LL.B. (Five Years) Sem 1 Economics 2022-23 Question Paper - Mumbai University | munotes

Questions asked in this paper

SECTION I - Answer the following questions in two sentences (Any Six out of 8) 12 Marks

1. Q1 What is Normative Economics?
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2. Q2 State two Acts made by Government of India to remove poverty.
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3. Q3 State the difference between Stock and Supply.
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4. Q4 What does public expenditure mean?
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5. Q5 Define public sector.
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6. Q6 Write any two functions of Niti Ayog.
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7. Q7 Define Green Revolution.
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8. Q8 Write two examples of direct taxes.
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SECTION II - Write short notes (Any Two out of 4) 12 Marks

1. Q9 Distinguish between micro and macro economics.
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2. Q10 Income elasticity of demand.
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3. Q11 Features of monopoly
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4. Q12 W.T.O
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SECTION III - Attempt Any Two of the following (Any 2 out of 4) 12 Marks

1. Q13 Liberal policy is helpful to improve Indian agricultural condition, Discuss.
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2. Q14 Importance of various Laws in connection with population control in India.
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3. Q15 State any three problems faced by small scale Industries during Corona Pandemic.
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4. Q16 State any three features of India's Foreign Trade.
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SECTION IV - Answer the following in detail (Any Three out of 5) 39 Marks

1. Q17 Explain the Law of demand with assumptions and exceptions.
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2. Q18 Explain the Economic features of Indian Economy
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3. Q19 Explain the Relevance of Economics to Law.
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4. Q20 What is Balance of Payment? Explain the causes of adverse balance of payments
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5. Q21 Distinguish between Public sector, Private Sector, and Joint Sector. Explain problems of Small Scale Industry.
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