B.A. LL.B. (Five Years) Sem 1 Principles of Economics 2024 Aug Question Paper - KSLU

Questions asked in this paper

UNIT - I

1. Q1 (a) Critically examine welfare definition of Economics.
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2. Q1 OR Explain the merits and demerits of capitalism.
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3. Q1 (b) Write a note on : Supply.
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4. Q1 OR Cost concepts.
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UNIT - II

1. Q2 (a) Explain the law of diminishing marginal utility.
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2. Q2 OR Explain the consumer's equilibrium with the help of indifference curve.
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3. Q2 (b) Write a short note on : Law of equi-marginal utility.
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4. Q2 OR Law of demand.
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UNIT - III

1. Q3 (a) Explain the law of variable proportion.
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2. Q3 OR Explain the properties of land and labour.
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3. Q3 (b) Write a short note on : Production function.
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4. Q3 OR Internal economies.
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UNIT - IV

1. Q4 (a) Explain the features of monopolistic competition.
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2. Q4 OR Explain the features of perfect competition.
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3. Q4 (b) Write a short note on : Oligopoly market.
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4. Q4 OR Price discrimination.
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UNIT - V

1. Q5 (a) Explain the marginal productivity theory of distribution.
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2. Q5 OR Discuss loanable fund theory of interest.
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3. Q5 (b) Write a short note on : Real and money wage.
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4. Q5 OR Innovation theory of profit.
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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.