B.A. LL.B. (Five Years) Sem 1 Principles of Economics 2019 Dec Question Paper - KSLU

Questions asked in this paper

UNIT - I

1. Q1 (a) Critically explain welfare definition of Economics.
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2. Q1 OR What is socialism ? Explain its features.
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3. Q1 (b) Mixed Economy.
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4. Q1 OR Growth oriented definition of Economics.
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UNIT - II

1. Q2 (a) Explain the Law of Demand. What are the factors determining Demand ?
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2. Q2 OR Critically explain consumers surplus.
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3. Q2 (b) Total Utility - Marginal Utility.
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4. Q2 OR Consumer's equilibrium with the help of Indifference curve.
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UNIT - III

1. Q3 (a) Critically examine the law of variable proportion.
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2. Q3 OR What is production cost ? Explain various concepts of cost.
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3. Q3 (b) Total Revenue - Marginal Revenue.
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4. Q3 OR Properties of Land.
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UNIT - IV

1. Q4 (a) What is price discrimination ? Explain the various conditions of price discrimination.
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2. Q4 OR Explain the features, types and equilibrium under oligopoly market.
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3. Q4 (b) Monopolistic competition.
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4. Q4 OR Merits and defects of Monopoly.
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UNIT - V

1. Q5 (a) Explain the Loanable Fund theory of interest.
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2. Q5 OR Critically explain Ricardian theory of Rent.
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3. Q5 (b) Quasi - Rent
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4. Q5 OR Minimum Wage.
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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.