Very Short Question Answer 1. Define the business cycle. Business cycle is defined as the regular upward and downward fluctuation in aggregate economic activities in the economy. It is also known as trade cycle and it is the special feature of capitalist economic system. 2. What are the various phases of trade cycle? The phases […]
BBM Question Bank
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Chapter 3: Growth of Entrepreneurship
Brief Answer Questions 1. Mention the types of rural entrepreneurship. The types of rural entrepreneurship are listed below: Farm entrepreneurship Artisan entrepreneurship Merchant and traders Tribal entrepreneurship 2. What is rural entrepreneurship? Rural entrepreneurship is the creation of a new organization that introduces a new product, serves or creates a new market or utilizes a […]
Chapter 4: Kaynesian Macroeconomics
Very Short Question Answer 1. What is the main cause of unemployment according to Keynes? According to Keynes, the main cause of unemployment is deficiency of aggregate demands in the economy. The decrease in aggregate demand results decrease in output, which results unemployment in the economy. 2. What are the causes of declining MEC? The […]
Chapter 2: National Income Accounting
Very Short Question Answer 1. What is meant by two sector economy? The economy which consists of only household and business sectors is called two sector economy. This is hypothetical concept. This is also known as the two sector closed economy. 2. Define the meaning of three sector economy. The economy which consists of household, […]
Chapter 1- Introduction to Macroeconomics
Very Short Question Answer 1. What is Macroeconomics? Macroeconomics is the branch of economics which deals with economy as a whole. In other words, it is the study very large economy-wide aggregate variables like national income, money, price level, unemployment, economic growth rates etc. 2. Point out the scope of microeconomics. The scope of macroeconomics […]
Chapter 1: Introduction to Entrepreneurship and Enterprise Development
Brief Answer Questions 1. Mention any four traits of an entrepreneur. The four traits of an entrepreneur are mentioned below: Motivation Organizer Risk bearer Hardworking 2. Define the term inventor. Inventory is someone who primarily aims to create something new. To S/he tries to bring positive change in mankind by his/her invention. 3. What is […]
MGT 220: Entrepreneurship and Enterprise Development
Entrepreneurship and Enterprise Development BBS 4th Year Notes Also Read: Fundamental of Investment[BBS 4th Year]-Notes and Solution
Chapter 7: Law of Company and Insolvency Arbitration
Very Short Question Answer 1. What includes by a special resolution? A special resolution includes: Increase of authorized capital of the company. Decrease of share capital. Conversion of company from private to public or public to private company. Amalgamation or merger of company. Issue of Bonus share Change of name and objectives of the company. […]