BA LLB 1st Semester Examination, December 2022
Economics - I
(BL-1004)
Section A
Note: Attempt all questions. Each question carries 4 marks
Economics - I
(BL-1004)
Section A
Note: Attempt all questions. Each question carries 4 marks
1. Explain the law of supply.
2. Do banks really create credit?
3. Is economics an art or a science?
4. What do you mean by public enterprises?
5. What is meant by capital and labour intensive techniques?
2. Do banks really create credit?
3. Is economics an art or a science?
4. What do you mean by public enterprises?
5. What is meant by capital and labour intensive techniques?
Section B
Note: Attempt any two question. Each question carries 10 marks
6. What do you understand from Income Elasticity of Demand? How can we measure Income Elasticity of Demand?
7. What are the main problems of small scale industries in India?
8. What are the causes of population increase in India?
7. What are the main problems of small scale industries in India?
8. What are the causes of population increase in India?
Section C
Note: Attempt any three question. Each question carries 20 marks
9. Explain the various forms of Banks.
10. Define consumer's surplus. Explain the political difficulties in the measurement of consumer's surplus.
11. Discuss the Paretian conditions of general optimum.
12. What are the main objectives of economic planning in India?
13. Discuss the genesis of the crisis of the public sector in India. Is disinvestment a panacea for resolving this crisis?
10. Define consumer's surplus. Explain the political difficulties in the measurement of consumer's surplus.
11. Discuss the Paretian conditions of general optimum.
12. What are the main objectives of economic planning in India?
13. Discuss the genesis of the crisis of the public sector in India. Is disinvestment a panacea for resolving this crisis?
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