Principals Of Economics (BBA202) - AKTU Question Paper 2024-25
BBA · Semester 2 · Free PDF Download
This is the official AKTU Principals Of Economics Previous Year Question Paper for BBA Semester 2, academic session 2024-25. Published by Dr. A.P.J. Abdul Kalam Technical University (AKTU/UPTU), Lucknow. Free PDF download — no login required.
Course:BBA
Semester:Semester 2
Session:2024-25
University:AKTU / UPTU
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Questions Asked in 2024-25
Principals Of Economics (BBA202) — extracted question text · 70 marks · 3 Hours
Section AAttempt all questions in brief. 02 x 7 = 14
- aWhat are the fundamental problems of an economic system?
- bWhat are the types of elasticity of demand?
- cState the law of supply with an example
- dWhat is the law of variable proportions?
- eDifferentiate between explic it and implicit costs
- fDefine profit and mention any two types of profit
- gDistinguish between free trad e and protectionism
Section BAttempt any three of the following: 07 x 3 = 21
- aCompare and contrast Microeconomics and Macroeconomics in te rms of scope, assumptions, and applicability
- bDescribe the law of demand and explain exceptions to the law
- cExplain the long-run cost curves and how they differ from sh ort-run cost curves
- dDefine oligopoly and give one example
- eExplain the differences between economic growth and economic development with indicators
Section CAttempt any one part of the following: 07 x 1 = 07
- aExplain the Marginal Utility T heory and Equi-Marginal Utility Theory with suitable examples
- bDiscuss the nature, scope, a nd limitations of Economics and its relevance in managerial decision-making
- aExplain the indifference curv e analysis and how it helps in determining consumer equilibrium
- bDiscuss the determinants of demand and the nature of demand curves
- aDefine and explain consumer surplus. How is it measured and what does it indicate about consumer welfare?
- bDiscuss the determinants of demand and the nature of demand curves
- aDiscuss pricing and output determination under monopoly and monopolistic competition
- bExplain the classification of market structures with emphasis on their distinguishing features
- aExplain various cau ses for disequilibrium in the Balance of Payments and suggest corrective measures
- bDescribe the key trade strate gies and their implications on economic growth and development
Question text is extracted from the official AKTU question paper PDF above. Check the original PDF for equations, diagrams and complete wording. Extracted: 2026-08-23.
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