Principles of Economics Model Questions Answers

Model Question National Institute of Business Management Chennai - 020 FIRST SEMESTER EMBA/ MBA Subject : Principles of Economics  Attend any any 4 questions. questions. Each question question carries 25 25 marks (Each answer should be of minimum 2 pages / of 300 words)

(For ANSWERS www.prakashmba.blogspot.com) 1. Explain Explain the the advan advantage tages s of Socia Socialist list Econ Economy. omy. 2. Explain Explain the the methods methods of measur measuring ing of Elast Elasticity icity of Deman Demand. d. 3. Describe Describe the kinds kinds of Economi Economic c System Systems. s. 4. What What are the the defec defects ts of Capit Capitalis alism? m? Describ Describe. e. 5. Explain Explain the the factors factors govern governing ing price price elastici elasticity ty of demand. demand. 6. Explain Explain the the characte characteristi ristics cs of factors factors of produ productio ction. n.

7. For ANSWERS ANSWERS www.prakashmb www.prakashmba.blog a.blogspot.com spot.com

25 x 4=100 marks