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

Questions asked in this paper

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1. Q1 (a) Critically explain the welfare definition of economics.
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2. Q1 (b) Various cost concepts.
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1. Q2 (a) Explain the merits and defects of capitalism.
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2. Q2 (b) Micro economics.
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1. Q3 (a) Critically explain the law of diminishing marginal utility.
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2. Q3 (b) Consumer's Surplus.
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1. Q4 (a) Explain the consumer's equilibrium with the help of indifference curves.
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2. Q4 (b) Law of demand.
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1. Q5 (a) Explain the law of variable proportions.
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2. Q5 (b) Production function.
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1. Q6 (a) Explain the properties of land and labour.
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2. Q6 (b) Law of decreasing returns to scale.
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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.