Nalanda Open University 2009 B.Com Final , (Subsidiary) Part-I, -II (Principles of Economics) - Question Paper

Final Examination, 2009 B.Com. (Subsidiary) Part-I, Paper-II (Principles of Economics)

Nalanda Open University

Final Examination, 2009 B.Com. (Subsidiary) Part-I, Paper-II (Principles of Economics)

Time : 3.00 Hrs.

Answer any five question. All questions carry equal marks.

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1.    "Economics is the Science of Wealth". Discuss

2.    "Economic laws are basically imaginary". Analyse this statement.

3.    Explain the main characteristics of Socialist Economy and high lights its merits and demerits. n/nnnnnrn^<<n6nnnr>nnzrO^<<in mi i#mnMinTiri|i ittri mi

4.    What is law of Demand? Explain its assumptions and exceptions.

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5.    Define consumer surplus. How it can be measured?

6.    Explain the law of return to scale in detail.

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7.    Discuss the process of price determination under perfect competition.

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8.    Critically examine the marginal productivity theory of distribution.

9.    Define Interest. Explain the classical theory of Interest.

10. Critically examine the Recardian Theory of Rent.

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Attachment: nalanda-open-university-2009-b-com-40506-1.jpg

Earning:   Approval pending.