B.A. LL.B. (Five Years) Sem 1 Principles of Economics 2023 Sep Question Paper - KSLU

Questions asked in this paper

UNIT - I

1. Q1 (a) Critically examine the welfare definition of economics.
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2. Q1 OR What is free enterprise economy ? What are its merits and demerits ? Explain.
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3. Q1 (b) Micro and Macro Economics.
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4. Q1 OR Cost concepts.
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UNIT - II

1. Q2 (a) Explain the consumer's equilibrium with the help of indifference curve analysis.
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2. Q2 OR Why does demand curve moving from left to right ? Explain.
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3. Q2 (b) Consumer surplus.
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4. Q2 OR Cardinal and ordinal approach of utility.
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UNIT - III

1. Q3 (a) What is labour ? Explain its features.
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2. Q3 OR What is capital ? Explain its important features.
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3. Q3 (b) Production function.
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4. Q3 OR Diminishing returns to scale.
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UNIT - IV

1. Q4 (a) What is perfect competition ? What are its features.
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2. Q4 OR Explain the important features of monopoly market.
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3. Q4 (b) Product differentiation.
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4. Q4 OR Oligopoly market.
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UNIT - V

1. Q5 (a) Explain the Innovative theory of profit.
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2. Q5 OR Explain the Loanable Fund theory of Interest.
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3. Q5 (b) Nominal wages and Real Wages.
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4. Q5 OR 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.