Register No. FA1C [5670-23] (For the candidates admitted from 2017-2018 onwards) B.A. LL.B. DEGREE (SEMESTER) EXAMINATIONS, MAY 2023. (Five-year Regular Course) First Year ~ First Semester GENERAL PRINCIPLES OF ECONOMICS Time : 24 hours Maximum : 70 marke PART A — (2x 12 = 24 marks) Answer TWO of the following in about 500 words each. Acraugacaupps Prer_wMsG UGG, Aerncilpsd gosemp 500 Genpsafld Blo_wahssayd. 1. State the law of demand. Show the importance of Hickian theory in understanding the law of demand. oe AXeou mf sraybonp yi Gander gflécy Cam unger Capea ene. ee 2, Write a note on the Monopolies and Restrictive Trade Practices Act, Explain the features of the Competition Act. bp Hew anqupisg Awd iGsgud sL_sege upshl yy evengs Log Se ae phd a corer ob EOE ooo 0 3. Bring out fiscal imbalance in respect of the finance of the central government. Examine their adverse effects on the economy. wEPu spher §H& Aancinsvlc gopsempey opgrd sdend Qungengmgse QDUCL LES Blenaraysonar cers 5s. PART B— (2 x 7= 14 marks) Answer TWO of the following in about 300 words each. Peagamapper Prem qué, BESang Henresidgw apsemp 300 Gerbschia ney, . 4 Evaluate Ricardian theory of Rent. AéariGLr ames Comune ger aonwap Aswe, 5. Describe the characteristics of a good tax system. Bae afl Cpenpider Usiryscnat BHeufissayd. 6. — Describe the marginal productivity theory of wage. eSsarar @pPSpfleow 2 pupéls Ganun@ cast, https://www.tndaluonline.comPART C — (6 x 4 = 20 marks) Write short notes on FIVE of the following. Gaaguaange g6H6 Dy EMUYsdr cruppayd. (a) (b) () (da) ) © () Planned Economy PCUBCL Gungenngagid Normative science ApHupsg sewer Funetions of Central Bank ws Bus aides ueslledr Strategies of Economic planning Qunggemngny PLU WOsedlen ys Peer Functions of money uemepen QewcoumGact Provisions of World Trade Organization (WTO) 20s auigss Sood Pedr ‘The Marginal Efficiency of Capital (MEC) wosagde QGSs QewadPoer PART D — (6 x 2= 12 marks) Answer SIX of the following very briefly : Daaguaapye yr ge6 sessions Aer wehéasard (a) ) © (@ © ® ®) hy Mixed Economy sat Qungeingmgd Tax evasion ofl oii Credit creation Sir gsc Real Wages edremowmen omBurueer Division of labour Game ugoy cop ‘Two indicators of Economic growth Gungomngay averted Oyen G GHSOaer Law of supply aA AD Neo-classical school of Economic thought. Qurgaiug&ssran usu AgsrohIO syflepraciler sss). https://www.tndaluonline.com 5670-23/FA1C