B.A. LL.B. (Five Years) Sem 1 Principles of Economics 2021 Mar (100 marks) Question Paper - KSLU

Questions asked in this paper

1. Q1 Critically examine the Robin's definition of Economics.
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2. Q2 Examine the law of Equi-marginal utility.
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3. Q3 Explain the features, merits and demerits of capitalism.
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4. Q4 Explain the law of demand. What are its exceptions ?
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5. Q5 What is indifference curve ? What are its properties ?
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6. Q6 What is price discrimination ? When it is possible and profitable ?
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7. Q7 Critically examine Ricardian theory of rent.
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Write short note an any two of the following :

1. Q8 (a) Consumer's surplus.
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2. Q8 (b) Human wants.
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3. Q8 (c) Properties of land.
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Answer any two of the following :

1. Q9 (a) Product life cycle.
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2. Q9 (b) Various concepts of cost.
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3. Q9 (c) Economic laws.
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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.