MAHARANA PRATAP ENGINEERING COLLEGE

KOTHI MANDHANA, KANPUR

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1 MID. SEMESTER EXAMINATION
SUBJECT CODE : BCAS204
SUBJECT NAME: BUSINESS ECONOMICS
YEAR: BCA II
TIME: 1.30 Hrs MM:50

SECTION-A

Q-1 Attempt all questions. Each question carries equal marks.

Words limit- 100 words only (5X6=30)

A. Write down the determinants of demand.

B. Define demand curve & demand schedule.
C. Differentiate between Micro & Macro economics.
D. What do you understand by substitute , complementary & inferior
Goods ?
E. Scarcity & choices are the essence of economics. Explain.
F. Write down the wealth & material definition of economics.

SECTION-B

Words limit- 200 words only. (10X2=20)

Q-2 Explain law of demand. Why demand curve slopes downward?

Q-3 What do you understand by price mechanism. Explain how it works with
proper diagram.