Description

Uttar Pradesh Rajarshi Tandon Open University (UPRTOU)

Bachelor of Arts Programme (B.A.)
First Semester, Session: 2024-2025

Subject : Economics
Subject Code : UGEC
Course Title : Principle of Economics
Course Code: UGEC-101 (N)

Note: Question paper has two parts, section ‘A’ and Section ‘B’ and all questions are compulsory to attempts. Section ‘A’ requires to answer in 200-300 words and Section ‘B’ requires to answer in 500-800 words. Marks are given with each questions.

Section ‘A’
1. Define the National Income.
2. What do you understand by National Income .
3. Define the elasticity of Demand.
4. Describe the Micro Economics.
5. What do you understand by returns to scale?
6. What do you understand by Market?

Section ‘B’
7. Describe the importance of National income in economic development.
8. Critically evaluate the Indifference Curve .
9. What do you understand by perfect competition and Describe the equilibrium process in perfect competition.