B.A. LL.B. (Five Years) Sem 3 Economic Theory and Public Finance 2023 Sep Question Paper - KSLU

Questions asked in this paper

UNIT - I

1. Q1 (a) What is National Income ? Explain methods of calculating National Income.
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2. Q1 OR Explain different concepts of National Income.
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3. Q1 (b) Write short note on : Difficulties in measuring National Income.
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4. Q1 OR Importance of National Income.
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UNIT - II

1. Q2 (a) Critically evaluate classical theory of employment.
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2. Q2 OR What is Effective Demand ? Explain the factors determining Effective Demand.
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3. Q2 (b) Write short note on : J. B. Say's Law of Market.
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4. Q2 OR Keynes psychological law of consumption.
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UNIT - III

1. Q3 (a) Explain the Balanced theory of Growth.
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2. Q3 OR Explain critical minimum effort theory.
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3. Q3 (b) Write short note on : Differences between Economic Growth and Economic Development.
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4. Q3 OR Vicious circle of poverty.
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UNIT - IV

1. Q4 (a) What is Tax ? Explain the merits and demerits of Direct Tax.
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2. Q4 OR What is Public Debt ? Explain the methods of repayment of public debt.
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3. Q4 (b) Write short note on : Features of Good Tax System.
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4. Q4 OR Meaning and types of Public Expenditure.
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UNIT - V

1. Q5 (a) Write the meaning, structure and components of Budget.
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2. Q5 OR What is deficit financing ? Explain the merits and defects of deficit financing.
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3. Q5 (b) Write short note on : Types of Budget.
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4. Q5 OR Primary deficit and Fiscal 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.