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

Questions asked in this paper

UNIT - I

1. Q1 (a) Explain the merits and demerits of the mixed economic system.
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2. Q1 OR Explain the various cost concepts and cost curves.
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3. Q1 (b) Write a note on : Scarcity definition of economics.
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4. Q1 OR Merits and demerits of Micro economics.
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UNIT - II

1. Q2 (a) Explain the Law of Equi-Marginal utility.
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2. Q2 OR Explain the Law of demand with the help of a diagram.
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3. Q2 (b) Write a note on : Consumer's Surplus.
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4. Q2 OR Properties of Indifference Curves.
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UNIT - III

1. Q3 (a) Explain the Law of variable proportions.
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2. Q3 OR Explain the properties of Labour and Capital.
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3. Q3 (b) Write a note on : Production function.
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4. Q3 OR Increasing Return to scale.
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UNIT - IV

1. Q4 (a) Explain the features of perfect competition.
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2. Q4 OR Explain the features and types of oligopoly market.
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3. Q4 (b) Write a note on : Discriminating Monopoly.
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4. Q4 OR Features of Monopolistic competition.
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UNIT - V

1. Q5 (a) Critically explain Marginal Productivity theory of distribution.
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2. Q5 OR Explain the Loanable Fund Theory of Interest.
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3. Q5 (b) Write a note on : Quasi-Rent.
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4. Q5 OR Real wage and Money 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.