*2021* 2021

III/IV Semester 5 Year B.A. LL.B. (Maj.-Min.) Examination,

December 2016
Major – 3 : Minor – II – Paper – 3 : ECONOMICS
Economic Theory and Public Finance

Duration : 3 Hours Max. Marks : 100

Instructions : 1. Answer Q. No. 9 and any five of the following.

2. Q. No. 9 carries 20 marks and the remaining questions
carry 16 marks each.
3. Answers should be written either in English or Kannada
completely.

Q. No. 1. What is national income ? Explain different concepts of national

income. Marks : 16
ÃÝÑóà¿á B¨Ý¿á Gí¨ÜÃæà®Üá ? C¨ÜÃÜ ËË«Ü ±ÜÄPÜƳ®æ¿á®Üá° ËÊÜÄÔÄ.

Q. No. 2. Briefly explain the Keynesian Theory of employment. What are

its criticism. Marks : 16
PæஅÕÃÜÊÜÃÜ E¨æãÂàWÜ Ô¨ÝœíñÜÊÜ®Üá° ËÊÜÄÔÄ. C¨ÜÃÜ qàPæWÜÙÜá ¿ÞÊÜâÊÜâ ?

Q. No. 3. What is trade cycle ? What are its phases ? Marks : 16

B¦ìPÜ BÊÜñÜìWÜÙÜá Gí¨ÜÃæà®Üá ? C¨ÜÃÜ ÖÜíñÜWÜÙÜá ¿ÞÊÜâÊÜâ ?

Q. No. 4. What is economic development ? What are the factors

determining economic development ? Marks : 16
B¦ìPÜ A¼ÊÜ꩜ Gí¨ÜÃæà®Üá ? B¦ìPÜ A¼ÊÜ꩜¿á®Üá° ¯«ÜìÄÓÜáÊÜ AíÍÜWÜÙÜá
¿ÞÊÜâÊÜâ ?

Q. No. 5. Briefly explain the balanced growth theory of economic

development. Marks : 16
B¦ìPÜ A¼ÊÜ꩜¿á ÓÜÊÜáñæãàÆ®Ü ¸æÙÜÊÜ~Wæ ԨݜíñÜÊÜ®Üá° ËÊÜÄÔÄ.

P.T.O.
2021 *2021*
Q. No. 6. Briefly explain the various sources of public revenue. Marks : 16
ÓÝÊÜìg¯PÜ ÊÜÃÜÊÜÞ®Ü¨Ü ËË«Ü ÊÜáãÆWÜÙÜá ¿ÞÊÜâÊÜâ ?
Q. No. 7. What is deficit financing ? Explain its importance and limitations. Marks : 16
PæãÃÜñæ ÖÜ|PÝÓÜá Gí¨ÜÃæà®Üá ? C¨ÜÃÜ ±ÝÅÊÜááSÂñæ ÊÜáñÜᤠË᣿á®Üá°
ËÊÜÄÔÄ.
Q. No. 8. Write short note on any two of the following : Marks : 2×8=16
PæÙÜX®Ü ¿ÞÊÜâ¨Ý¨ÜÃÜã GÃÜvÜá ±ÜÅÍæ°WÜÚWæ EñܤÄÔÄ :
(a) Say’s law of market.
ÓæàÃÜÊÜÃÜ ÊÜÞÃÜáPÜpær ԨݜíñÜ.
(b) Vicious circle of poverty.
ŸvÜñÜ®Ü¨Ü ËÐÜ ÊÜñÜáìÆ.
(c) Difficulties in calculation of National Income.
ÃÝÑóà¿á B¨Ý¿á ÊÜÞ±Ü®Ü¨Ü ñæãvÜPÜáWÜÙÜá.

Q. No. 9. Answer any two of the following : Marks : 2×10=20

PæÙÜX®Ü ¿ÞÊÜâ¨Ý¨ÜÃÜã GÃÜvÜá ±ÜÅÍæ°WÜÚWæ EñܤÄÔÄ :
(a) Big Push Theory.
ŸêÖÜñ… ±ÜÅ¿áñÜ° ԨݜíñÜ.
(b) Public debt.
ÓÝÊÜìg¯PÜ ÓÝÆ.
(c) Classification of public expenditure.
ÓÝÊÜìg¯PÜ ÊæaÜc¨Ü ËíWÜvÜ®æ.

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