VNSGU BA 2019 1st Year 2226 Economics Paper 2 Question Paper

VNSGU (Veer Narmad South Gujarat University) BA (Bachelor of Arts) 2019 1st Year 2226 Economics Paper 2 Previous Question Paper

*RAN-2226*
R A N - 2 2 2 6
RAN-2226
First Year B.A. (External) Examination
March / April - 2019
Economics Paper-1 (Micro Economics)
(Subjective Elective) (Subsidiary)

[ Total Marks: 100
k|Q"p : / Instructions
(1)
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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
2
2
6
Student's Signature
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RAN-2226 ]
[ 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 micro and macro economics? Explain the scope, importance (20)
and limitation of micro economics.
OR
Q -1 What is demand ? Explain the law of demand with the help of
diagram. discuss the assumptions and exception of law of demand. (20)
Q-2 (A) Explain the types of price elasticity of demand.
(10)
(B) Discuss the concept of income elasticity of demand.
(10)
OR
Q-2 What is indifference curve ? Explain the characteristics of indifference
Curve with diagram.
(20)
RAN-2226 ]
[ 2 ]
[ Contd.

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Q-3 Explain the law of variable proportion.
(20)
OR
Q-3 Explain the internal and external economies of scale, discuss the
advantage and disadvantages of scale.
(20)
Q-4 Give the definition of perfect competition, explain the short run and
long run equilibrium of a firm with the help of diagram in perfect
competition.
(20)
OR
Q-4 Explain the characteristics of monopolistic competition, Discuss the (20)
equilibrium of a firm and group in monopolistic competition.
Q-5 Give the meaning of money wages and real wages, explain the factors
affecting real wages.
(20)
OR
Q-5 Discuss the marginal Productivity theory of distribution.
(20)
RAN-2226 ]
[ 3 ]
[ 880 ]

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