BLS LLB 5 Years Sem 1 Economics 2021-22 Question Paper - Mumbai University | munotes
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Market is the most
a. Money market amt
2 Money market is a market for
a. funds
b. funds
c. funds
d. and longterm funds
Capital Market is regulated by
c. Money market arm
4 ‘Rajiv Awas Yojan’ was announced by the Government
a. Slumfree India
5 India has more than of the total population
6 Balance of payment always
a. Equals/ aad
b. Balances
c. Surplus
d. Deficit
7 Current account deficitis balanced by a -------- in the capital
8 Market information reduces exploitation of
a. Farmers
c. Wholesalers
9 | Which of the related to Microeconomics?
a) The size of national economy
b) Inflation
c) ‘Unemployment
d) Behaviour of individual economic units
10 Which among the followingis related to the demand curve?
a) Relation between quantity demanded and price of a
b) Relation between supply and demand ofa commodity
c) Relation between income of customer and demand of
d) None of the above arétét
11 Which of the followingis not a factor affecting the supply of
a) Price of commodity faa
b) Change of technology of production
c) Change of input prices
d) Income of customers
12 Which among the following is an example of substitution
a) Milk and Coffee qa
b) Paper
Which among the followingis related to utility?
b) Necessity and wants
c) Usefulnessand need
d) None of the above arétét
a) Quantity demanded greater than quantity supplied
b) Quantity demanded less than quantity supplied
C) Quantity demanded equal to quantity supplied
d) Quantity demanded is same as quantity produced
Which one out of the following is correct for marginal cost?
a) Increase in cost due to change in price
b) | Increase in cost due to high demand
Cc) in cost due to increase in extra unit of output
d) above aret
16 is the largest source of employment in India?
a) Manufacturing
b) Agriculture
c) Services
d) Tourism wea
Who maintains official exchange rate in India?
c) Department of finance
18 Which of the following are part of Gross National Product
a) Imports
b) Exports faata
Money earned by resident abroad
d) All atta a4
19 What does free market in an economy imply?
a) Minimum government intervention in trade and maximum
b) Maximum government trade and maximum
c) Minimum in trade and minimum
d) Maximum government trade and maximum
20 Which organization calculates GDP in India?
c) Department of EconomicAffairs
ECONOMICS SET 1 DESCRIPTIVE TYPE QUESTIONS
Qt. Distinguish between Positive and normative economics
2 Explain the Law of Demand with
3 What are the of elasticity of demand?
4. Diagrammatically how price is determined using
demand and supply curves,
S the features of Monopoly market structure
& Expiain the Salient Features of Indian economy
7 What are tne reasons attributed to agricultural production
and productivity in India?
8 Explaina few features of New Industral Policy 1991
S the features of Indian Capital Market
a. Money market amt
2 Money market is a market for
a. funds
b. funds
c. funds
d. and longterm funds
Capital Market is regulated by
c. Money market arm
4 ‘Rajiv Awas Yojan’ was announced by the Government
a. Slumfree India
5 India has more than of the total population
6 Balance of payment always
a. Equals/ aad
b. Balances
c. Surplus
d. Deficit
7 Current account deficitis balanced by a -------- in the capital
8 Market information reduces exploitation of
a. Farmers
c. Wholesalers
9 | Which of the related to Microeconomics?
a) The size of national economy
b) Inflation
c) ‘Unemployment
d) Behaviour of individual economic units
10 Which among the followingis related to the demand curve?
a) Relation between quantity demanded and price of a
b) Relation between supply and demand ofa commodity
c) Relation between income of customer and demand of
d) None of the above arétét
11 Which of the followingis not a factor affecting the supply of
a) Price of commodity faa
b) Change of technology of production
c) Change of input prices
d) Income of customers
12 Which among the following is an example of substitution
a) Milk and Coffee qa
b) Paper
Which among the followingis related to utility?
b) Necessity and wants
c) Usefulnessand need
d) None of the above arétét
a) Quantity demanded greater than quantity supplied
b) Quantity demanded less than quantity supplied
C) Quantity demanded equal to quantity supplied
d) Quantity demanded is same as quantity produced
Which one out of the following is correct for marginal cost?
a) Increase in cost due to change in price
b) | Increase in cost due to high demand
Cc) in cost due to increase in extra unit of output
d) above aret
16 is the largest source of employment in India?
a) Manufacturing
b) Agriculture
c) Services
d) Tourism wea
Who maintains official exchange rate in India?
c) Department of finance
18 Which of the following are part of Gross National Product
a) Imports
b) Exports faata
Money earned by resident abroad
d) All atta a4
19 What does free market in an economy imply?
a) Minimum government intervention in trade and maximum
b) Maximum government trade and maximum
c) Minimum in trade and minimum
d) Maximum government trade and maximum
20 Which organization calculates GDP in India?
c) Department of EconomicAffairs
ECONOMICS SET 1 DESCRIPTIVE TYPE QUESTIONS
Qt. Distinguish between Positive and normative economics
2 Explain the Law of Demand with
3 What are the of elasticity of demand?
4. Diagrammatically how price is determined using
demand and supply curves,
S the features of Monopoly market structure
& Expiain the Salient Features of Indian economy
7 What are tne reasons attributed to agricultural production
and productivity in India?
8 Explaina few features of New Industral Policy 1991
S the features of Indian Capital Market
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