B.A. LL.B. (Five Years) Sem 3 Economic Theory and Public Finance 2019 Dec Question Paper - KSLU

Questions asked in this paper

UNIT - I

1. Q1 (a) Define national income. Explain the various methods of estimating national income.
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2. Q1 OR What is national income ? Explain the problems in the estimation of national income.
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3. Q1 (b) GNP and NNP.
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4. Q1 OR PI and DPI.
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UNIT - II

1. Q2 (a) Explain the concept of effective demand with suitable diagram.
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2. Q2 OR "Supply creates its own demand". Discuss.
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3. Q2 (b) Psychological theory of consumption
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4. Q2 OR Types of trade cycles.
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UNIT - III

1. Q3 (a) Define poverty. Explain the concept of vicious circle of poverty.
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2. Q3 OR Explain the important determinants of economic development.
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3. Q3 (b) Theory of Balanced Growth.
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4. Q3 OR Technology and economic development.
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UNIT - IV

1. Q4 (a) Explain the reasons for increasing public expenditure in recent days.
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2. Q4 OR What is taxation ? Explain the various canons of taxation.
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3. Q4 (b) Redemption of public debt.
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4. Q4 OR Merits and demerits of direct taxes.
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UNIT - V

1. Q5 (a) Explain the role of deficit financing to achieve economic development of LDC's.
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2. Q5 OR Discuss the various canons of budgeting.
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3. Q5 (b) Types of Budget.
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4. Q5 OR Fiscal and Budgetary deficit.
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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.