BLS LLB 5 Years Sem 1 Economics 2017-18 Question Paper - Mumbai University | munotes

Questions asked in this paper

• N.B. (1) Figures to the right indicate full marks

1. Q1 Answer the following in short :
   • (a) What is normative economics"
   • (b) What is meant by supply?
   • (c) Define explicit cost
   • (d) Give two characteristics of land Give two features of monopoly. ov
   • (f) What does public debt mean?
   • (g) Write two types of direct taxes. &
   • (h) Give two features of capital market. +
   • (i) Define small scale industries
   • (j) What do you mean by Proportional tax?
2. Q2 Answer the following in brief (any four) : 20 marks
   • (a) Explain the relevance of Economics
   • (b) Distinguish between micro and
   • (c) Explain the characteristics of
   • (d) Explain the causes for birth rate
   • (f) Functions of WTO
3. Q3 Attempt any two of the following 12 marks
   • (a) Explain the types oF price elasticity of demand
   • (b) Explain the in agriculture 4, Attempt any two of the following : 48
   • (a) State and explain the law of demand. What are its exceptions?
   • (b) Explain the features of Indian economy
   • (c) Define agricultural productivity. What are the causes for the growth of agricultural productivity?
   • (d) Discuss the factors responsible for the growth of population in Analyse the National Agricultural Policy-2000
   • (f) Discuss the structure of Indian Money market
   • Q.P. Code : 303401
4. Q2 fen fear 20 marks
5. Q3 aa
   • Q.P. Code : 29145 [Time: Three Hours] [ Marks:100] Please check whether you have got the right question paper
   • N.B: 1. Figures to the right indicate full marks
6. Q2 Draw neat diagrams and schedules wherever necessary
7. Q3 Use of simple calculator is allowed
8. Q1 Answer the following in brief 20 marks
   • a) Define 'positive
   • b) What is meant by 'relatively inelasticity of demand'?
   • c) What is meant by Average variable cost'?
   • d) Define 'selling
   • e) Mention the names of factor prices for Labour and capital
   • f) What are the major causes for high birth rate in India?
   • g) Give two reasons for low agricultural productivity in India
   • h) Give two features of Indian money market
   • i) What is meant by disinvestment?
   • j) Mention any two indirect taxes in India
9. Q2 Explain the following in short ( any four) 20 marks
   • a) Distinguish between positive and normative economics
   • b) Explain the 'Geometric method' of measuring price elasticity of demand
   • c) Features of land
   • d) Explain the main causes of inequality of income in India
   • e) Explain the main objectives of New Industrial Policy
   • f) Features of Indian capital market
10. Q3 Answer the following (any two) 12 marks
    • a) Explain the features of monopolistic competition
    • b) problems faced by scale industries in India
    • c) Total fixed cost is Rs 200/- Find out the TVC, TC, AFC AVC and AC from the following
11. Q4 Answer in detail (any four) 48 marks
    • a) What is meant by price elasticity of demand? Explain the types of price elasticity of demand
    • b) Explain the salient features of Indian economy
    • c) Discuss the constraints that are faced by Indian Agricultural sector
    • d) Analyse the New Industrial Policy, 1991
    • e) What is Wages? Explain Marginal Productivity Theory of wages
    • f) Evaluate Indian Tax structure and its reforms since nineties (1990)
    • Q.P. Code :06424 Please check whether you have got the right
    • N.B: 1. Figures to the right indicate full marks
12. Q2 Draw neat diagrams and schedules wherever.necéssary,
13. Q3 Use of simple calculator is allowed Answer the following in brief. }
    • a) Define micro economics
    • b) What is relatively elasticity of demand?
    • c) What is meant by marginal cost?
    • d) Write two features of monopolistic
    • e) Write names of factors of production
    • f) Give two features of Indian
    • g) What do you mean by agricultural
    • h) What is public sector?
    • i) What is meant by money market?
    • j) Define direct tax
14. Q2 Explain the following in short (any four) 20 marks
    • a) Distinguish between positive and normative
    • b) Features
    • c) Problems faced by industries
    • d) Causes for increasing
    • e) Features of capital
15. Q3 Answer the following (any 12 marks
    • b) costas 200. Caleu and AC for the following table short the constraints State and Law the perfect competition causes for in India
    • d) Policy.2000 ose)” Discuss the features of Indian Capital Market

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