Patna University 2009 B.Com , Part-I, Principle of Economics - Question Paper

2009

PRINCIPLE OF ECONOMICS

Full Marks : 100
Pass Marks : 33

The ques. are of equal value

ans any 5 ques.

1. Critically examine the definition of Economics as provided by Robbins.

2. What do you understand by Capitalism? explain briefly the merits and demerits of Capitalism.

3. discuss the legal regulations of demand. elaborate its exceptions?

4. describe indifference curve. discuss the equilibrium of a consumer with the help of indifference curves.

5. What is perfect competition? How is value determined under perfect competition?

6. What is national income? How can it be measured? elaborate the difficulties in its measurement?

7. explain the modern theory of rent. How it differ from the Ricardian theory?

8. Examine critically the Marginal Productivity Theory of wages.

9. Is profit reward for risk-taking? What is the justification of profit?

10. Write short notes on any 2 of the following:
(a)Socialism
(b)Quasi-Rent
(c)Elasticity of demand
(d)Consumar's Surplus

Earning:   Approval pending.