BLS LLB 5 Years Sem 1 Economics 2019-20 Question Paper - Mumbai University | munotes

Questions asked in this paper

• Please check whether you have got the right question paper
• N.B: Figures to the right indicate full marks

1. Q2 Draw neat diagrams and schedules where necessary Answer the following in brief. (20)
   • a) Define Micro Economics
   • b) Give any two features of monopoly competition,
   • c) Define public sector,
   • d) What do you mean by relatively inelastic demand?
   • e) Define direct tax
   • f) What is selling cost?
   • g) Where is the headquarter of WTO?
   • h) Define Positive Economics, i} Give any two characteristics of capital
   • j) What is meant by balance of payment?
2. Q2 Give short explanatory notes on any four of the following. 20 marks
   • a) Write a note on
   • b) Explain the law of supply,
   • c) Features of Macro Economics
   • d) Importance of Small Scale Industries
   • e) What are the causes of poverty in India? Types of price elasticity of demand
3. Q3 Answer the following. (Any 2) i Units of Output 2 | # 6 4 F 12 marks
   • b) Explain the structural changes in India’s foreign trade since nineties
   • c) State and explain features of Indian Capital Market
4. Q4 Answer the following in details. (Amy 4) 48 marks
   • a) Explain the Ricardian theory of rent
   • b) Discuss the features of Indian Economy
   • c) Discuss the causes of population Growth in India
   • d) Explain the Relevance of Economics to
   • e) What is meant by agricultural productivity? Explain the remedies to improve agricultural productivity in India
   • f) Analyse the New industrial policy 1991, Please check whether you have got the right question paper
   • N.B: |, Figures to the right indicate full marks
5. Q2 Draw neat diagrams and schedules where necessary Answer the following in brief. (20)
   • a) State two drawback of wealth definition of Economics defined by Adam smith
   • b) Write two arguments against “Economics is science”
   • c) What is Normative Economics? Give an example
   • d) What is social cost?
   • e) Write two features of Labour
   • f) What is density of population?
   • g) State two causes of low per capital income in India
   • h) State difference between small scale industry and cottage industry
   • i) What is Direct Tax and Indirect Tax?
   • j) What is Money Market? Give an examples = Write short notes. (Any 4) (20)
   • a) Short term market and long term market
   • b) Marginal Productivity Theory of Wages
   • c) Features of Monopoly Market
   • d) Trends in Indian Foreign Trade after Independence
   • e) Balance of Payment
6. Q3 Answer the following. (Any 2) 12 marks
   • a) Comment on poverty eradication programs in India
   • b) Suggest the measures to improve the agriculture productivity in India
7. Q4 Answer the following in details. (Any 4) 48 marks
   • a) Write the features of Law. Explain the relevance of Economics to Law
   • b) State and explain the various kinds of price elasticity of demand
   • c) State the factors determining real wages. Why do entrepreneurs earn profit? Discuss with relevant theories of profit
   • d) What is population explosion? Explain the measures to control population growth in
   • e) Comment on New Industrial Policy 1991
   • f) Evaluate Indian Tax structure and reforms since 1990 {Time: 2 Hours] { Marks: 60} Please check whether you have got the right question paper
   • N.B: Figures to the right indicate full marks
8. Q2 Draw neat diagram and schedules wherever necessary
9. Q1 Answer the following in brief (any six) 12 marks
   • (a) Write two features of Wealth definition of Economics
   • (b) Name any two Acts made to remove Economic inequalities in India
   • (c) Write the difference between stock and supply
   • (d) What is social cost?
   • (e) Write two features of labour
   • (f) is density of population?
   • (g) Name any two poverty alleviation programs taken by Indian Government
   • (h) Write the difference between Private Sector and Public Sector
   • (i) two causes of adverse Balance of Payment,
   • (j) | Write two functions of SEBI
10. Q2 Write short note (any two) 12 marks
    • (a) Positive Economics and Normative Economics
    • (b) Law of Demand
    • (c) Importance of Agriculture Sector in Indian Economy
11. Q3 Answer the following (any two) 12 marks
    • (a) Explain the marginal productivity theory of wages
    • (b) Explain the monopoly market
    • (c) State the problems faced by Indian Capital Market
    • (d) Total fixed cost is 200/-, find out the TVC, AC, TC, AFC and AVC
12. Q4 Answer in detail (any two) 24 marks
    • (a) Discuss the price determination with the help of demand and supply curves
    • (b) Define the concepts land and rent. Explain Recordian Theory of Rent
    • (c) Analyse the Salient features of Indian Economy
    • (d) Discuss the tax structure and reforms of India Since 1990 Please check whether you have got the right question paper
    • N.B: 1. Figures to the right indicate full marks
13. Q2 Draw neat diagrams and schedules where. necessary Q! Answer the following in brief. (20)
    • a) State wealth definition of Economics
    • b) Name any two Acts for economic welfare in India,
    • c) Write the essential elements to create demand
    • d) Write two features of Land
    • e) What is opportunity cost?
    • f) What is per capital income?
    • g) Write two functions of WTO
    • h) Give two examples of Indirect Taxes
    • i) Name two Acts to remove the problems of inequality in India
    • j) Write the difference between Private Sector and Public Sector Give short notes on any four of the following. (20)
    • a) Difference between Micro Economics and Macro Economics,
    • b) Drawback of Recordian Theory of Rent
    • d) Features of Indian Economy
    • e) Balance of Payment
    • f) Disinvestment policy of Indian Government
14. Q3 Answer the following. (Any 2) 12 marks
    • a) What are the causes of population growth in India?
    • b) State the measures to improve the agricultural productivity in India
15. Q4 Answer the following in details. (Any 4) 48 marks
    • a) Explain the Law of Demand with assumption and Exception
    • b) Study of Economics is useful for Law students discuss State and criticize any two theories of profit
    • d) Differentiate the Small Scale Industries and Large Scale Industries. Explain the impact of New Industrial Policy 1991
    • e) What is Public debt? Explain the causes for increasing public expenditure
    • f) State the causes of poverty in India. What measures did Indian government adopt to remove the poverty?

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