This question paper contains ?prnied ges. 525 Your Rol No nes Subsidiary for Honours Courses AC ECONOMICS - Paper | [Economic Systems and Micro - economic Theory} Time : 3 hours ‘Maxinsum Marks :100 (Write your Roll No, on the top immediately on receipt of this question paper) Note :- Answers may he written either in English or in Hindi: but the same medium should be used throughout the paper. Rerefh — ger sweeney ar aere itch ar Bre? fre gan aver F PfSre: blader ent cere aor mean var a aber arte Attempt FIVE questions in all, selecting at least two questions from each section sles eas vt apa 2 aH ad 59 HI HR. ae ater weal & cre ay Section -A. (rs - 1) 1, ‘The central problems in all economies (capitalist, socialist and mixed) are the same, difference lies in their solution’. Explain. ‘yaa apfacen (shard, warcard, MPa) 4 dafta wrent ww wast @ srae daa wa FE) wre 20 2. Explain the ‘Product Method” of measuring Gross Domestic Prodcut. Is GDP an appropriate measure of ‘economic development ? Be Re Tene as ay verre fae wry | war Gop anf waft ar waged ATs 10, 10 3. What reasons account for inequalities of incomes in India ? Suggest suitable remedies to reduce them. are 4 ora srrartansit & OR fea | SAPS GY HH | Ysna vega BY 20 4, What factors determine a country’s occupational structure, Are agricultural economies necessarily backward ? fart ee or arerenfie char fer oat we fa oar 8 ? ar pid gurT afar sree ak & fred eth & ? 10.10 525/(100) m10. ‘Write short notes on any two (@) —Flowsofmoney (b) National capital (c) Lorenze curve. fardt ato eftra fearh feet — (@) Fars wae (2) wsita deh (@) oie a 10,10 Section-B ws — a (2) __ Explain the properties of equisatisfaction curves (b) Explain the consumer's equilibrium in the Hicksian technique. (@®) wa — waft ter oh fastoeny wasn | @ Rae H A A wate Fe went ‘Compare the Long Run Equilibrium of firm in the Perfect and Imperfect market. pt rer omph ofeetftt ara a gel ob fel ance wager a gaar we) 10.10 What is price discrimination ? How does a monopolist set the output and price in different markets ? yea fore war 8 ? wasn Ga yerterd ls aan A canes a ara Pulfta wear & 2 10.10 Critically examine the theory of Marginal Productivity. Ved conten ara ar oreo Raa afsry 20 Write short notes on any two (@) Elasticity of supply. (b) Theory of Comparative Advantage. (c) Economic Rent. ford ay oe effet fearoht fer — (@) oe a ae @ gees on aw Rar (9) gaffer errs 10,10 526/(100) (2)