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Posted Date: 19 Sep 2017      Posted By:: Md Naushad    Member Level: Bronze  Points: 3 (Rs. 2)

2017 Commerce Maulana Mazharul Haque Arabic & Persian University, Patna B.Com. Part-I, Principle of Economics Question paper

Course: B.Com   University/board: Maulana Mazharul Haque Arabic & Persian University

Are you looking for the old question papers of Maulana Mazharul Haque Arabic & Persian University, Patna University B.Com.? Here is the previous year question paper from Maulana Mazharul Haque Arabic & Persian University, Patna University. This is the original question paper from the B.Com. (Part-1) exam conducted by Maulana Mazharul Haque Arabic & Persian University, Patna University in year 2017. Feel free to download the question paper from here and use it to prepare for your upcoming exams.


Principles of Economics


Time : 3 Hours

Full Marks : 100

Candidates are required to give their answers in their own words as far as practicable.

The questions are of equal value.

Answer any Five questions.

1. Discuss the nature and scope of Economics.

2. Critically examine the definition of Economics given by Marshall.

3. Discuss the characteristics of Socialism.

4. What is Micro Economics ? Distinguish between Micro Economics and Macro Economics.

5. Define Elasticity of Demand and discuss the factors which influence Elasticity of demand.

6. What do you mean by Production Function ? Mention its characteristics.

7. How is price determined under monopoly ? Explain ?

8. Define National Income ? What are difficulties in measuring National Income ?

9. Critically explain the Ricardo's theories of Rent.

10. Write short notes on any two of the following :

(a) Mixed Economy

(b) Profit

(c) Law of demand

(d) Law of diminishing Marginal utility

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