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B. Com.-Bachelor of Commerce 2nd Semester
Business Economics - II
Paper: BCM-204

Time Allowed: Three Hours] [Maximum Marks: 80

Note: - (1) There are three sections in all.

(2) Attempt any four questions from Section-A. Each question carries 4 marks.

(3) Attempt any two questions each from Section-B and Section-C; each carries 15 marks.

SECTION—A 

1. What is the difference between Real wages and Nominal wages?

 

2. Discuss the risk theory of Profit.

3. Differentiate between GNP and GDP at factor cost and market price.

4. What is full employment? Give the assumptions of Classical Theory of Employment. 

5. Discuss the concept of Effective Demand. 

6. What is Investment? Explain types of Investment.

SECTION-B 

7. Critically examine Keynesian liquidity preference theory of Interest. 

8. Critically examine the modern theory of Rent. 

9. Define National Income. Explain the different methods of measuring National Income. 

10. Explain the modern theory of Wages. How does it differ from Marginal Productivity Theory?

SECTION-C 

11. "Supply creates its own demand." Discuss and give its implications. 

12. Explain the Keynesian theory of income and employment. And also compare with the Classical theory of employment. 

13. State and explain the psychological law of consumption and bring out its implications. 

14. Define multiplier. Explain the forward and backward working of the multiplier.