UNIT WISE QUESTIONS.PRINCIPLES OF ECONOMICS:

TEN MARKS QUESTIONS: UNIT-1- Introduction to Economics:

1. Critically explain the wealth definition of economics.
2. What is Socialism? explain the merits and demerits of Socialism.
3. Critically explain the scarcity definition of economics.
4. What is cost? Explain the cost concepts.

SIX MARKS QUESTIONS:

1. Consumption.
2. Features of land and labor.
3. Want.
4. Good.

TEN MARKS QUESTIONS: UNIT-2- THEORIES OF CONSUMPTIONS:

1. Explain the law of Demand with the help of schedule and graph.
2. Explain the consumers equilibrium under indifferent analysis.
3. Explain the law of equi- marginal utility.

SIX MARKS QUESTIONS:

1. Properties of indifference curves.
2. Consumers surplus.
3. Forms of utility.

TEN MARKE QUESTIONS- UNIT -3- PRODUCTION:

1. Explain the law of Variable proportions.
2. Explain the features of capital and organization.

SIX MARKS QUESTIONS:

1. Production function.
2. Economies of scale.

TEN MARKS QUESTIONS-UNIT 4- MARKETS:

1. Explain the features of perfect competition market.
2. Explain the features of monopolistic competition market
3. What is Monopoly market? explain its features.

SIX MARKS QUESTIONS:

1. Price discrimination.
2. Duopoly
3. Product life cycle.

TEN MARKS QUESTIONS-UNIT-5- THEORIES OF DISTRIBUTION:

1. Explain the loanable funds theory of interest.
2. Explain the marginal productivity theory of distribution.
3. Explain the Ricardian theory of rent.

SIX MARKS QUESTIONS:

1. Wage differentials.
2. Quasi rent.
3. Money wage and Real wage.