M.A. (Semester III) (CBCS) Examination Oct/Nov-2017
Economics
PUBLIC ECONOMICS
Day Date: Thursday, 16-11-2017 Max. Marks: 70
Time: 02.30 PM to 05.00 PM
Instructions: All questions are compulsory.
Figures to the right indicate full marks.
Q.1 Choose the correct option: 14
is merit goods.
Education Road
Railway Water supply
is the study area of public economics.
Public Expenditure Public Revenue
Public Debt All of the above
The market doesn't work for the public goods because
Non-Aversion Indivisibility
Decreasing marginal cost All of the above
According to the classical economist are the functions of the
government.
Defense Maintenance of Law and Order
International Trade All of the above
In economy resources are owned by the government.
Capitalist Socialist
Mix Marxist
are the characteristics of the public goods.
Non Aversion Indivisibility
Decreasing Marginal Cost All of the above
An economic Theory of Democracy is given by
Hicks and Allan Dr. Marshall
Anthony Downs Kenneth Arrow
Tax is payment to the government.
Compulsory Compulsory and legal
Optional Optional and not legal
Real Money Burden is known
Sacrifice of satisfaction due to money payment
Enhancement of satisfaction due to money payment
Non Payment of tax
GST
Page 2 of 2
SLR-HE-19
10) Lafer curve explains the relationship between
Tax rate and tax income
Tax Revenue and Government expenditure
Government budget and Government revenue
Government debt and Government expenditure
11) GST tax.
Indirect tax Direct tax
Income tax Service tax
12) Article 112 is dealt with
Presentation of budget in the parliament
Presentation of Bill in the parliament
Revenue of the government
Fiscal Consolidation
13) The finance commission of India is dealt with
Sharing of tax proceeds of central government
Sharing of tax proceeds of state government
Sharing of credit among the state
Sharing of expenditure among the state
14) is the chairman of 13th finance commission of India.
Suresh Tendulkar C. Rangrajan
Y.V. Reddy Raghuram Rajan
Q.2 Write short notes. (Any four) 12
Private goods.
Project evaluation.
Impact of tax.
State list.
Federal structure of government.
Q.3 Write short notes. (Any four) 16
What is a club good?
Write a note on market failure.
What are the sources of revenue of the central government?
Explain the Ursula Hicks concept of formal incidence of taxation.
Write a brief note on Finance Commission.
Q.4 Answer in detail. (Any two) 14
Explain classical view on role of government in the economy.
Explain the benefit approach of taxation.
Discuss the Centre list, State list and Concurrent list in detail.
Q.5 Explain the various criteria of public investment 14
OR
Explain role of government in economic development.