B.A. LL.B. (Five Years) Sem 1 Principles of Economics 2026 Jan (100 marks) Question Paper - KSLU

Questions asked in this paper

1. Q1 Explain the wealth and welfare definition of economics.
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2. Q2 Critically explain the law of equi-marginal utility.
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3. Q3 Explain the features, merits and demerits of mixed economy.
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4. Q4 What is economies of scale ? Explain the internal and external economies of scale.
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5. Q5 Explain the properties of capital and organisation.
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6. Q6 Explain the properties of indifference curves.
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7. Q7 Explain Ricardian theory of rent.
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Write short note on any two of the following :

1. Q8 (a) Price discrimination
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2. Q8 (b) Monopoly
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3. Q8 (c) Consumer's surplus.
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Write note on any two of the following :

1. Q9 (a) Wage differentials
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2. Q9 (b) Production function
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3. Q9 (c) Exceptions to the law of demand.
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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.