RGU Question Paper Economics Semester VI 2022: History of Economic Thought

 

2022

B.A. (VI Semester) Examination

ECONOMICS

Paper: BECO-611

(History of Economic Thought)

Full Marks : 80

Pass Marks : 35%

Time : Three Hours

Notes: (i) Answer all questions.

(ii) The figures in the margin indicate full marks for the questions.

Section-I

1. Answer the following questions: 2x5=10

(a) What is mercantilism? Define.

(b) What is glut? Explain.

(c) Explain the concentration of capital.

(d) What is a representative firm?

(e) What is cottage industry?

Section-II

2. Answer any four of the of the following questions: 5x4=20

(a) Discuss the importance of trade under mercantilism.

(b) Examine the Ricardian theory of rent.

(c) What is the rate of surplus value? Discuss the reasons for falling rate of profit.

(d) Discuss the assumption of Walras' general equilibrium.

(e) Explain Kautilya's economics as narrated in the Arthashastra.

(f) Discuss Adam Smith's theory of division of labour.

Section-III

3. Answer any five of the following questions: 10×5=50

(a) Analyze the basic principles of mercantilism and evaluate its policy measures.

(b) What is physiocracy? Discuss the role of product net in physiocracy.

(c) Evaluate the Malthusian theory of population.

(d) What is capitalism? Discuss its inherent crisis.

(e) Discuss the role of time elements in the Marshallian theory of value.

(f) Discuss the drain theory of Dadabhai Naoroji and its impact on poverty in India.

(g) Evaluate the Gandhian model of development with reference to Khadi and Cottage industries.