BEFA Unit wise Short & Long questions

 

UNIT-1

Long Questions

1.    Explain the Nature & Scope of Managerial/Business Economics?

2.    Define Demand/Law of demand? Explain its Determinants (Examples, Schedule & Diagram are Mandatory)

3.    Discuss the Exceptions/Exemptions of Law of Demand

4.    Explain various types of Elasticity of Demand (Also known as Price Elasticity of demand(Diagrams are Mandatory to show and Examples)

5.    Explain the Demand forecasting Techniques (Examples are mandatory)

Short questions

1.    Giffen Paradox

2.    Speculation effect

3.    Unitary Elasticity of Demand

4.    Demand Function

5.    Demand schedule

6.    Expert opinion Method/Delphi Method or Technique

 

UNIT-2

 

1.    Explain ISOQUANT & ISOCOST (schedule & Diagram are Mandatory)

2.    Discuss the law of variable proportion (schedule & Diagram are Mandatory)

3.    Describe the Law of Returns to scale (schedule & Diagram are Mandatory)

4.    Explain various types of cost using examples (schedule & Diagram are Mandatory)

5.    Discuss the BEP Concept using graphical method (Include Assumptions, Schedule & Diagram)

Short questions

1.    Production Function

2.    List out Factors of Production

3.    List out Internal & External economies of scale

4.    Angle of Incidence

5.    BEP

 

Numeric Part

1. Breakeven point calculation (Units, Value, Percentage, P/V Ratio, Desired Profit & Margin of safety)

UNIT-3

Long Questions

1.    Define Market, Explain classification of market (Examples are mandatory)

2.    Explain the Characteristics/Features of Perfect or Pure competitive market (Diagram & Examples)

3.    Explain the Characteristics/Features of Monopoly market (Diagram & Examples)

4.    Explain the Characteristics/Features of Monopolistic competitive market (Diagram & Examples)

5.    Discuss various types of pricing methods/strategies (Examples are Mandatory)

Short questions

1.    Price discrimination

2.    Price=AR=MR

3.    Oligopoly market

4.    Direct cost vs. Indirect cost

5.    Opportunity cost

6.    Explicit cost vs. Implicit cost

UNIT-4

Long Questions

1.    Explain the Principles of Accounting(Accounting concepts & conventions)

2.    Discuss the advantages of Double entry system of accounting

3.    Explain various types of Accounts (Golden Rule of Accounting)

4.    Explain the Accounting process (Use Accounting cycle)

 

Short questions

1.    Book keeping

2.    Double Entry system of Accounting

3.    Business Entity concept

4.    Accounting Equation (Asset =Liabilities + Capital)

5.    Accounting cycle

6.    Trial balance

7.    Format for Journal & Ledger Books

 

 

Numeric Part

1.    Journal Entries (Business Transactions will be given, using Format & Golden rules need to write the Journal Entries)

UNIT-5

Long Questions

1.    Explain the step by step procedure for the preparation of Final Accounts

2.    Sketch the Pro forms or Formats for Trading A/c, Profit & Loss A/c & Balances-sheet

3.    Discuss various adjustments with treatment

 

Short questions

 

1.    Outstanding salaries

2.    List out Assets

3.    List out Liabilities

4.    List out direct expenses

5.    List out Indirect expenses

Numeric Part

 

1.    Final Accounts (From the following Trial Balance Prepare Trading A/c, Profit & Loss A/c & Balances-sheet

 

UNIT-6

Long Questions

1.    Explain significance of Ratios (Financial Ratios)

2.    Discuss various Advantages & Limitations of Ratios

4.    Write various Types of Ratios & Formulas

Short questions

1.    Current Ratio

2.    List out Current Assets

3.    List out current Liabilities

4.    List out long-term debts

5.    Debt Vs. Equity

Numeric Part

1.    Ratio analysis (Liquidity, Solvency , Activity/Turnover & Profitability Ratios)

----------------It is Mandatory to study company’s Balance sheet before solve the above sums

For Ratio analysis it is mandatory to write the Interpretation or Comment