University Of Sargodha UOS B.COM Part 1 Past Paper Of Economics Year 2012
University of Sargodha UOS B.COM Part 1 Past Paper of Economics year 2012
UNIVERSITY OF SARGODHA
PART – I A/12
Examination: – B. Com.
Roll No. . . . . . . . . . . . .
Subject: Economics TIME ALLOWED: 3 hrs.
PAPER: BC-303 MAX. MARKS: 100
Attempt any FIVE questions. All questions carry equal marks.
Q. 1. Which definition of economics do you prefer most and why?
Q. 2. Explain and illustrate “Law of Equi-Marginal Utility”?
Q. 3. What is meant by market price? How is it determined? Explain it?
Q. 4. Explain and illustrate the short period equilibrium of a firm under perfect competition.
Q. 5. What is circular flow of National Income? Explain with the help of diagram?
Q. 6. Explain the principles (cannons) of taxation?
Q. 7. What is Zakat? Explain the advantages of Zakat?
Q. 8. Given TR = 12Q – Q2
Find: i. AR function
ii. MR function
iii. Slope of AR function
iv. Slope of MR function
Q. 9. Give short answers of the following:
(i) Production of Wealth (ii) Elasticity of demand
(iii) Indifference Curve (iv) Fixed Costs
(v) Variable Costs (vi) Industry
(vii) Monopoly (viii) Interest
(ix) Proportional Tax (x) Parameter