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

Questions asked in this paper

Write a note on :

1. Q1 (a) Define National Income. Explain the various concepts of National Income.
   Read the model answer
2. Q1 (b) Difficulties in the calculation of national income.
   Read the model answer

Write a note on :

1. Q2 (a) Explain the various methods of estimating National Income.
   Read the model answer
2. Q2 (b) Personal income and personal disposable income.
   Read the model answer

Write a note on :

1. Q3 (a) Explain the Keynesian theory of employment.
   Read the model answer
2. Q3 (b) Say's law of market.
   Read the model answer

Write a note on :

1. Q4 (a) Explain the different phases of trade cycles.
   Read the model answer
2. Q4 (b) Control of business cycle.
   Read the model answer

Write a note on :

1. Q5 (a) Explain the factors determining economic development.
   Read the model answer
2. Q5 (b) Vicious circle of poverty.
   Read the model answer

Write a note on :

1. Q6 (a) Explain the balanced growth theory of economic development.
   Read the model answer
2. Q6 (b) Big-push theory.
   Read the model answer

Write a note on :

1. Q7 (a) Explain the various sources of public revenue.
   Read the model answer
2. Q7 (b) Public debt.
   Read the model answer

Write a note on :

1. Q8 (a) Explain the various items of expenditure of the Central Govt.
   Read the model answer
2. Q8 (b) Merits and demerits of direct taxes.
   Read the model answer

Write a note on :

1. Q9 (a) Explain the merits and demerits of the deficit financing.
   Read the model answer
2. Q9 (b) Types of budget.
   Read the model answer

Write a note on :

1. Q10 (a) Explain the different types of deficit financing.
   Read the model answer
2. Q10 (b) Balanced budget and unbalanced budget.
   Read the model answer

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.