TYBCOM SEM-6 : Commerce-VI (Chapter wise Most Imp Questions with Solutions)

Mukund Pathak February 15, 2026

    Paper/Subject Code: 83014/Commerce-VI

TYBCOM SEM-6 : 

Commerce-VI 

(Chapter wise Most Imp Questions with Solutions)





Chapter 1: Demand Analysis & Elasticity


Long Answer Questions

  1. Explain the Law of Demand with assumptions and exceptions.

  2. Explain the concept and types of Elasticity of Demand.

  3. Explain methods of Demand Forecasting.

  4. Explain factors affecting demand.

Numericals

  • Price Elasticity of Demand

  • Income Elasticity

  • Cross Elasticity

  • Arc Elasticity formula

Short Notes

  • Giffen goods

  • Veblen effect

  • Demand function

  • Importance of demand forecasting


Chapter 2: Production Function & Laws of Production


Long Answer Questions

  1. Explain the Law of Variable Proportions with stages.

  2. Explain Returns to Scale.

  3. Explain Isoquant and Isocost curve.

  4. Explain economies and diseconomies of scale.

Diagrams Important

  • Three stages of production

  • Isoquant curve

Short Notes

  • Internal economies

  • External economies

  • Marginal product


Chapter 3: Cost & Revenue Analysis


Long Answer Questions

  1. Explain short-run cost curves with diagram.

  2. Explain long-run cost curve.

  3. Explain Break Even Analysis.

  4. Relationship between MC and AC.

Numericals

  • Break Even Point

  • Contribution calculation

  • Cost output table

Short Notes

  • Fixed and variable cost

  • Opportunity cost

  • Explicit and implicit cost


Chapter 4: Market Structures


Perfect Competition

  • Features of perfect competition.

  • Short run and long run equilibrium of firm.

  • Price determination under perfect competition.

Monopoly

  • Features of monopoly.

  • Price discrimination.

  • Equilibrium of monopolist.

Monopolistic Competition

  • Features and equilibrium.

  • Selling cost concept.

Oligopoly

  • Features of oligopoly.

  • Kinked demand curve.

  • Cartel and price leadership.


Chapter 5: National Income


Long Answer Questions

  1. Methods of measuring national income.

  2. Difficulties in measuring national income.

  3. Circular flow of income (two and four sector model).

Numericals

  • National income calculation problems

Short Notes

  • GDP and GNP

  • NNP

  • Personal income

  • Disposable income



 Chapter 6: Business Cycles


Long Answer Questions

  1. Phases of business cycle.

  2. Causes of business cycles.

  3. Measures to control business cycles.

Short Notes

  • Inflation

  • Deflation

  • Stagflation


 Chapter 7: Monetary Policy & Fiscal Policy


Long Answer Questions

  1. Objectives and tools of monetary policy.

  2. Quantitative and qualitative credit control methods.

  3. Objectives of fiscal policy.

  4. Role of central bank in economic development.

Short Notes

  • Repo rate

  • CRR and SLR

  • Budget deficit

  • Public debt


Chapter 8: International Trade & Balance of Payments


Long Answer Questions

  1. Theory of Comparative Cost Advantage.

  2. Balance of Payments and its components.

  3. Causes and measures of BOP disequilibrium.

  4. WTO and its functions.

Short Notes

  • Exchange rate

  • Devaluation

  • Free trade vs protection




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