Gujarat University 2007 B.A Economics -VII (S.S) - Question Paper

1. Attempt all 5 ques.
2. All ques. carry equal marks
3. Keep the identical order and its ans

1.What is the meaning of an economic problem? explain its causes of origin.
or
Write short notes on
a. define the affecting factors of human necessaties.
b. kinds of division of labour.
2. provide definition of land and define the charachteristics of land
or
What is demand? discuss the laws of demand with examples
3.Explain the meaning of Market and explain the different functions of a market
or
What is supply?Explain the legal regulations of supply with the help of an example and a diagram.
4.What is money? define the functions of money.
or
define the functions of a commercial bank.
5.Write short notes on any two:
a. The characteristics of human necessities
b. The characteristics of capital
c. The sources of income of a state
d. discuss the advantages of Direct tax.

Earning:   Approval pending.