BA LLB 1st Semester Examination, December 2023
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. Define social welfate.
2. How savings and consumptions are related?
3. Differentiate between Gross Domestic Product and Gross National Product.
4. What are small scale industries?
5. Define mixed economy.
2. How savings and consumptions are related?
3. Differentiate between Gross Domestic Product and Gross National Product.
4. What are small scale industries?
5. Define mixed economy.
Section B
Note: Attempt any two question. Each question carries 10 marks
6. Elucidate the functions of a central bank of a country.
7. Write a short note on New Economic Policy.
8. What is price mechanism? How market prices are determined?
7. Write a short note on New Economic Policy.
8. What is price mechanism? How market prices are determined?
Section C
Note: Attempt any three question. Each question carries 20 marks
9. Is there a trade off between agriculture and industrial development in India? How?
10. What is monetary policy? What are the different instruments of monetary policy? Explain.
11. Write a note on the relation between economics and law.
12. What is elasticity? Discuss various types of elasticity of demands.
13. Write a detailed note on the planning process in India.
10. What is monetary policy? What are the different instruments of monetary policy? Explain.
11. Write a note on the relation between economics and law.
12. What is elasticity? Discuss various types of elasticity of demands.
13. Write a detailed note on the planning process in India.
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