BLS LLB 5 Years Sem 1 Economics 2023-24 ATKT 60/40 Question Paper - Mumbai University | munotes

Questions asked in this paper

SECTION I - Answer the following in one or two sentences (Any 6 out of 10) 12 Marks

1. Q1 Give two features of monopoly form of market.
   Read the model answer
2. Q2 What is income elasticity of demand?
   Read the model answer
3. Q3 Define marginal cost.
   Read the model answer
4. Q4 Write two features of labour.
   Read the model answer
5. Q5 State two differences between money market and capital market.
   Read the model answer
6. Q6 What is indirect tax? Give an example.
   Read the model answer
7. Q7 What is disinvestment?
   Read the model answer
8. Q8 What is opportunity cost?
   Read the model answer
9. Q9 What is density of population?
   Read the model answer
10. Q10 What is positive economics?
    Read the model answer

SECTION II - Write short notes (Any 2 out of 4) 12 Marks

1. Q11 Features of monopolistic competition
   Read the model answer
2. Q12 Poverty alleviation programmes in India
   Read the model answer
3. Q13 WTO
   Read the model answer
4. Q14 Distinguish between micro and macro economics.
   Read the model answer

SECTION III - Answer the following (Any 2 out of 4) 12 Marks

1. Q15 Given TFC as Rs. 100/- Find Out TVC, AVC, AFC, TC from the following information. Units of Output: 1, 2, 3, 4, 5, 6. Marginal Cost: (not printed), 30, 30, 20, 40, 60.
   Read the model answer
2. Q16 Explain the structural changes in India's foreign trade since 1990's.
   Read the model answer
3. Q17 Describe the functions of SEBI
   Read the model answer
4. Q18 Explain the problems faced by small scale industries.
   Read the model answer

SECTION IV - Answer the following in detail (Any 2 out of 4) 24 Marks

1. Q19 Explain the various types of price elasticity of demand
   Read the model answer
2. Q20 Comment on the problems of balance of payment since 1990's
   Read the model answer
3. Q21 State and explain the features of Indian Economy.
   Read the model answer
4. Q22 Comment on New Industrial Policy 1991
   Read the model answer

Read from the scan above, so a character or two may differ. The scan is the original.