B.A. LL.B. (Five Years) Sem 3 Economic Theory and Public Finance 2021 Oct (100 marks) Question Paper - KSLU

Questions asked in this paper

1. Q1 Define National Income. Explain the concepts of National Income.
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2. Q2 Critically examine the J. M. Keynes theory of employment.
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3. Q3 Explain the factors determining economic development.
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4. Q4 Explain the various sources of revenue of the Central Government.
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5. Q5 What is deficit financing ? Explain the merits and defects of deficit finance.
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6. Q6 Critically explain the Big-push theory.
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7. Q7 Explain the different methods of repaying of public debt.
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8. Q8 What is trade cycle ? Explain the phases of trade cycle.
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9. Q9 What is tax ? Explain the canons of taxation.
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Write short notes on any two of the following :

1. Q10 (a) Vicious circle of poverty.
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2. Q10 (b) Characteristics of a good tax system.
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3. Q10 (c) Classification of public expenditure.
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Write short notes on any two of the following :

1. Q11 (a) Say's law of market.
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2. Q11 (b) Merits and defects of indirect taxes.
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3. Q11 (c) Unbalanced growth theory.
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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.