MEFA UNIT-I
1. Define Managerial Economics. Explain its Nature And Scope. What is Managerial Economics? Explain its focus
areas.
2. Point out the importance of Managerial Economics in decision
making.
3. Explain the role of a Managerial Economist in a Business
Firm.
4. Define ‘Demand’ and explain the factors that influence the demand of a
product.
5. State the ‘Law of Demand’. What are the various factors that determine the demand for a Mobile
6. Explain the various factors that influence the demand for
Phone? UNIT-II
computer.
1. What is meant by ‘Elasticity of Demand’? How do you measure it? (very
2. A)What is cross Elasticity of Demand?
Imp)
Explain
B) Explain the concept of Cross Elasticity of Demand. Illustrate your answer with
Examples.
3. Why does the Law of Diminishing Returns operate? Explain with the help of assumed data and also represent in a
4. What are the needs for Demand Forecasting? Explain the various steps involved in demand
diagram.
forecasting. UNIT-III
1. Define production Function. Discuss in detail the different types of production
functions.
2. Explain the following with reference to production
function 1) Marginal Rate of Technical Substitution (MRTS) 2) Variable Proportions of
Factors. Explain any five important cost concepts useful for managerial
3. Define ‘Cost’. How are costs classified?
decisions.
4. Discuss the role and importance of cost analysis in managerial
decisions.
5. a) State and explain Break-Even analysis and explain its
importance.
b) What are its limitations? Use suitable
diagrams. UNIT-IV
1. a) Define Market and explain how markets are
classified?
b) What are the important features in Market
2. structure?
a) What is perfect competition? What are its features? How is market price determined under conditions of Perfect
Market
Competition
3. ?a) Explain the features of Monopoly.b) How can a Monopolist attain equilibrium position under conditions of
monopoly?
4. Compare and contrast between Perfect competition and
5. What are the causes for the emergence of
Monopoly. UNIT-V
1. a)Monopoly?
What are the different types of Business
organizations?
b) What are the features of Sole trading form of
2. a) Organization?
What are the characteristics of a Business
Unit?b) What are the characteristic features of a sole trader form of
3. a) organization?
What are the salient features Partnership
firm b) What are the advantages and limitations of partnership
4. a) firm?
What do you mean by Joint Stock Company? What are the salient
features?
b) Describe the advantages and disadvantages of Joint Stock
5. Companies?
Distinguish between the Joint Stock Company and
6. Partnership.
What are the objectives behind starting public sector enterprises in the country? To what extent have they fulfilled these
7. objectives? UNIT-VI
1. What are the components of Working capital? Explain each of
them.
2. a) What is the important of
capital?
b) What factors determine the working capital requirements of
3. a)company?
What is the importance of Capital
budgeting?
b) How do the discounting models differ from non-discounting
models?the right procedure for Capital Budgeting
4. Explain
5. What are the merits and limitations of Pay Back Period? How does Discounting approach overcome the limitations of Pay
decision
back
method
6. ?What do you understand by time value of money? How is it helpful in Capital UNIT-VII
1. Budgeting?
Give a brief account on the important records of Accounting under Double Entry System and discuss briefly the scope of
each?
Objective of
bookkeeping
2. Explain the purpose of preparing the following accounts/statements and also elaborate the various items that appear in each of
them. Account b) Profit & Loss Account
a) Trading c) Balance
Sheet3. Explain the following concepts and illustrate their treatment with imaginary
data. a) Depreciation b) Prepaid expenses c) Reserve for bad and Doubtful debts d) Income received in
advance
4. Explain the following adjustments and illustrate suitably with assumed
data. a) Closing stock b) Outstanding expenses c) Prepaid Income d) Bad
5. (a)debts
Define the concepts ‘Accounting’, Financial Accounting and Accounting
System’.
(b) Explain the main objective s of Accounting and its important
functions.
6. What is three columnar cash book? What is Contra Entry?
Illustrate
7. What do you understand by Double Entry Book Keeping? What are its
advantages?
8. What is Trial Balance? Why it is
prepared? UNIT-VIII
1. Discuss the importance of Ratio Analysis for inter firm and intra-firm comparison, including circumstances responsible
for its
limitation
s,
2. How are ratios classified for the purpose of financial analysis? With assumed data, illustrate any two types of ratios under
each
categor
y a brief note on the importance of ratio analysis to different category of
3. Write
users.
4. What are the limitations of Ratio Analysis? Does ratio analysis really measure the financial performance of a
company?
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