LL.B. (Five Years) Sem 1 Economics 2023-24 ATKT Set 2 60/40 Question Paper - Mumbai University | munotes

Questions asked in this paper

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SECTION I - Answer the following in one or two sentences (Any 6 out of 10) 12 Marks

1. Q1 What is normative economics?
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2. Q2 Give two features of perfect competition.
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3. Q3 What is cross elasticity of demand?
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4. Q4 Define marginal cost.
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5. Q5 Write two qualities of an entrepreneur.
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6. Q6 State two differences between money market and capital market.
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7. Q7 What is direct tax? Give an example.
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8. Q8 What is disinvestment?
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9. Q9 What is opportunity cost?
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10. Q10 What is poverty line?
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SECTION II - Write short notes (Any 2 out of 4) 12 Marks

1. Q11 Distinguish between micro and macro economics.
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2. Q12 Features of monopoly form of market.
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3. Q13 Causes of population explosion in India
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4. Q14 SEBI
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SECTION III - Answer the following (Any 2 out of 4) 12 Marks

1. Q15 Given TFC as Rs. 100/- Find Out TVC, AVC, AFC, TC from the following information. Units of Output: 1, 2, 3, 4, 5, 6. Marginal Cost: (not printed), 30, 30, 20, 40, 60.
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2. Q16 Discuss the relevance of economics to law.
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3. Q17 Explain the problems faced by small scale industries.
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4. Q18 Describe the role of WTO
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SECTION IV - Answer the following in detail (Any 2 out of 4) 24 Marks

1. Q19 State and explain the features of Indian Economy
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2. Q20 Explain the Law of demand with its exceptions.
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3. Q21 Comment on the problems of balance of payment since 1990's
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4. Q22 What are the constraints before Indian agriculture?
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