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

Questions asked in this paper

1. Q1 (a) Critically examine welfare definition of economics.
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2. Q1 (b) Write short note on : Features of mixed economy.
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1. Q2 (a) Explain various concepts of cost.
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2. Q2 (b) Write short note on : Peculiarities of human wants.
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1. Q3 (a) Examine the law of equi-marginal utility.
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2. Q3 (b) Write short note on : Types of utility.
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1. Q4 (a) Explain how consumer attains equilibrium under indifference curves.
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2. Q4 (b) Write short note on : Consumer's surplus.
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1. Q5 (a) Examine the law of variable proportions.
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2. Q5 (b) Write short note on : Peculiarities of land.
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1. Q6 (a) Examine the concept of economies of scale.
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2. Q6 (b) Write short note on : Stages of capital formation.
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1. Q7 (a) Examine the features of monopolistic competition.
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2. Q7 (b) Write short note on : Production function.
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1. Q8 (a) What is price discrimination ? What are its types ?
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2. Q8 (b) Write short note on : Penetration pricing.
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1. Q9 (a) Explain marginal productivity theory of distribution.
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2. Q9 (b) Write short note on : Real and money wage.
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1. Q10 (a) Examine the loanable fund theory of interest.
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2. Q10 (b) Write short note on : Quasi rent.
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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.