CS/BBA (H)/BIRM/BSCM/SEM-1/BBA-104/2012-13
2012
ECONOMICS – I
Time Allotted : 3 Hours Full Marks : 70
The figures in the margin indicate full marks.
Candidates are required to give their answers in their own words
as far as practicable.
GROUP – A
( Multiple Choice Type Questions )
1. Choose the correct alternatives for any ten of the following :
10 × 1 = 10
i) The income elasticity of demand for the normal goods is
always
a) Positive b) Negative
c) Zero d) None of these.
ii) q being total output, the AP of input x1 is
a) dq/dx1 b) q/x1
c) q-x1 d) None of these.
iii) The MRTSL,K is defined as
a) ratio of the two MPs of L and K
b) ratio of the two APs of L and K
c) ratio of the two TPs of L and K
d) None of these.
iv) For an elastic demand curve price elasticity of demand
is
a) greater than unity b) less than unity
c) equal to unity d) None of these.
v) If the inputs of a firm are increased by 5%, output
increases by 10%. the production function of the firm
exhibits
a) CRS b) DRS
c) IRS d) None of these.
vi) When the price of substiture goods raises the demand
for the other substitute also
a) Rises b) Falls
c) Remain same d) None of these