SKACAS 2020

Roll No:
SRI KRISHNA ADITHYA
COLLEGE OF ARTS AND SCIENCE
KOVAIPUDUR, COIMBATORE – 641042
Department of Commerce
Continuous Internal Assessment I - January 2020
Class: I B.Com. A & B
Semester: II Subject Title: Economic Analysis
I B.Com. AF - A&B
Date & Session: Time Duration: 2 Hrs
Max. Marks: 50 Marks No. of Pages : 2
Section – A
Answer All Questions (10 x 1=10 Marks)
1 The primary objective of a business firm is
A Welfare maximization C Profit maximization
B Sales maximization D Satisfaction maximization

2 3. When E>1, the demand is said to be

A Perfectly inelastic C Inelastic
B Perfectly elastic D Elastic

3 Elasticity of demand refers to

Change in demand due to change in Change in taste due to change in price
A C
price
Change in income due to change in Change in profit due to change in
B D
price demand

4 Production is ________ of utilities.

A Destruction C Distribution
B Creation D None

5 Who is called the father of Economics?

A David Ricardo C J M Keynes
B Adam Smith D Alfred Marshall

6 The basic problems of an economy is (are)

A What to produce? C For whom to produce?
B How to produce? D All the above.

7 The cardinal approach of measurement of utility was given by

A Classical economists C Modern economists
B Neo-classical economists D None of the above

8 ________________ is a form of social responsibility.

Building hospitals and charitable
A C Parks and roads
dispensaries
B Libraries and schools D All the above

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9 Macroeconomics is also known as

A Income theory C Profit theory
B Micro economics D None of these

The doctrine ‘Conspicuous Consumption’ which states ‘some goods are purchased not for
10
their intrinsic worth but for their prestige value is
A Veblen effect C Speculative effect
B Giffen effect D None of the above

Section B
Answer All questions (4 x 5 = 20)
11 A Write the nature and scope of Economics.
OR
B Write a note on equi-marginal utility.

12 A List out some properties of indifference curves.

OR
B Describe the traditional approach to economic analysis.

13 A Write about the factors that influence demand.

OR
B What are the different types of demand?

14 A Explain law of demand.

OR
B Bring out some exceptions of Law of Demand.

Section C
Answer All questions (2 x 10 = 20)
15 A Discuss the Law of Diminishing Marginal Utility.
OR
B What are the objectives of business firms?

16 A Explain price elasticity of demand with illustrations.

OR
B Explain consumer surplus in detail.
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Staff-in-charge HoD

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