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3 (Sem–1/CBCS) ECO HC 1 ( 2 )
(c) What is a supply schedule?

2020 ë™àKà> ">åÎèW¡ã ³àì> [A¡?
( Held in April–May, 2021 )
(d) Give the meaning of consumer’s surplus.
l¡üšì®¡àv¡û¡à¹ l¡üõv¡¹ "=¢ [ƒÚà¡ú
ECONOMICS
( Honours ) (e) Mention one feature of mixed economic
system.
Paper : ECO–HC–1016 [³Åø "=¢ ¤¸¯Ñ‚à¹ &i¡à í¤[ÅÊ¡¸ l¡üìÀJ A¡¹à¡ú
( Microeconomics )
(f) Define price line.
Full Marks : 80 ƒ¹ ë¹Jà¹ Î}`¡à [ƒÚà¡ú
Time : 3 hours
(g) What is marginal rate of substitution?
The figures in the margin indicate full marks
šø[t¡A¡¿¹ šøà[”zA¡ Òà¹ [A¡?
for the questions
Answer either in English or in Assamese (h) What is derived demand?
1. Answer the following questions : 1×10=10 l¡ü±ét¡ W¡à[Òƒà [A¡?

t¡º¹ šøÅ—ì¤à¹¹ l¡üv¡¹ [ƒÚà :
(i) What is monopoly market?
(a) Give the meaning of Property Right.
&A¡ìW¡[i¡Úà ¤\à¹ [A¡?
Î´š[v¡ Ñ¬w ¤à "[A¡à¹¹ "=¢ [ƒÚà¡ú
(j) Define a Giffen good.
(b) Define an economic system.
"=¢ ¤¸¯Ñ‚à¹ Î}`¡à [ºJà¡ú [Kìó¡> ¤¸¹ Î}`¡à [ƒÚà¡ú
1-21/50 ( Turn Over ) 1-21/50 ( Continued )

( 3 ) ( 4 )
2. Write short answers of the following (e) Explain the transitivity assumption of
questions : 2×5=10 indifference curve.
t¡º¹ šøÅ—ì¤à¹¹ W¡³å l¡üv¡¹ [ºJà : [>¹ìšÛ¡ ë¹Jà¹ Î}K[t¡šèo¢ "à¹ç¡ Î}yû¡³oÅãºt¡à¹
"[®¡à¹oà [A¡, ¤¸àJ¸à A¡¹à¡ú
(a) What is the problem of scarcity and
choice in economics?
"=¢>ã[t¡t¡ "šøàWå¡™¢t¡à "à¹ç¡ šá–ƒ¹ Î³Î¸à [A¡? 3. Answer any four of the following questions :
5×4=20
(b) Give the difference between Individual t¡º¹ šøÅ—ì¤à¹¹ [™ ëA¡àì>à W¡à[¹i¡à¹ l¡üv¡¹ [ƒÚà :
demand and Market demand.
(a) Briefly discuss the various graphs mostly
¤¸[v¡û¡Kt¡ W¡à[Òƒà "à¹ç¡ ¤\à¹ W¡à[Òƒà¹ ³à\t¡ šà=¢A¡¸
used in the study of economics.
ëƒJå*¯à¡ú
"=¢>ã[t¡t¡ ¤¸¯Òà¹ ëÒà¯à [¤[®¡Ä ëºJÎ³èÒ¹ [¤ÈìÚ W¡³åîA¡
"àìºàW¡>à A¡¹à¡ú
(c) What do the following slopes indicate?
t¡ºt¡ [ƒÚà n¡àº ë¹JàÒü [A¡ ¤å\àÚ? (b) Give the meanings of price rationing and
opportunity set.
(i) Curve with positive slope
ƒ¹ rationing "à¹ç¡ Îåì™àK Î}Ò[t¡¹ "=¢ [ºJà¡ú
>àuA¡ n¡àº ë¹Jà ($¢kKà³ã)
(ii) Curve with negative slope (c) Explain why indifference curves are
always convex to the origin.
˜¡oàuA¡ n¡àº ë¹Jà ([>³—³åJã)
[>¹ìšÛ¡ ë¹Jàl¡àº ÎƒàÚ l¡ü;š[v¡ Ñ‚º¹ ó¡àìº l¡üv¡º [A¡Ú,
¤¸àJ¸à A¡¹à¡ú
(d) Distinguish between Cardinal and
Ordinal approach to utility.
(d) Why is the supply curve of labour
Î}J¸à¤àW¡A¡ "à¹ç¡ Ñz¹¤àW¡A¡ ¤à š™¢àÚ¤àW¡A¡ l¡üšì™à[Kt¡à¹ backward bending?
³à\t¡ šà=¢A¡¸ ëƒJå*¯à¡ú Åø³¹ ë™àKà> ë¹Jà [šáó¡àìº ®ò¡à\ìJà¯à [A¡Ú ÒÚ?

