Exam Details
| Subject | principles of economics (minor) | |
| Paper | ||
| Exam / Course | b.a. ll.b. | |
| Department | ||
| Organization | Hidayatullah National Law University | |
| Position | ||
| Exam Date | November, 2016 | |
| City, State | chhattisgarh, raipur |
Question Paper
END TERM EXAMINATION, NOVEMBER 2016
B.A.LL.B. (HONS.)
SEMESTER-I
Principles of Economics (Minor) (Only for Visually impaired student)
Max. Marks: 60 Time Allowed: 3:00 Hrs.
Note: Answer five questions including Question No. 1 which is compulsory. The number of marks
carried by each question is indicated at the end of the question.
1. Answer the following (each answer should be in approximately 100 words): (Marks 2×10=20)
a. Marginal rate of technical substitution
b. Equilibrium Price
c. Unitary Elastic demand
d. 2nd degree of price discrimination
e. Net Interest
f. Normative Economics
g. Demand- pull inflation
h. Government Expenditure
i. Extensive cultivation
j. Opportunity Cost
2. Write a detailed note on production and factors of production. (Marks 10)
3. Point out three exceptions for each of the following with relevant examples.
(Marks 3×3=09)
i. Law of Demand
ii. Law of Diminishing Marginal Utility
iii. Law of Supply
Explain the term 'Price Discrimination'. (Marks 01)
4. Critically analyze the 'Ricardian Theory of Rent'. (Marks 10)
5. Differentiate between any two of the following:- (Marks 5×2=10)
a. Welfare oriented definition and Growth oriented definition
b. Monopoly and Monopolistic competition
c. Central Bank and Commercial bank
6. Explain the calculation of National Income by output and income method. (Marks 10)
7. Write short notes on any two of the following: (Marks 5×2=10)
a. Internal and External Economies of Scale
b. Nature and scope of Economics
c. AC curve
B.A.LL.B. (HONS.)
SEMESTER-I
Principles of Economics (Minor) (Only for Visually impaired student)
Max. Marks: 60 Time Allowed: 3:00 Hrs.
Note: Answer five questions including Question No. 1 which is compulsory. The number of marks
carried by each question is indicated at the end of the question.
1. Answer the following (each answer should be in approximately 100 words): (Marks 2×10=20)
a. Marginal rate of technical substitution
b. Equilibrium Price
c. Unitary Elastic demand
d. 2nd degree of price discrimination
e. Net Interest
f. Normative Economics
g. Demand- pull inflation
h. Government Expenditure
i. Extensive cultivation
j. Opportunity Cost
2. Write a detailed note on production and factors of production. (Marks 10)
3. Point out three exceptions for each of the following with relevant examples.
(Marks 3×3=09)
i. Law of Demand
ii. Law of Diminishing Marginal Utility
iii. Law of Supply
Explain the term 'Price Discrimination'. (Marks 01)
4. Critically analyze the 'Ricardian Theory of Rent'. (Marks 10)
5. Differentiate between any two of the following:- (Marks 5×2=10)
a. Welfare oriented definition and Growth oriented definition
b. Monopoly and Monopolistic competition
c. Central Bank and Commercial bank
6. Explain the calculation of National Income by output and income method. (Marks 10)
7. Write short notes on any two of the following: (Marks 5×2=10)
a. Internal and External Economies of Scale
b. Nature and scope of Economics
c. AC curve
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- administrative law
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