Download PTU B.Sc Agriculture 2019 May 2nd Semester 72357 PRINCIPLES OF ECONOMICS Question Paper

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Total No. of Pages : 02

Total No. of Questions : 09

B.Sc. (Agriculture) (2014 & Onwards) (Sem.-2)

PRINCIPLES OF ECONOMICS

Subject Code : BSAG-202

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M.Code: 72357

Time: 3 Hrs.

Max. Marks : 60

INSTRUCTIONS TO CANDIDATES :

1. SECTION-A is COMPULSORY consisting of TEN questions carrying TWO marks each.

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2. SECTION-B contains FIVE questions carrying FIVE marks each and students have to attempt any FOUR questions.
3. SECTION-C contains THREE questions carrying TEN marks each and students have to attempt any TWO questions.

SECTION-A

Q1. Write briefly :

1. Define Economics.

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2. Differentiate between Income and wealth.
3. What factors cause increase in demand?
4. How elasticity of demand is measured?
5. Define National Income.
6. Define supply.

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7. Distinguish between perfect competition and pure competition.
8. What are the conditions of equilibrium of firm under perfect competition in short run?
9. What is Effective Demand (ED)?
10. What is Inflation?

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SECTION-B

Q2. What is consumer's surplus? How can it be measured?

Q3. Explain different types of elasticity of demand.

Q4. Describe what is the Law of Demand? What are the assumptions of the law?

Q5. What are the features of a monopoly market?

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Q6. Explain what are the problems in measurement of national income through income method?

SECTION-C

Q7. Discuss the law of Diminishing Marginal Utility. What are the limitations of this law?

Q8. Explain Marginal Productivity theory of wage determination.

Q9. Critically explain Acceleration Principle. To what extent is it helpful in explaining trade cycle?

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NOTE : Disclosure of Identity by writing Mobile No. or Making of passing request on any page of Answer Sheet will lead to UMC against the Student.

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