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

Questions asked in this paper

UNIT - I

1. Q1 (a) What is National Income ? Explain the various measuring methods of National Income.
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2. Q1 OR Explain the problems facing in the calculation of National Income.
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3. Q1 (b) Write a note on : G.N.P. and NNP.
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4. Q1 OR NNP at factor cost and NI.
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UNIT - II

1. Q2 (a) Explain the Keynesian concept of effective demand with suitable diagram.
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2. Q2 OR Explain the various phases of trade cycle with suitable diagram.
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3. Q2 (b) Write a note on : Psychological law of consumption.
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4. Q2 OR Types of trade cycle.
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UNIT - III

1. Q3 (a) Explain the various determinant factors of economic development.
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2. Q3 OR Discuss the Big push theory of economic development.
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3. Q3 (b) Write a note on : Reasons for poverty.
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4. Q3 OR Minimum effort theory.
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UNIT - IV

1. Q4 (a) Define Public Expenditure. Explain its effects on the economy.
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2. Q4 OR Explain the various canons of taxation.
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3. Q4 (b) Write a note on : Administrative Revenues.
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4. Q4 OR Plan and non-plan expenditure.
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UNIT - V

1. Q5 (a) Define deficit financing. Explain its effects on developing economy.
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2. Q5 OR Explain primary, fiscal and budgetary deficit.
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3. Q5 (b) Write a note on : Balanced and unbalanced budget.
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4. Q5 OR Reasons for deficit 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.