B.A. LL.B. (Five Years) Sem 2 Economics I (old course) 2015 Jun Question Paper - KSLU

Questions asked in this paper

1. Q1 Briefly explain the Marshall's definition of economics. What are its criticisms ?
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2. Q2 Explain the law of demand with the help of a schedule and curve. What are its limitations ?
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3. Q3 What is cost ? Explain the various concepts of costs.
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4. Q4 What is monopoly ? Explain how price and output are determined in monopoly market.
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5. Q5 Explain the law of diminishing returns.
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6. Q6 What is national income ? Explain different methods of calculation of national income.
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7. Q7 Explain the Keynesian theory of employment.
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Explain any two of the following :

1. Q8 (a) Production possibilities curve.
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2. Q8 (b) Consumer's equilibrium.
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3. Q8 (c) Nature of Revenue curves.
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Write short notes on any two of the following :

1. Q9 (a) Subject-matter of economics.
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2. Q9 (b) Oligopoly and its features.
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3. Q9 (c) Say's Law of market.
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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.