( 5 ) ( 6 )
(e) What is meant by cost of production? (b) Describe elasticity of demand and its
Give the various concepts of production application in economics. 5+5=10
costs in brief.
W¡à[Òƒà¹ [Ñ‚[t¡Ñ‚àšA¡t¡à "à¹ç¡ "=¢>ã[t¡t¡ ÒüÚà¹ šøìÚàK ¤o¢>à
l¡ü;šàƒ> ¤¸Ú ¤å[ºìº [A¡ ¤å\àÚ? l¡ü;šàƒ> ¤¸Ú¹ [¤[®¡Ä A¡¹à¡ú
à¹oàÎ³èÒ W¡³åîA¡ [ºJà¡ú
Or / "=¤à
(f) Mention the characteristics of imperfect How is efficiency of market linked with
competitive market structure and briefly producers’ and consumers’ surplus?
explain. Explain. 10
"šèo¢ šø[t¡ì™à[Kt¡à³èºA¡ ¤\à¹ ¤¸¯Ñ‚à¹ í¤[ÅÊ¡¸Î³èÒ l¡üìÀJ l¡ü;šàƒA¡¹ l¡üõv¡ "à¹ç¡ ë®¡àv¡û¡à¹ l¡üõv¡¹ ºKt¡ ¤\à¹¹
A¡[¹ W¡³åîA¡ ¤¸àJ¸à A¡¹à¡ú ƒÛ¡t¡à¹ [A¡ Î´¬Þê¡ "àìá, ¤¸àJ¸à A¡¹à¡ú
(c) What are short-run and long-run costs of

4. Answer the following questions : 10×4=40 production? Give the difference between
fixed costs and variable costs with
t¡º¹ šøÅ—ì¤à¹¹ l¡üv¡¹ [ƒÚà : diagram. 5+5=10
(a) Write a note on the different forms of ÒùÑ¬A¡àºã> "à¹ç¡ ƒãQ¢A¡àºã> l¡ü;šàƒ> ¤¸Ú ³àì> [A¡? [W¡y¹
economic systems with their merits and ÎÒàÚt¡ [Ñ‚¹ ¤¸Ú "à¹ç¡ š[¹¯t¢¡>Åãº ¤¸Ú¹ šà=¢A¡¸
demerits. 4+3+3=10 ëƒJå*¯à¡ú
[¤[®¡Ä "=¢î>[t¡A¡ ¤¸¯Ñ‚àÎ³èÒ¹ *š¹t¡ &i¡à ëi¡àA¡à [ºJà Or / "=¤à
"à¹ç¡ ÒüÚà¹ P¡o "à¹ç¡ yç¡[i¡Î³èÒ¹ [¤ÈìÚ [ºJà¡ú
Explain the role of antitrust law in
Or / "=¤à reducing monopoly power. Mention the
reasons which allows a firm to enjoy
What are the determinants of individual monopoly power. 5+5=10
and market demand? Discuss. 10
&A¡ìW¡[i¡Úà ¤¸¯ÎàÚ Å[v¡û¡ ÒùàÎ A¡¹àt¡ >¸àÎ[¤ì¹àã "àÒü>¹
¤¸[v¡û¡Kt¡ W¡à[Òƒà "à¹ç¡ ¤\à¹ W¡à[Òƒà¹ [>¢à¹A¡Î³èÒ [A¡
®è¡[³A¡à [A¡, ¤¸àJ¸à A¡¹à¡ú &i¡à šø[t¡Ë¡àì> [A¡ [A¡ A¡à¹ot¡
[A¡? "àìºàW¡>à A¡¹à¡ú
&A¡ìW¡[i¡Úà "[A¡à¹ šà¤ šàì¹, l¡üìÀJ A¡¹à¡ú
( 7 )
(d) What is substitution effect? Explain the

concept of substitution effect with the
help of Hicksian method of compensating
variation of income. 2+8=10
šø[t¡A¡¿ [¤šàA¡ [A¡? [ÒG¹ "àÚ¹ Û¡[t¡šè¹o š[¹¯t¢¡>
šý¡[t¡¹ à¹à šø[t¡A¡¿ [¤šàA¡ ¤¸àJ¸à A¡¹à¡ú
Or / "=¤à
Explain the process of consumer’s

optimum choice with the help of
indifference curve approach. 10
[>¹ìšÛ¡ ë¹Jà [¤ìÅÃÈo¹ ÎÒàÚt¡ ë®¡àv¡û¡à¹ A¡à³¸ šá–ƒ
šø[yû¡Úàìi¡à ¤¸àJ¸à A¡¹à¡ú
HHH
1-21—6000/50 3 (Sem–1/CBCS) ECO HC 1

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3 (Sem–1/CBCS) ECO HC 1 ( 2 )

(c) What is a supply schedule?

Answer either in English or in Assamese (h) What is derived demand?

1. Answer the following questions : 1×10=10 l¡ü±ét¡ W¡à[Òƒà [A¡?

1-21/50 ( Turn Over ) 1-21/50 ( Continued )

1-21/50 ( Turn Over ) 1-21/50 ( Continued )

(c) What are short-run and long-run costs of

(d) What is substitution effect? Explain the

Explain the process of consumer’s

1-21—6000/50 3 (Sem–1/CBCS) ECO HC 1

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Copyright

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3 (Sem–1/CBCS) ECO HC 1 ( 2 )

(c) What is a supply schedule?

Answer either in English or in Assamese (h) What is derived demand?

1. Answer the following questions : 1×10=10 l¡ü±ét¡ W¡à[Òƒà [A¡?

1-21/50 ( Turn Over ) 1-21/50 ( Continued )

1-21/50 ( Turn Over ) 1-21/50 ( Continued )

(c) What are short-run and long-run costs of

(d) What is substitution effect? Explain the

Explain the process of consumer’s

1-21—6000/50 3 (Sem–1/CBCS) ECO HC 1

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1. Answer the following questions : 1×10=10 l¡ü±ét¡ W¡à[Òƒà [A¡?