B.A. LL.B. (Five Years) Sem 3 Economic Theory and Public Finance 2025 Jun Question Paper - KSLU

Questions asked in this paper

UNIT - I

1. Q1 (a) Define national income ? Explain concepts of national income.
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2. Q1 OR What is national income ? Explain the various methods of estimation of national income.
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3. Q1 (b) Write a note on : Difficulties in the calculation of national income.
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4. Q1 OR Need for social accounting.
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UNIT - II

1. Q2 (a) Critically explain J. B. Say's law of market.
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2. Q2 OR Critically explain J. M. Keynes theory of employment.
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3. Q2 (b) Write a note on : Trade cycle.
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4. Q2 OR Effective demand.
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UNIT - III

1. Q3 (a) Explain the important determinants of economic development.
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2. Q3 OR Critically explain the unbalanced theory of economic growth.
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3. Q3 (b) Write a note on : Balanced growth theory.
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4. Q3 OR Vicious circle of poverty.
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UNIT - IV

1. Q4 (a) Explain the various items of expenditure of the central government.
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2. Q4 OR What is a tax ? Explain the various canon's of taxation.
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3. Q4 (b) Write a note on : Direct taxes.
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4. Q4 OR Public revenue.
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UNIT - V

1. Q5 (a) Define budget. Explain types of budget.
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2. Q5 OR What is deficit financing ? Explain its importance and limitations.
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3. Q5 (b) Write a note on : Components of budget.
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4. Q5 OR Types of deficit financing.
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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.