7/22/2019 Economics | B.com Part 1 Important Questions for Annual 2014 Prepration | Jahanz

1/1

Global Commerce AcademyAl-najf Colony, Ghosia Bazaar, Dhudiwala, Faisalabad

Prof. Muhammad Nawaz (M.A Economics) Prof. Mian Safdar(MBA)

0300-7947703 0345-7702434

Economics BC-303

Ahmad Nawaz www.jahanz.com

Q 1 Distinguish between Micro and Macro Economics and explain their importance.

Q 2 State and explain the Law of Equi-Marginal Utility with the help of a diagram and schedule.

Q 3 Define an I.C. State and prove the main properties of I.C. with the help of diagrams.

Q 4 Define Price Elasticity of Demand. Describe the methods to measure Price Elasticity of Demand.

Q.5 What is Perfect Competition. how is the price and output determinedunder Perfect Competition.

Q 6 What is Monopolistic Competition, how is Price and output determind under Monopolistic

Competition.

Q 7 Critically examine the liquidity preference Theory of Interest.

Q 8 State, explain and criticize Ricardian Theory of Rent.

Q 9 Explain the different methods of measurement of National Income. Point out the dificulties in its

correct measurment.

Q 10 What is the role of state in Islam.

Q 11 Define Direct and Indirect Taxes. Give examples and examine their comparative advantages and

disadvantages.

Q 12 Discuss various canons of taxation.

Q 13 Derivatives ( cost and revenue functions and optimization)

These are important questions for annual 2014 and may be changed/ updated near to examination.

Wish you good luck.