B com Part 1, Guess Papers 2020

IQRA COMMERCE NETWORK
B.COM PART 1: GUESS PAPERS BY SIR KHALID AZIZ: 0300-2540827
0322-3385752
B.COM PART 1
GUESS PAPERS 2020
Regular & Private
BY
KHALID AZIZ

0322-3385752

0322-3385752
ECONOMICS ANALYSIS – IMPORTANT
QUESTIONS BY KHALID AZIZ
Micro Economics
1) Distinguish between micro and macro approach to economic analysis and also
discuss the need for combining the two approaches.
2) How indifference curve technique (PROF HICK’S THEORY) helps a consumer to
achieve equilibrium position(Consumer’s Equilibrium) ?Discuss properties of
indifference curve.
3) Explain the concept of elasticity of demand. Differentiate between (i) Income
elasticity of demand (ii) Price elasticity of demand (iii) Cross elasticity of demand /
Point & Arc elasticity of demand /Total expenditure or outlay method/ Factors
determining Elasticity of Demand
4) Explain law of diminishing returns to scale. Why this law is important for
agricultural sector? / Laws of increasing & constant return to scale.
5) Price effect is the combination of income effect and substitution effect. Explain and
illustrate.
6) Define perfect competition and explain its assumptions. Explain with help of a
diagram a firm’s equilibrium condition in the short run/Long run, under perfect
competition.
7 Explain with the help of diagrams, the short run equilibrium of a firm under
monopolistic competition.
8) How price and output determined under monopoly? / Price Discrimination
9) Write notes on
a) Law of diminishing marginal utility & Equi Marginal Utility
b) Internal /External Economies & Explicit & Implicit Cost
c) Change in quantity demanded and change in demand & Demand Curves
d) Marginal cost and Average cost
e) Production Possibility Curve & Opportunity cost
f) Law of Variable Proportions
g) Isoquants and Least Cost Combinations
h) Kinked Demand Curve
i) Difference between perfect competition, monopoly and monopolistic
competition.

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Macro Economics
1) Short notes
a) Autonomous and Induced Investment
b) Marginal efficiency of capital
c) Multiplier & Acceleration
d) Objectives and Tools of fiscal policy & monetary policy
e) Phases of trade cycle
f) Inflationary & Deflationary gaps
g) APC/ MPC & APS/MPS
h) Kinds of Unemployment
i) Liquidity Trap
j) Determinants of Saving
2) Explain Keynesian theory of income & employment
3) Define National Income, Concepts of N.I, what is the importance of study of
national income? Various methods of measuring N.I.
4) Distinguish between consumption and consumption function. Explain the factors
which determine the propensity to consume.
5) Equilibrium level of N.I is determined where (i) AD=AS and (ii) S=I, prove with
the help of schedule and diagram.
Economic Systems
1) What are the central problems of an Economy? How these problems solved under
mixed economy and capitalism?
2) Give salient features of Islamic economic system and compare it with capitalism
and socialism.

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IMPORTANT ESSAYS ENGLISH:
*Scope of Chinese language in Pakistan
*Power crises in Pakistan
*Inflation *Importance of Advertisement/Marketing/Electronic Media
*Street crimes and remedies
*Importance of commerce education OR Information Technology
*CPEC *Money Laundering
LETTERS
1. Covering letter with C.V
2. Write a letter to the editor of a news paper about law and order/Street Crime situation
in Karachi.
3. Write a letter to the editor of a news paper about traffic problems in Karachi.
4. Write a letter to the editor of a news paper about the need to have better roads in the
city.
5. Write a letter to the editor of a news paper on the evils of increasing number of street
beggars in Karachi.
6. Write a letter to the C.E.O of K-Electric complaining of frequent power breakdowns in
your locality.
NOTE: Last 5 years are important for English and
Statistics.

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INTRODUCTION TO BUSINESS – IMPORTANT
QUESTIONS BY KHALID AZIZ
1) DISCUSS THE SCOPE AND OBJECTIVES OF BUSINESS. DEFINE BUSINESS AND
DIFFERENTIATE IT FROM TRADE.SOCIAL RESPONSIBILITIES OF A BUSINESS.
2) WHAT DO YOU MEAN BY BUSINESS PROBLEMS? LIST THE USUAL PROBLEMS OF
BUSINESS. SOCIAL RESPONSIBILITIES OF BUSINESS. PROBLEMS IN ESTABLISHING
AND OPERATING A BUSINESS ORAGANIZATION.
3) MERITS AND DEMERITS OF LEASING
4) DIFFERENTIATE BETWEEN CAPITALISM AND SOCIALISM. WHAT ECONOMIC SYSTEM
HAS BEEN FOLLOWED IN PAKISTAN? WRITE A NOTE ON MIXED ECONOMY.
5) NAME VARIOUS ENVIRONMENTS INFLUENCE BUSINESS ACTIVITIES.DISCUSS
SOCIAL, CULTURAL,TECHNICAL AND LEGAL ENVIRONMENTS.
6) WHAT IS PARTNERSHIP? DISCUSS PARTNERSHIP DEED. ALSO DISCUSS
DISSOLUTION OF PARTNERSHIP.WHAT ARE DUTIES AND LIABILITIES OF A PARTNER?
UNDER WHAT CIRCUMSTANCES IS THE SOLE PROPRIETORSHIP BUSINESS
CONVERTED INTO PARTNERSHIP.
7) WHAT ARE VARIOUS TYPES OF BUSINESS OWNERSHIP? DIFFERENTIATE BETWEEN
PUBLIC AND PRIVATE COMPANY. DEFINE A JOINT STOCK COMPANY, ITS
CHARACTERISTICS AND INCORPORATION PROCEDURE.
8) WHAT ROLE THE STOCK EXCHANGE PLAYS IN THE ECONOMY OF A COUNTRY.
KINDS OF CAPITAL MARKETS
9) DEFINE INSURANCE, WHAT ARE VARIOUS TYPES OF INSURANCE? LIST AND
EXPLAIN BUSINESS RISK.IMPORTANCE OF INSURANCE.CHARACTERISTICS OF
INSURABLE RISK.
10) SHORT NOTES
A. QUALITIES OF A GOOD BUSINESS MAN
B. INVENTORY CONTROL
C. BUSINESS COMBINATIONS/ POOLS,CARTELS AND TRUSTS
D. TRANSPORTATION
E. SELECTION PROCEDURE OF STAFF/ORIENTATION AND TRAINING/ WAGE
INCENTIVE PLANS
F. MARKETING (DEFINITION,IMPORTANCE & FUNCTIONS)

