BAG205 1
BAG205 1
ROLL NO:
(To fill the roll no is compulsory) NOTE: Attempt all the questions. (5 × 2 × 2 = 20 Marks)
Q.3. (i) (a) What do you mean by elasticity of demand?
OR
(b) Discuss the factors affecting the demand.
EVEN SEMESTER EXAMINATIONS: 2023-24
B.Sc. (Hons.) Agriculture (ii) (a What is national income?
Semester: II OR
SUBJECT CODE: BAG205 (b) Classify the term market in brief.
FUNDAMENTAL OF AGRICULTURAL ECONOMICS
Q.4. (i) (a) Describe law of diminishing marginal utility with suitable graph.
Time: 3 Hours Maximum Marks: 50
____________________________________________________________________ OR
NOTE: THE QUESTION PAPER CONTAINS THREE SECTIONS. (b) Explain law of substitution/equi-marginal utility.
ATTEMPT ALL THE SECTIONS. (ii) (a) What is the difference between direct and indirect taxes?
SECTION- A
OR
NOTE: Attempt all the questions. (10 Marks) (b) What do you mean by indifference curve?
Q. 1. Define the following terms: (5 × 1 = 5 Marks)
SECTION-C
a. Consumer surplus
b. Factor production NOTE: Attempt all questions. (10 × 2 = 20 Marks)
c. Law of Supply Q.5. (a) Explain about the input-output relationship returns with the help of a
d. Goods suitable diagram.
e. Utility OR
Q. 2. Answer the following questions: (5 × 1 = 5 Marks)
(b) Discuss about goods. Also give the brief classification of goods.
a. What is price demand?
b. Who is the father of economics? Q.6. (a) What do you mean by law of return? Discuss about different types of
c. Write the full form of GDP. return to scale.
d. Define cross demand.
e. What do you mean by monopoly? OR
(b) Write about the meaning, definition, nature and scope of agricultural
economics.
(1) (2)