B.A. LL.B. (Five Years) Sem 3 Economic Theory and Public Finance 2016 Dec Question Paper - KSLU

Questions asked in this paper

1. Q1 What is national income ? Explain different concepts of national income.
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2. Q2 Briefly explain the Keynesian Theory of employment. What are its criticism.
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3. Q3 What is trade cycle ? What are its phases ?
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4. Q4 What is economic development ? What are the factors determining economic development ?
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5. Q5 Briefly explain the balanced growth theory of economic development.
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6. Q6 Briefly explain the various sources of public revenue.
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7. Q7 What is deficit financing ? Explain its importance and limitations.
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Write short note on any two of the following :

1. Q8 (a) Say's law of market.
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2. Q8 (b) Vicious circle of poverty.
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3. Q8 (c) Difficulties in calculation of National Income.
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Answer any two of the following :

1. Q9 (a) Big Push Theory.
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2. Q9 (b) Public debt.
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3. Q9 (c) Classification of public expenditure.
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Typed from the KSLU paper above. The paper is the original. Long reading passages are shortened here to their first and last lines and a summary.