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Second Semester 5 Year B.A. LL.B. Examination, January 2012

ECONOMICS – I

Time : 3 Hours Max. Marks : 100

Instructions : 1. Answer all 5 questions.

2. One essay type and one short note questions or problem

from each unit have to be attempted, which is referred as
Part (a) Part (b) in all the Units.

3. Figures to the right indicate marks.

4. Answers should be written either in English or Kannada

completely.

UNIT – 1

Q.No. 1. (a) What is Economics ? Explain classical theory of Economics. Marks : 15

A¥ÜìÍÝÓÜ÷ Gí¨ÜÃæà®Üá ? ÓÜí±ÜÅ¨Ý¿á ±Üí¥Ü¨Ü ԨݜíñÜÊÜ®Üá° ËÊÜÄÔ.

OR/A¥ÜÊÝ

Discuss the Welfare definition with criticisms.

ÁãàWÜPæÒàÊÜá ÊÝÂTÝ®ÜÊÜ®Üá° qàPæÁãí©Wæ aÜbìÔ.

(b) Write short note on : Marks : 5

q±Ü³~ ŸÃæÀáÄ :
Explain opportunity cost theory.

AÊÜPÝÍÜ ÊæaÜc ԨݜíñÜÊÜ®Üá° ËÊÜÄÔ.

OR/A¥ÜÊÝ

State the central problems of an economy.

A¥ÜìÍÝÓÜ÷¨Ü ÊÜáãÆ ÓÜÊÜáÓæÂWÜÙÜ®Üá° £ÚÔÄ.

P.T.O.
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UNIT – 2

Q.No. 2. (a) Discuss the indifference curve analysis in economy. Marks : 15

B¦ìPÜñæ¿áÈÉ L¨ÝÔà®Ü ÊÜPÜÅÃæàTæ¿á ŸWæY aÜbìÔ.

OR/A¥ÜÊÝ

Explain law of Diminishing Marginal Utility.

CÚÊÜááS ÔàÊÜÞíñÜ ñÜáÑuWÜá| ¯¿áÊÜáÊÜ®Üá° ËÊÜÄÔ.

(b) Write a short note on : Marks : 5

q±Ü³~ ŸÃæÀáÄ :

Explain Determinants of Demand.

¸æàwPæ¿á ¯«ÝìÃÜPÝíÍÜWÜÙÜ®Üá° ËÊÜÄÔ.

OR/A¥ÜÊÝ

Explain consumer’s equilibrium.

A®Üá»æãàX¿á ÓÜÊÜáñæãàÆ®ÜÊÜ®Üá° ËÊÜÄÔ.

UNIT – 3

Q.No. 3. (a) What is production ? Explain the One Factor Variable Proportions
theory. Marks : 15

Eñݳ¨Ü®æ Gí¨ÜÃæà®Üá ? Jí¨Üá Eñݳ¨Ü®ÝíWÜ¨Ü Ÿ¨ÜÇÝÊÜOæ ±ÜÅÊÜÞ|¨Ü

ԨݜíñÜÊÜ®Üá° £ÚÔ.
OR/A¥ÜÊÝ

What is Law of Returns ? State the Law of Diminishing

Returns Theory.

±ÜÅ£´ÜÆ ¯¿áÊÜá Gí¨ÜÃæà®Üá ? CÚÊÜááS ±ÜÅ£´ÜÆ ¯¿áÊÜá ԨݜíñÜÊÜ®Üá° £ÚÔÄ.

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(b) Write a short note on : Marks : 5

q±Ü³~ ŸÃæÀáÄ :
Explain Iso-quant or Iso-product curve with features.

ÓÜÊÜá Eñܳ®Ü° ÃæàTæWÜÙÜ®Üá° ÆPÜÒ|WÜÙæãí©Wæ ËÊÜÄÔ.

OR/A¥ÜÊÝ

State the production function with importance.

Eñݳ¨Ü®Ý ¹íŸPÜÊÜ®Üá° A¨ÜÃÜ ±ÝÅÊÜááSÂñæÁãí©Wæ £ÚÔÄ.

UNIT – 4

Q.No. 4. (a) State the equilibrium of the firm and industry in short run. Marks : 15

AÇݳÊܗ¿áÈÉ E¨ÜÂÊÜá ÊÜáñÜᤠPæçWÝÄPæ¿á ÓÜÊÜáñæãàÆ®ÜÊÜ®Üá° £ÚÔ.

OR/A¥ÜÊÝ

What is Market ? Explain types of market and perfect competitive

market features.

ÊÜÞÃÜáPÜpær Gí¨ÜÃæà®Üá ? ÊÜÞÃÜáPÜpær¿á Ë«ÜWÜÙÜá ÊÜáñÜᤠ±ÜıÜä|ì ±æç±æäàq

ÊÜÞÃÜáPÜpær ÆPÜÒ|WÜÙÜ®Üá° ËÊÜÄÔ.
(b) Write a note on : Marks : 5

q±Ü³~ ŸÃæÀáÄ :
Discuss Monopoly Market.

HPÜÓÝÌÊÜá ÊÜÞÃÜáPÜpær¿á®Üá° aÜbìÔ.

OR/A¥ÜÊÝ

State the price and output determination under monopolistic

competition.

ÓÝÌÊÜá¿ááñÜ ±æç±æäàq¿áÈÉ ¸æÇæ ÊÜáñÜᤠEñܳ®Ü°¨Ü ¯«ÝìÃÜÊÜ®Üá° £ÚÔÄ.

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UNIT – 5

Q.No. 5. (a) What is National Income ? Explain different concepts of N.I. Marks : 15

ÃÝÑóà¿á B¨Ý¿á Gí¨ÜÃæà®Üá ? ÃÝÑóà¿á B¨Ý¿á¨Ü ËË«Ü ±ÜÄPÜƳ®æWÜÙÜ®Üá°

£ÚÔ.
OR/A¥ÜÊÝ

Explain various measurement of N.I.

ÃÝÑóà¿á B¨Ý¿á¨Ü ËË«Ü ÊÜÞ±Ü®Ü Ë«Ý®ÜWÜÙÜ®Üá° £ÚÔ.

(b) Write a short note on : Marks : 5

q±Ü³~ ŸÃæÀáÄ :
What is Macro Economics ? Explain scope of Macro Economics.

ÓÜÊÜáWÜÅ A¥ÜìÍÝÓÜ÷ Gí¨ÜÃæà®Üá ? ÓÜÊÜáWÜÅ A¥ÜìÍÝÓÜ÷¨Ü Êݲ¤¿á®Üá° ËÊÜÄÔ.

OR/A¥ÜÊÝ

Keynesian theory.

Pæà®…Õ®Ü Ô¨ÝœíñÜ .

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