ECONOMICS-3-ECONOMIC THEORY AND PUBLIC FINANCE-IMPORTANT QUESTIONS

UNIT-1- NATIONAL INCOME

TEN MARKS QUESTIONS:

1. What is national income. explain the methods of estimation.
2. Define national income. explain the concepts of national income.

SIX MARKS QUESTIONS:

1. Importance of estimation of national income
2. Difficulties in the calculation of national income.

UNIT-2- THEORIES OF EMPLOYMENT.

TEN MARKS QUESTIONS:

1. Critically explain the Says law of Markets.
2. Briefly explain the Keynesian theory of employment.
3. Explain briefly the phases of business cycle.

SIX MARKS QUESTIONS:

1. Features of business cycle
2. control of business cycle.

UNIT-2- ECONOMIC GROWTH AND ECONOMIC DEVELOPMENT

TEN MARKS QUESTIONS:

1. What is economic development? explain the determinants of economic development.
2. Briefly explain the Big push theory of Rosestein Rodan.
3. What is vicious circle of poverty. explain the determinants of below poverty line.

SIX MARKS QUESTIONS:

1. Economic growth and economic development.
2. Balanced growth and unbalance growth.
3. Minimum effort thesis

UNIT-4- PUBLIC FINANCE

TEN MARKS QUESTIONS:

1. Briefly explain the sources of public finance.
2. What is public expenditure. explain the items of public expenditure.
3. What is public Debt. explain the types and repayment of public debt.

SIX MARKS QUESTIONS:

1. Characteristics of a good tax system.
2. Direct Tax

UNIT-5- BUDGET

TEN MARKS QUESTIONS

1. Define Budget? explain the components of budget.
2. what is budget deficit? explain the types of budget deficits.

SIX MARKS QUESTIONS:

1. Balanced budget v/s Unbalanced budget
2. Deficit financing