LL.B. (Five Years) Sem 1 Economics 2019-20 Question Paper - Mumbai University | munotes

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SECTION I - Answer the following in brief (All 10) 20 Marks

1. Q1 Define Micro Economics.
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2. Q2 Give any two features of monopoly competition.
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3. Q3 Define public sector.
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4. Q4 What do you mean by relatively inelastic demand?
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5. Q5 Define direct tax.
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6. Q6 What is selling cost?
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7. Q7 Where is the headquarter of WTO?
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8. Q8 Define Positive Economics.
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9. Q9 Give any two characteristics of capital.
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10. Q10 What is meant by balance of payment?
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SECTION II - Give short explanatory notes (Any four out of 6) 20 Marks

1. Q11 Write a note on SEBI.
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2. Q12 Explain the law of supply.
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3. Q13 Features of Macro Economics.
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4. Q14 Importance of Small Scale Industries.
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5. Q15 What are the causes of poverty in India?
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6. Q16 Types of price elasticity of demand.
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SECTION III - Answer the following (Any 2 out of 3) 12 Marks

1. Q17 Given TFC as Rs. 200/-. Find out TVC, AVC, AFC, TC from the following information. Units of Output: 1, 2, 3, 4, 5, 6, 7. Marginal Cost: (not printed), 30, 20, 20, 40, 30, 80.
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2. Q18 Explain the structural changes in India's foreign trade since nineties.
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3. Q19 State and explain features of Indian Capital Market.
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SECTION IV - Answer the following in details (Any 4 out of 6) 48 Marks

1. Q20 Explain the Ricardian theory of rent.
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2. Q21 Discuss the features of Indian Economy.
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3. Q22 Discuss the causes of population Growth in India.
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4. Q23 Explain the Relevance of Economics to Law.
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5. Q24 What is meant by agricultural productivity? Explain the remedies to improve agricultural productivity in India.
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6. Q25 Analyse the New industrial policy 1991.
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