LL.B. (Five Years) Sem 1 Economics 2023-24 Question Paper - Mumbai University | munotes

Questions asked in this paper

SECTION I - Answer the following questions in two sentences (Answer any 6 out of 8) 12 Marks

1. Q1 State two criticisms of scarcity definition of economics.
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2. Q2 What is circular flow of income?
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3. Q3 What is poverty line?
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4. Q4 State the members of SAARC.
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5. Q5 Define private sector. Give an example
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6. Q6 State any two sources of Public Revenue.
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7. Q7 Define GDP and NDP.
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8. Q8 State any two objectives of BRICS.
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SECTION II - Write short notes (Answer any 2 out of 4) 12 Marks

1. Q9 Stock and Supply
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2. Q10 Niti Ayog
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3. Q11 Public expenditure
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4. Q12 BOP
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SECTION III - Attempt any two of the following (Answer any 2 out of 4) 12 Marks

1. Q13 Suggest measures to remove the Inequality in India.
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2. Q14 Suggest measures to improve the agriculture productivity in India.
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3. Q15 State any three trends in Indian foreign trade after independence.
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4. Q16 Write a note on Indian policy about small scale industries.
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SECTION IV - Answer the following in detail (Answer any 3 out of 5) 39 Marks

1. Q17 State and explain the Law of demand with assumption, exception and appropriate graph.
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2. Q18 Explain the Social features of Indian Economy.
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3. Q19 State the comment on New Industrial Policy 1991.
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4. Q20 What is density of population? Explain the causes of explosion of population in India.
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5. Q21 Write the features of Money market and Capital Market.
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