0471(LLB)

Critically discuss the Adam Smith theory of economic ... 0471(LLB) Q. No. 7. Write a short note on any two of the following : Marks : 2×5=10 (@ A > $*...

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0471(LLB)

*0471LLB*

IV Semester 5 Year B.A.LL.B. (Hons.) Examination, June/July 2017 ECONOMICS – III Duration : 21/2 Hours

Max. Marks : 70

Instructions : 1. Answer Q. No. 8 and any five of the remaining questions. 2. Q. No. 8 carries 20 marks and the remaining questions carry 10 marks each. 3. Answers should be written either in English or Kannada completely. Q. No. 1. Critically discuss the Adam Smith theory of economic development.

Marks : 10

BÂvÜí Ô¾ñ…ÃÜÊÃÜ Ü B¦ìPݼÊÜ꩜ ԨݜíñÜ樆 áÜ ° ËÊÜáÍÝìñÜP¾ Ê Ü ÝX aÜbìÔ. Q. No. 2. Explain the climatic theory of trade cycle.

Marks : 10

ÊݱÝÃÜ aÜPÅÜ ¨Ü ÊÝñÝÊÜÃ| Ü Ô¨ÝœíñÜ樆 áÜ ° ËÊÜÄÔ. Q. No. 3. Explain the functions and objectives of central bank of India.

Marks : 10

Pæàí¨ÜÅ ¸ÝÂíQ®Ü PÝ¿áìWÜÙáÜ ÊÜáñÜᤠE¨æઠÍÜWÙÜ ®Ü áÜ ° ËÊÜÄÔ. Q. No. 4. What is public expenditure ? Explain the objectives and classification of public expenditure in India.

Marks : 10

ÓÝÊÜìg¯PÜ ÊæacÜ Gí¨ÜÃàæ ®Üá ? »ÝÃÜñ¨ Ü È Ü É ÓÝÊÜìg¯PÜ ÊæacÜ¨Ü E¨æઠÍÜWÙÜ áÜ ÊÜáñÜᤠÊÜXìàPÜÃÜ|WÜÙÜ®Üá° ËÊÜÄÔ. Q. No. 5. Define business cycle. Explain the phases of business cycle with the help of diagram.

Marks : 10

ÊÜÂÊÜÖÝÃÜ¨Ü aÜPÜÅÊÜ®Üá° ÊÝÂTݯÔ. ÊÜÂÊÜÖÝÃÜ¨Ü aÜPÜÅ¨Ü ÖÜíñÜWÜÙÜ®Üá° ÃæàTÝbñÜÅ¨Ü ÓÜÖÝ¿á©í¨Ü ËÊÜÄÔ. Q. No. 6. Briefly explain the over-investment theory of F.A. Von Hayek’s.

Marks : 10

G´…. G. ÊÝ®… ÖÝÀáP… AÊÜÃÜ A—PÜ ŸívÜÊÝÙÜ ÖÜãvÜáËPæ¿á ԨݜíñÜÊÜ®Üá° ÓÜíQұܤÊÝX ËÊÜÄÔ. P.T.O.

*0471LLB*

0471(LLB) Q. No. 7. Write a short note on any two of the following :

Marks : 2×5=10

¿ÞÊÜâ¨Ý¨ÜÃã Ü PæÙXÜ ®Ü GÃÜvÃÜ Ü ÊæáàÇæ ÆZá q±Ü~ ³ ŸÃæÀáÄ : a) Credit creation and commercial bank.

ÓÝÆ ÓÜêÑr ÊÜáñÜᤠÊÝ~g ¸ÝÂíP…. b) Indian Agriculture and World Trade Organization.

»ÝÃÜñ¨ Ü Ü PÜêÑ ÊÜáñÜᤠËÍÜÌ ÊݱÝÃÜ ÓÜíZo®æ. c) Taxation Policy in India.

»ÝÃÜñ¨ Ü Ü ñæÄWæ ¯à£. Q. No. 8. Write a note on any two of the following :

Marks : 2×10=20

PæÙXÜ ®Ü ¿ÞÊÜâ¨Ý¨ÜÃã Ü GÃÜvPÜ Ræ q±Ü~ ³ ŸÃæÀáÄ : a) Define money. Discuss the functions of money in India.

ÖÜ|ÊÜ®áÜ ° ÊÝÂTݯÔ. »ÝÃÜñ¨ Ü È Ü É ÖÜ|¨Ü PÝ¿áìWÜÙ®Ü áÜ ° PÜáÄñÜá aÜbìÔ. b) Explain the under-consumption or over-saving theory of business cycle.

ÊÜÂÊÜÖÝÃÜ aÜPÅÜ ¨Ü AÃæ&A®Üá»æãàWÜ A¥ÜÊÝ A—PÜ &EÚñÝ¿á ԨݜíñÜ樆 áÜ ° ËÊÜÄÔ. c) Critically examine the Recardian Theory of Distribution.

ÄPÝvæãìàÃÜÊÜÃÜ ÖÜíbPæ ԨݜíñÜÊÜ®Üá° ËÊÜáÍÝìñܾPÜÊÝX ±ÜÄàQÒÔ. ________________