B.A. LL.B. (Five Years) Sem 1 Principles of Economics 2018 Jun Question Paper - KSLU

Questions asked in this paper

1. Q1 Critically examine Marshall's definition of Economics.
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2. Q2 Examine the law of diminishing marginal utility. What are its assumptions and limitations ?
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3. Q3 Explain the features, merits and demerits of socialism.
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4. Q4 What is indifference curve ? Explain the consumer's equilibrium with the help of indifference curve.
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5. Q5 What is price discrimination ? What are its types ?
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6. Q6 Explain the law of variable proportions.
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7. Q7 Examine the marginal productivity theory of distribution.
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Answer any two of the following :

1. Q8 (a) Micro economics.
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2. Q8 (b) Wage differentials.
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3. Q8 (c) Concept of cost.
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Answer any two of the following :

1. Q9 (a) Consumption.
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2. Q9 (b) Features of perfect competition.
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3. Q9 (c) Product life cycle.
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Typed from the KSLU paper above. The paper is the original. Long reading passages are shortened here to their first and last lines and a summary.