B.B College, Asansol Unit Test 2012 BUSINESS ECONOMTCS(1.

3) Full Marks -40 Time 1hour 30min

Answer any eight questions from Group A and any two from Group B GroupA. a)what is market? b)What is barter system? c)What is derived demand? d)What is Monopoly? e)What do you know about central bank? f)what is productivity,? g)What is income elasticity of demand? h)What do you know about cross elasticity of demand? i)What is perfect competition? J)What is joint demand ? K)What is demand forecasting? L)What is macro economics? Group-B 2).What is Demand.? Explain the law of demand.? What do you know about price Elasticity of demand? What are the exception to the law of demand? 3.Answer any four of the following short notes, A,Mix Economy b)Marginal Utility C)Veblen Effect D)Giffen Paradox E)Marginal Utility F)National Income. G)Socialism H)Production FunctionI)Cradit creation. 4)What is Money?. What are the functions of muney?, what do you know about development of money.? 5)What is bank.? Write down the various types of banks?. Explain the functions of commercial banks?