SYMBIOSIS INTERNATIONAL (DEEMED UNIVERSITY)

(Established Under Section 3 of the UGC Act 1956)

Re-accredited by NAAC with ‘A’ grade (3.58/4)| Awarded Category – I by UGC

Seat
No.

Institute : (0104) SYMBIOSIS LAW SCHOOL, NAGPUR

Programme : (010421) Bachelor of Arts and Bachelor of Laws

Batch : 2019-24

Semester : III

Course : ECONOMICS

Course Code : 0104210304

Date : 10/12/2020 Maximum Marks: 45

Day : Thursday Time : 10:00 AM – 11:30 PM

INSTRUCTIONS:

1. Read the instructions carefully, before writing the Exam. Fill all the details on the Answer Booklet.
2. All questions are compulsory & each carries 15 marks.
3. The Students can either type the answers in the attached answer booklet or manually write the
answers in the answer booklet and share the scanned copy of the answer booklet.

Q 1 (A) Explain in your own words, how the Economic activities help in the overall
development of a Nation.
(CO-1)

OR

Q 1 (B) What are the reasons that cause Recession, Deflation & Inflation? Explain by
giving a suitable example for each of them.
(CO-2)

Q 2 (A) What according to you is Brand Loyalty? What leads to the repetitive buying by
a customer - for a specific product or service?
(CO-3)

OR

Page 1 of 2
SYMBIOSIS INTERNATIONAL (DEEMED UNIVERSITY)
(Established Under Section 3 of the UGC Act 1956)
Re-accredited by NAAC with ‘A’ grade (3.58/4)| Awarded Category – I by UGC

Seat
No.

Q 2 (B) A person consumes Tea on a daily basis. The price of Tea increases and his
preference shifts from Tea to Coffee. What is this Transition known as, in simple
terms? For how long does this continue?
(CO-4)

Q 3 (A) In terms of market share – who is better and why? Domino’s or Pizza Hut.

(CO-5)

OR

Q.3 (B) How do banks prevent frauds? Give your own reasoning.
(CO-6)

Page 2 of 2