VNSGU BA 2019 1st Year 2115 Economics Paper 1 (Micro Economics) Question Paper

VNSGU (Veer Narmad South Gujarat University) BA (Bachelor of Arts) 2019 1st Year 2115 Economics Paper 1 (Micro Economics) Previous Question Paper

*RAN-2115*
R A N - 2 1 1 5
RAN-2115
First Year B.A. (External) Examination
March / April - 2019
Economics Paper-1 (Micro Economics)
Core Course (Principal)

[ Total Marks: 100
k|Q"p : / Instructions
(1)
"uQ? v$ip?h?g r"ip"uhpmu rhNsp? D?fhlu `f Ah?e gMhu.
Seat No.:
Fill up strictly the details of signs on your answer book
Name of the Examination:
First Year B.A. (External)
Name of the Subject :
Economics Paper-1 (Micro Economics)
Subject Code No.: 2
1
1
5
Student's Signature
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RAN-2115 ]
[ 1 ]
[ P.T.O. ]

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ENGLISH VERSION
Instructions: (1) As per the instruction No. 1 of Page No.l
(2) Figures to the right indicate full marks of the question.
Q -1 What is macro economics? Explain the scope, importance and limitation
of macro economics.
(20)
OR
Q-1 (A) Discuss the definition of welfare oriented economics.
(10)
(B) Discuss the factors affecting supply
(10)
Q-2 What is Production function ? Discuss the three stages of law of
variable Proportion with the help of diagram.
(20)
OR
Q-2 (A) Explain the concept of consumer's surplus.
(10)
(B) Explain the concept of income elasticity of demand.
(10)
RAN-2115 ]
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[ Contd.

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Q -3 What are internal and external economies of scale. Discuss in detail
the economies and dis-economies of scale.
(20)
OR
Q-3 (A) Explain long run average cost curve with the help of diagram.
(10)
(B) Discuss the characteristics of monopolistic competition.
(10)
Q-4 What is Price leadership ? State the characteristics of price leadership.
Discuss necessary conditions for price leadership.
(20)
OR
Q-4 Critically discuss the marginal Productivity theory of distribution.
(20)
Q-5 What is differential rent ? critically evaluate the theory of differential
rent of David Ricardo.
(20)
OR
Q-5 (A) Discuss the reasons for wage difference in different occupation.
(10)
(B) Innovation and Profit.
(10)
RAN-2115 ]
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[ 1280 ]

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