Economics-I - BU 2025 Question Paper

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B. A. LL. B. (Hons.) (New) Examination, 2025

(First Semester)

Economics—I (Minor)

Paper IV

Time : 3 Hours]

[Maximum Marks : 80

नोट : सभी प्रश्न अनिवार्य हैं । प्रत्येक प्रश्न 16 अंकों का है ।

All questions are compulsory. Every question is of 16 marks.

Explain meaning of large scale production. Analyse internal and external economies of it.

माँग की परिभाषा, विशेषताएँ, प्रकार और मापन विधियाँ का वर्णन कीजिए ।

Describe definition, characteristics, types and methods of measurement of demand.

Graphically elaborate the costs and revenue curves. Explain their significance in production.

उपयोगिता समझाते हुए, उपयोगिता के प्रकारों का वर्णन कीजिए । आवश्यकताओं की विशेषताएँ बताइए ।

Explaining the utility, describe the types of utility. State characteristics of wants.

Give definition of market. Explain types of markets. Relativity compare the perfect and imperfect markets.

सम-सीमान्त उपयोगिता का नियम, तालिका और चित्र सहित समझाइए ।

Explain with table and diagram the law of Equi-marginal utility.

How price and output is determined under monopoly? Explain.

अथवा (Or)

मजदूरी का लौह सिद्धांत अथवा मजदूरी का सीमान्त उत्पादकता सिद्धांत समझाइए । आलोचनाएँ भी दीजिए ।

Explain Iron law of wages or the marginal productivity theory of wages. Also state criticism.

कीन्स का ब्याज का तरलता पसंदगी सिद्धांत समझाइए । क्या यह सिद्धांत आलोचना रहित व पर्याप्त है ?

Explain the Keynesian Liquidity preference theory of interest. Is this theory uncriticised and adequate ?