B.A. LL.B. (Five Years) Sem 1 Principles of Economics 2025 Jun (100 marks) Question Paper - KSLU

Questions asked in this paper

1. Q1 Critically examine scarcity definition of Economics.
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2. Q2 Explain the nature and scope of Economics.
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3. Q3 Explain features, merits and defects of Socialism.
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4. Q4 Critically examine the concept of consumers surplus.
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5. Q5 What is monopoly ? Explain its features and types.
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6. Q6 Critically examine the Ricardian Theory of Rent.
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7. Q7 Explain the Law of Variable Proportions.
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Write short notes on any two of the following :

1. Q8 (i) Exceptions to the law of demand.
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2. Q8 (ii) Types of price discrimination.
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3. Q8 (iii) Economic laws.
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Write any two of the following :

1. Q9 (a) Loanable fund theory of interest.
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2. Q9 (b) Macro economics.
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3. Q9 (c) Cost concepts.
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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.