BLS LLB 5 Years Sem 1 Economics 2022-23 ATKT Question Paper - Mumbai University | munotes

Questions asked in this paper

SECTION I - Answer the following questions in two sentences (Any Six out of 10) 12 Marks

1. Q1 Write two features of the wealth definition of Economics.
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2. Q2 Write the difference between Positive and Normative Economics?
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3. Q3 State the difference between Stock and Supply.
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4. Q4 What do you mean by the concept of Social cost?
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5. Q5 Write two characteristics of Labour.
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6. Q6 State two Acts made by Government of India to remove Poverty.
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7. Q7 Define Green Revolution.
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8. Q8 Write two examples of Indirect taxes.
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9. Q9 Define Private sector.
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10. Q10 What does public expenditure mean?
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SECTION II - Write short notes (any Two out of 4) 12 Marks

1. Q11 Income elasticity of demand.
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2. Q12 Features of monopoly.
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3. Q13 Marginal productivity theory of wages.
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4. Q14 W.T.O.
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SECTION III - Attempt any two of the following (Any 2 out of 4) 12 Marks

1. Q15 Disinvestment policy is helpful to improve Indian agricultural condition, Discuss.
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2. Q16 Importance of various Laws in connection with population control in India.
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3. Q17 Given TFC as 100, find out TVC, AFC, AVC, AC, MC from the following table. Units of output: 1, 2, 3, 4, 5, 6, 7, 8. TC: 100, 150, 230, 300, 350, 380, 410, 440.
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4. Q18 Suggest the measures to face the problems of adverse balance of payments.
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SECTION IV - Answer the following in detail (Any Two out of 4) 24 Marks

1. Q19 Explain the Law of demand with assumptions and exceptions.
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2. Q20 Explain the Relevance of Economics to Law.
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3. Q21 Explain the Recardian Theory of Rent.
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4. Q22 Explain the Economic features of Indian Economy.
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