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Economics
Previous Year Question Paper with Solution
BLS LLB 5 Years · Sem 1
2023-24 - ATKT Set 2 60/40 Examination
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BLS LLB 5 Years Sem 1 Economics 2023-24 - ATKT Set 2 60/40 Question Paper with Solutions
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First published on munotes.in on 9 August 2026.
This edition revised 10 August 2026.
Published by munotes.in, Mumbai.
Model answers written and edited by the munotes.in editorial desk.
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The University does not publish an official answer key for this paper. The answers in this volume are model answers, written to show how a full-mark answer is built. They are a study aid, not an authority on what an examiner marked.
The question paper reproduced here is the paper as set by the University of Mumbai at the 2023-24 - ATKT Set 2 60/40 examination.
Contents
The questions below are the paper as the University of Mumbai set it at the 2023-24 - ATKT Set 2 60/40 examination, in the order it was set.
MarksPage
MarksPage
The Paper as Set
The questions in this volume are the questions asked at the 2023-24 - ATKT Set 2 60/40 examination, reproduced as the University of Mumbai set them, in the order it set them. Nothing has been reworded, added or left out. Only the answers are ours. See the original question paper.
Duration 2 hours · Total marks 60 · 22 questions answered
Instructions printed on the paper
- Figures to the right indicate maximum marks.
How to use this volume
Solve the paper first, under exam conditions and against the clock. Then read the answers here and mark your own. Reading a solution before attempting the question feels productive and teaches very little, because recognising an answer is not the same as being able to write one.
SECTION I
Answer the following in one or two sentences
Any 6 out of 10 · 12 Marks
1.What is normative economics?[2]
Answer
Normative economics is the branch of economics that deals with what ought to be: it makes value judgments about whether an economic situation or policy is good or bad, desirable or undesirable, fair or unfair.
Its statements are statements of opinion or of prescription, and they cannot be verified by evidence alone, because they rest on what one values.
Examples: "The government ought to reduce the tax on petrol." "Inequality in India is too high." "Free education should be provided to every child."
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