Gujarat University 2007 B.A Economics -I (Main) (Old ) - Question Paper

(Old Course)
Time : three Hours] [Max. Marks : 70
Instructions : (1) every ques. carries equal marks.
(2) Use illustrations and diagrams if necessary.
1. What is the meaning of human wants ? define the different characteristics of human wants.
OR
1. (a) discuss the concept of utility and define the kinds of utility.
(b) define the characteristics of wealth.
2. (a) What is land ? State its characteristics.
(b) describe labour and define its characteristics.
OR
2. discuss the legal regulations of demand and point out its exceptions.
3. discuss the legal regulations of supply and point out its exceptions.
OR
3. What is Market Price ? How is it determined ? discuss with help of diagrams.
4. (a) define the characteristics of perfect competition.
(b) define the functions of a market.
OR
4. What is Money ? define the functions of money.
5. define the functions of a Commercial Bank.
OR
5. Write short notes (any two) :
(1) Causes of income inequality.
(2) Per capita income.
(3) kinds of division of labour
(4) Limitations of barter-system.
(5) Gross national product.
FA-06 4

Earning:   Approval pending.