Unitedworld School of Law

Internal Examination – April 2021

Semester: 6
Subject: Law and Economics
Submission: 24.04.2021 On or before 5:30 PM Total Marks: 30

GENERAL INSTRUCTIONS:
 Please write specific and comprehensive answers. Answers without adequate justification
will be considered incomplete.
 All questions are compulsory. (3X10=30)
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Question – 1:
“A commission on reforming criminal law has identified certain white-collar crimes that
are typically committed after rational consideration of the potential gain and the risk of
getting caught and punished.”
In this context explain the how legal sanctions affects behavior.

Question – 2:
“Globalization in India created winners like consumers who were now exposed to more
international goods, job seekers who found better job opportunities.”
In this context examine whether globalization in India is Pareto Improvement or Kaldor-
Hicks Efficient.

Question – 3:
In 2016, Government of India has announced demonetization of its currency. In this regard
explain concept of demonetization and evaluate its effect on Indian Economy.