B.A. LL.B. (Five Years) Sem 1 Principles of Economics 2025 Jun 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 cost ? Explain the various concepts of cost.
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3. Q1 (b) Write short note on : Economic laws.
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4. Q1 OR Mixed economy.
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UNIT - II

1. Q2 (a) Examine the law of equi-marginal utility.
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2. Q2 OR What is indifference curve ? Explain its properties.
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3. Q2 (b) Write short note on : Consumer's surplus.
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4. Q2 OR Law of demand.
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UNIT - III

1. Q3 (a) Explain the law of variable proportions.
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2. Q3 OR Briefly explain the economies of scale.
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3. Q3 (b) Write short note on : Production function.
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4. Q3 OR Properties of labour.
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UNIT - IV

1. Q4 (a) What is monopolistic competition ? Explain its features.
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2. Q4 OR What is price discrimination ? Explain its types.
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3. Q4 (b) Write short note on : Penetration pricing.
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4. Q4 OR Perfect competition.
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UNIT - V

1. Q5 (a) Critically examine Ricardian theory of rent.
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2. Q5 OR Analyse loanable fund theory of interest.
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3. Q5 (b) Write short note on : Wage differentiation
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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.