B.A. LL.B. (Five Years) Sem 2 Economics I (old course) 2011 Jun Question Paper - KSLU

Questions asked in this paper

UNIT - 1

1. Q1 (a) Discuss the scarcity definition of economics.
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2. Q1 OR Explain the central problems of an economy.
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3. Q1 (b) Nature and scope of economics.
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4. Q1 OR Production possibility curve.
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UNIT - 2

1. Q2 (a) What is demand ? Explain determinants of demand.
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2. Q2 OR State the law of supply with an illustration and diagram.
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3. Q2 (b) Explain consumer's equilibrium.
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4. Q2 OR Discuss indifference curve analysis.
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UNIT - 3

1. Q3 (a) What is production function and explain importance of production function.
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2. Q3 OR Explain the law of variable proportions.
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3. Q3 (b) Define the law of increasing returns.
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4. Q3 OR What is cost ? Explain various concepts of cost.
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UNIT - 4

1. Q4 (a) What is market ? Under perfect competition how price and output are determined in it ?
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2. Q4 OR What is monopoly ? Explain different features of monopoly.
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3. Q4 (b) What is oligopoly and define types of oligopoly ?
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4. Q4 OR Briefly explain monopolistic competition.
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UNIT - 5

1. Q5 (a) What is National Income ? Explain measurement of National Income.
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2. Q5 OR What is Macro Economics ? Define scope and importance of Macro Economics.
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3. Q5 (b) Explain concepts of National Income.
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4. Q5 OR Critically examine the Keynesian theory.
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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.