*2005* 2005

I/II Semester 5 Year B.A. LL.B. (Major/Minor) Examination, June/July 2015

ECONOMICS – I (Principles of Economics) (Major – Minor I)
(Minor II – Paper I)

Duration : 3 Hours Max. Marks : 100

Instructions : 1. Answer Q. No. 9 and any five of the remaining questions.

2. Q. No. 9 carries 20 marks and the remaining questions
carry 16 marks each.
3. Answers should be written either in English or Kannada
completely.

Q. No. 1. Critically examine the welfare definition of economics. Marks : 16

A¥ÜìÍÝÓÜ÷¨Ü ÁãàWÜPæÒàÊÜá¨Ü ÊÝÂTæ¿á®Üá° ËÊÜáÍÝìñܾPÜÊÝX ±ÜÄàQÒÔÄ.

Q. No. 2. Explain the features, merits and defects of capitalism. Marks : 16

ŸívÜÊÝÙÜÍÝ× A¥ÜìÊÜÂÊÜÓ槿á WÜá|ÆPÜÒ|WÜÙÜá, JÙæÛ¿á WÜá|WÜÙÜá ÊÜáñÜá¤
¨æãàÐÜWÜÙÜ®Üá° ËÊÜÄÔ.

Q. No. 3. Critically examine the law of Diminishing Marginal Utility. Marks : 16

CÚÊÜááS Aíb®Ü ñÜáÑrWÜá|¨Ü ¯¿áÊÜáÊÜ®Üá° ËÊÜáÍÝìñܾPÜÊÝX ±ÜÄàQÒÔÄ.

Q. No. 4. Explain the law of variable proportions. Marks : 16

Ÿ¨ÜÇÝWÜáÊÜ ±ÜÅÊÜÞOÝ®ÜáWÜá| ¯¿áÊÜáÊÜ®Üá° ËÊÜÄÔ.
Q. No. 5. Critically examine the Ricardian theory of Rent. Marks : 16
ÄPÝvæãìàÃÜÊÜÃÜ Wæà~ ԨݜíñÜÊÜ®Üá° ËÊÜáÍÝìñܾPÜÊÝX ËÊÜÄÔÄ.

Q. No. 6. Write notes on the following. Marks : 8×2=16

PæÙÜX®ÜÊÜâWÜÙÜ ŸWæY q±Ü³~ ŸÃæÀáÄ.
(a) Features of monopolistic competition
HPÜÓÝÌÊÜá¿ááñÜ ±æç±æäàq¿á ÆPÜÒ|WÜÙÜá
(b) Features of oligopoly.
PæÆg®Ü ÓÝÌÊÜá嬆 ÆPÜÒ|WÜÙÜá.
P.T.O.
2005 -2- *2005*

Q. No. 7. What is an indifference curve ? Explain the consumer’s equilibrium

with the help of an indifference curve. Marks : 16
E±æàQÒñÜ ÃæàTæ Gí¨ÜÃàæ ®Üá ? C¨ÜÃÜ ÊÜáãÆPÜ A®Üá»æãàX¿áá ÓÜÊáÜ ñæãàÆ®Ü樆 áÜ °
ÖæàWæ ±Üvæ¿ááñݤ®æíŸá¨Ü®Üá° ËÊÜÄÔÄ.

Q. No. 8. Explain any 2 of the following. Marks : 8×2=16

(a) Macro economics
ÓÜÊÜáWÜÅ A¥ÜìÍÝÓÜ÷
(b) Production function
Eñݳ¨Ü®Ý ¹íŸPÜ
(c) Economic laws
A¥ÜìÍÝÓÜ÷¨Ü ¯¿áÊÜáWÜÙÜá.

Q. No. 9. Write short notes on any 2 of the following. Marks : 10×2= 20

(a) Price discrimination
¸æÇæ ñÝÃÜñÜÊÜáÂ
(b) Consumer’s surplus
A®Üá»æãàX¿á A—PÜñÜ겤
(c) Innovation theory of profit.
ÇÝ»Ü¨Ü BËÐÝRÃÜ Ô¨ÝœíñÜ.

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