Gujarat University 2007 B.A FA-06 Economics -I (Main) (New ) - Question Paper

FA-06
Economics Paper-I (Main)
(New Course)

Seat No. :

Time : three Hours] [Max. Marks : 70

Instructions : (1) Each ques. carries equal marks.
(2) Use illustrations and diagrams if necessary.


1. Discuss critically Prof. Robin’s definition of Economics.

OR

1. Distinguish ranging from the subsequent (any two) : (1) Value and Price
(2) Monetary Income and Real Income
(3) Goods and Services


2. Define the demand. discuss the legal regulations of demand and point out its exceptions.

OR

2. Explain with help of diagrams extension and contraction and increase and reduce in supply.


3. What is Market Price ? How is it determined ? discuss with help of diagram.

OR

3. Explain the concept of division of labour. explain its advantages and disadvantages.

4. (a) Describe the functions of a Market.
(b) Explain the concept of Fixed Cost and Variable Cost.
OR
4. What is Money ? define the functions of money.


5. Describe the functions of a Commercial Bank or Central Bank.
OR
5. Write short notes (any two) :
(1) Characteristics of Capitalism.
(2) Characteristics of Mixed Economy. (3) Characteristics of Land.
(4) Characteristics of Wealth.

Earning:   Approval pending.