SRI SUNFLOWER COLLGE OF ENGINEERING & TECHNOLOGY
Most Important Questions for Final Exam, MEFA (Unit Wise)
UNIT-I
1. Define Managerial Economics? Explain its Nature And Scope?
2. Define Managerial Economics? Explain the managerial economics relationship
with other disciplines?
3. Explain the role of a Managerial Economist in a Business Firm?
4. Define ‘Demand’? Explain the factors or determinants that influence the demand
of a product.
5. Define Demand? Explain the different types or distinctions of demand?
6. State the ‘Law of Demand’? Explain why the demand curve slopes downwards
from left to right with the help of Demand Schedule and Demand Curve?
7. Define Law of Demand? Explain the exceptions to the law of demand?
8. What is meant by ‘Elasticity of Demand’? How do you measure it or Methods of
measuring the Elasticity of Demand?
9. What is meant elasticity of demand? Explain the different types of elasticity of
demand?
10. What are the needs for Demand Forecasting? Explain the various steps involved
in demand forecasting.
11. Define Demand Forecasting? Explain the different Methods or Techniques for
forecasting the demand for existing and for new products?
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UNIT-II
Define Production Function? Discuss in detail the different types of production
functions?
Define Isoquant? Explain the properties of Isoquants?
Explain the Concept of Law of variable proportions or Law of Diminishing
Returns?
Define Economies of Scale? Explain the types of Economies of Scale?
Define ‘Cost’? Explain the various types of costs or cost concepts?
Define Break-Even analysis? Explain its importance?
Define Break Even Analysis? Explain its Assumptions and Limitations with the help
of Break Even Chart?
UNIT-III
Define Market? Explain how markets are classified?
What is perfect competition? Explain its features and how price and output
determined under conditions of Perfect Competition?
Define Monopoly? Explain the features of Monopoly and how price and output
determined under conditions of Monopoly?
What is Monopolistic Competition? Explain the features and how price and
output determined under conditions of Monopolistic Competition?
Define Oligopoly? Explain the features and how price and output determined
under conditions of Oligopoly?
Explain the Marris Managerial Theory of Firm Growth Maximization Model?
Explain the Williamson’s Managerial Discretionary Theory?
Define pricing? Explain the different methods of pricing and Internet pricing
models?
UNIT-IV
1. Define Sole Proprietorship? What are its features, advantages and
disadvantages?
2. Define Partnership? What are the salient features, advantages and
disadvantages Partnership firm?
3. Explain Different kinds of partners?
4. Define Partnership Deed? Explain its Contents?
5. What do you mean by Joint Stock Company? What are the salient features,
advantages and disadvantages of Joint Stock Company/?
6. Explain the two important documents needed in the Formation of Joint Stock
Company? (Memorandum of Association and Articles of Association)
7. What are the different types of companies? (Private limited company and Public
limited company)
8. Define Public Enterprise? Explain the various forms of Public Enterprises?
9. Define Business Cycles? Explain its features?
10. Define Business Cycles? Explain the phases of Business Cycles?
UNIT-V
1. Define Accounting? Explain the objectives, process and functions of accounting?
2. Explain the purpose of preparing the following accounts/statements and also
elaborate the various items that appear in each of them.
a) Trading Account
b) Profit & Loss Account
c) Balance Sheet
3. Explain the following adjustments and illustrate suitably with assumed data.
a) Depreciation b) Prepaid expenses c) Reserve for bad and Doubtful debts
d) Income received in advance e) Closing stock f) outstanding expenses
g) Prepaid Income h) Bad debts
4. What do you understand by Double Entry Book Keeping? How it differs from
single entry book keeping?
5. What is Trial Balance? Explain the method of its preparation?
6. Define Journal? Explain the method of its preparation?
7. Explain the meaning of the ‘Analysis of Financial Statements’. Discuss briefly the
different type of analysis.
8. Define Ratio Analysis? Explain its need, importance and limitations?
9. Define Ratios? Explain the different types of ratios under each category?
UNIT-VI
1. Define Capital? Explain the different types of capital?
2. What is meant by capital? Explain the Methods of raising finance and sources of
finance?
3. Define Capital budgeting? Explain the different methods (Traditional and
Modern Methods) or techniques of Capital Budgeting?
4. Define Capital budgeting? Explain the need for capital budgeting?
5. Explain the meaning, importance and limitations of Funds flow statement?
6. Explain how cash flow statement differs from funds flow statement?