B.A. LL.B. (Five Years) Sem 3 Economic Theory and Public Finance 2026 Jan (100 marks) Question Paper - KSLU

Questions asked in this paper

1. Q1 Explain the various methods of estimating national income.
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2. Q2 Explain J. M. Keynes theory of employment.
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3. Q3 Distinguish between 'Economic Growth' and 'Economic Development' and explain the factors determining economic development.
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4. Q4 Explain the various canons of taxation.
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5. Q5 Explain the meaning, objectives and components of a budget.
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6. Q6 Explain the merits and demerits of direct and indirect taxes.
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7. Q7 Critically evaluate the critical minimum effort theory.
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Write short note on any two of the following :

1. Q8 (a) Phases of trade cycle.
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2. Q8 (b) Difficulties in estimating the national income.
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3. Q8 (c) Objectives of deficit financing.
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Explain any two of the following :

1. Q9 (a) Concepts of national income.
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2. Q9 (b) Advantages of the theory of balanced growth.
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3. Q9 (c) Principle of maximum social advantage.
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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.