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G. ADVERTISING & SALES PROMOTION
H. SOLE PROPRIETORSHIP AND ITS ADVANTAGES.
I. KINDS AND ADVANTAGES OF WAREHOUSING.
J. DIFFERENTIATE BETWEEN WHOLESALER AND RETAILER. SERVICES OF
WHOLESALER FOR PRODUCERS AND RETAILERS.
K. CAPITAL MARKET AND ITS KINDS.
L. MEMORANDUM, ARTICLES OF ASSOCIATION & PROSPECTUS.
M. PRODUCT LIFE CYCLE
N. TYPES OF TARIFFS
O. PROFIT AND NON-PROFIT ORIENTED MARKETING
P. ROLE OF MULTINATIONAL COMPANIES/IMPORTANCE OF INTERNATIONALTRADE
Q. IMF (INTERNATIONAL MONETARY FUND)
R. DEPARTMENTAL STORES
S. KINDS OF GOODS(CONVENIENCE/DURABLE/SHOPING/SPECIAL)/ TYPES OF
BUSINESS AND CONSUMERS GOODS.

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TOPIC WISE IMPORTANT QUESTIONS OF
ACCOUNTING B.COM PART 1
Worksheet, adjusting, closing, reversing, opening,
financial statements:
2018R(Q1 &
2)2017R,07R&P,06P,05R,04R,02,01,2012R,2011R,2010R,2
013R/P
ACCOUNTS RECEIVBLE:
2017R,2014R,2012R,2011R/P,2010R,2009R,07R,06R,05P,
03,01,97P
INVENTORY:
2015P,2014R,2012R/P,2011R/P,2010R/P,07R&P,06P,05R,
03,01,2000,99
BRS:
2012R/P,2011P,06P,05R,04P,01,97R
DEPRECIATION:
2018R,2015P,2014R,2012R/P,2011R/P,2010R/P,07R,06R&
P,05P,04R,03,02,01,00,99
VOUCHER SYSTEM & CORRECTION OF ERRORS
ALL QUESTIONS OF PAST PAPERS.
PARTNERSHIP:
ALL QUESTIONS OF PAST PAPERS

0322-3385752
‫کشمیر‬ ‫مسلہ‬ MOST IMPORTANT

0322-3385752
‫اسالمیات‬‫گیس‬‫پیپر‬
‫سوال‬١:‫عقیدہ‬‫توحید‬‫اور‬‫اسکے‬‫انسانی‬‫زندگی‬‫پر‬‫اثرات‬‫تحریر‬‫کریں‬
‫سوال‬٢:‫روزے‬‫کا‬‫فلسفہ‬‫اور‬‫مقاصد‬‫بیان‬‫کریں‬ .
‫سوال‬٣:‫انسانی‬‫زندگی‬‫پر‬‫عقیدہ‬‫آخرت‬‫کے‬‫اثرات‬ .
‫سوال‬٤:‫ہجرت‬‫مدینہ‬‫پر‬‫نوٹ‬‫لکھئیے‬ .
‫سوال‬٥:‫نماز‬‫معاشرتی‬‫روابط‬‫کا‬‫ذریعہ‬،‫ہے‬‫بحث‬‫کریں‬ .
‫سول‬٦:‫صحف‬‫سماویہ‬‫میں‬‫سے‬‫قرآن‬‫مجید‬‫پر‬‫ایک‬‫نوٹ‬‫لکھیں‬ .
‫سوال‬٧:‫اسالم‬‫میں‬‫تصور‬‫عبادت‬‫پر‬‫بحث‬‫کرتے‬‫ہوے‬‫زکوا‬‫ت‬‫یا‬‫حج‬
‫پر‬‫ایک‬‫مضمون‬‫تحریر‬‫کریں‬
‫سوال‬٨:‫عقیدہ‬‫رسالت‬‫کیا‬‫ہے‬‫؟‬‫وضاحت‬‫کرتے‬‫ہوے‬‫ثابت‬‫کیجئے‬‫کہ‬
‫حضرت‬‫د‬ّ‫م‬‫مح‬‫ﷺ‬‫آخری‬‫نبی‬‫ہیں‬ .
‫سوال‬٩:‫نوٹس‬
‫ا‬)‫ایفاے‬‫عہد‬٢)‫مذہبی‬‫رواداری‬٣)‫سادگی‬٤)‫کسب‬‫حالل‬٥)‫حقوق‬
‫والدین‬٦)‫خطبہ‬‫حجتہ‬‫الوداع‬

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