Mumbai University Solved Question Papers
Economics
Previous Year Question Paper with Solution
BLS LLB 5 Years · Sem 1
2022-23 Examination
munotes.in
Mumbai
BLS LLB 5 Years Sem 1 Economics 2022-23 Question Paper with Solutions
Get access to whole semester resourcesSemester Pass
MU law student group
Free to join
First published on munotes.in on 9 August 2026.
This edition revised 11 August 2026.
Published by munotes.in, Mumbai.
Model answers written and edited by the munotes.in editorial desk.
Passages from this volume may be quoted, in print, online or by an AI system, with credit: name munotes.in and link to this volume's page. The volume may not be reproduced as a whole. Full terms at munotes.in/content-license.
munotes.in is an independent study resource for students of the University of Mumbai. It is not affiliated with the University of Mumbai, and is not endorsed by it.
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 2022-23 examination.
Contents
The questions below are the paper as the University of Mumbai set it at the 2022-23 examination, in the order it was set.
MarksPage
MarksPage
The Paper as Set
The questions in this volume are the questions asked at the 2022-23 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 2½ hours · Total marks 75 · 21 questions answered
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 questions in two sentences
Any Six out of 8 · 12 Marks
1.What is Normative Economics?[2]
Answer
Normative economics is the branch of economics that deals with what ought to be. It expresses value judgments about what is desirable and prescribes policy, rather than merely describing what exists.
Its features:
- It is prescriptive, not descriptive.
- It rests on value judgments, ethical, political or social.
- Its statements cannot be tested as true or false against evidence.
- It is also called welfare economics or policy economics.
Examples: "The government should raise the minimum wage." "Income inequality in India is too high." "The poor ought to receive free healthcare."
The test: if a statement contains should, ought, must, good, bad, fair or unjust, it is normative.
The rest of the answers
The first answer is free. The rest come with the B.L.S. LL.B. 5 Years Semester 1 solved papers.
You have read the question paper and its first answer in full. Buy the solved papers once and you can read every answer of every solved paper in this semester.
Notes + Solved papers: ₹798 Already bought it? Sign in
Or solved papers only: ₹499
Or notes only: ₹499
The question paper itself stays free, and so does the syllabus.
Found an error in this volume? Report it and we will check it against the paper.