B.A. LL.B. (Five Years) Sem 3 Economic Theory and Public Finance 2022 Oct 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) Write a note on : Concepts of National Income.
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4. Q1 OR Personal income and disposable income.
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UNIT - II

1. Q2 (a) Explain the Keynesian theory of employment and income.
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2. Q2 OR What is trade cycle ? What are its phases ?
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3. Q2 (b) Write a note on : "Supply creates its own demand". Discuss.
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4. Q2 OR Various measures to control trade cycles.
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UNIT - III

1. Q3 (a) Critically examine the balanced theory of economic growth.
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2. Q3 OR Define poverty. Explain the concept of vicious circle of poverty.
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3. Q3 (b) Write a note on : Determination of economic development.
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4. Q3 OR Big push theory.
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UNIT - IV

1. Q4 (a) Explain the various sources of public revenue.
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2. Q4 OR What is tax ? Explain the merits and defects of direct taxes.
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3. Q4 (b) Write a note on : Public debt.
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4. Q4 OR Different types of taxes.
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UNIT - V

1. Q5 (a) Explain the role of deficit financing to achieve economic development of underdeveloped countries.
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2. Q5 OR Define Budget. Explain components of Budgets.
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3. Q5 (b) Write a note on : Fiscal and budgetary deficit.
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4. Q5 OR Types of Budget.
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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.