ECO – 01 Important Question

 ECO – 01 BUSINESS ORGANIZATION (BCA) Important Question

  1. Define the term ‘business’ and state its essential features.
  2. How is it different from the profession?
  3. What are the requisite features of the ideal form of business organization?
  4. Distinguish between ‘Entrepreneur ’ and ‘Promoter’.
  5. What do you mean by the cooperative form of organization? Explain its merits and limitations.

  6. What is a stock exchange? Explain the factors affecting prices in a stock exchange.
  7. How does advertisement differ from publicity?
  8. What is the advertisement and objective of advertising?
  9. Define ‘Advertisement Media’. State its different types and the requisites of an ideal medium.
  10. Channel of distribution used for industrial goods?
  11. Discuss the various function performed by wholesalers.
  12. What is the difference between Overdraft and Cash credit?
  13. What are Pledge and Hypotheciation?
  14. Explain the term Life Insurance and Fire Insurance.
  15. What do you mean by risk management? Describe briefly the insurance risks and the non-insurable risks.
  16. All business risks are not insurable.” In light of this statement, explain insurable risks.
  17. Explain the choice of mode of transport.
  18. What are the essentials of a sound transport system?
  19. What is a public enterprise? State the features and objectives of a public enterprise.
  20. What is a public corporation?
  21. What is a Government company?
  22. Define Public Utility Undertaking.
  23. Enumerate the broad aspects of price policy followed by public utilities.
  24. What is scarcity, and how does it impact economic decision-making?
  25. How do supply and demand determine market prices and quantities?
  26. What is the role of government in regulating markets?
  27. What is the concept of elasticity, and how does it affect the behaviour of buyers and sellers?

  28. How do firms make production and pricing decisions in different market structures such as perfect competition, monopoly, oligopoly, and monopolistic competition?
  29. What are the key macroeconomic variables, such as GDP, inflation, and unemployment, and how are they measured?
  30. What are the causes and consequences of business cycles, including recessions and expansions?
  31. What are the different theories of economic growth, and what are the key drivers of long-run economic growth?
  32. What is the role of monetary and fiscal policy in stabilizing the economy, and what are their limitations?
  33. How do international trade and finance affect the economy, and what are the benefits and costs of globalization?
  34. What is the difference between nominal and real GDP, and why is it important?
  35. How do changes in monetary policy, such as interest rate adjustments, affect aggregate demand and inflation?
  36. What is the role of the government in stabilizing the economy during a recession?
  37. What are the costs and benefits of inflation, and what are the critical determinants of its level?
  38. How do changes in exchange rates affect the balance of trade and the domestic economy?
  39. How do changes in production costs, such as labour or raw material prices, affect a firm’s supply curve?
  40. What are the different types of market failure, and how do they arise?

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