M.A. (Semester III) Examination, 2017
ECONOMICS (Paper IV)
PUBLIC ECONOMICS
Day Date: Friday, 05-05-2017 Max. Marks: 50
Time: 10.30 AM to 12.30 PM
N.B. All questions are compulsory.
Figures to the right indicate full marks.
Q.1 Choose the correct answer: 10
The book 'General Theory' is written by
Adam Smith b)Joan Keynes
David Ricardo d)Thomas Malthus
Keynes has advocated policy regarding the role of
Government in economic development.
Lasses Fair Minimum intervention
Participation None of the above
Mixed economy means existence of sector in the
economy.
Private sector Public sector
Both a b None of the above
Competitiveness is the characteristic feature of goods.
Private Public
Social Merit
The goods which satisfies the public needs is known as
goods.
Private Public
Social Merit
Provision of goods is the prime responsibility of the
Government.
Private Public
Luxurious None of the above
'Theory of Club goods' is propounded by
Adolph Wagner Wiseman
James Buchanan Athoney Dawns
Keynes emphasizes on factors for the stabilization of the
economy.
Monetary Fiscal
Technical None of these
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The pure theory of public expenditure is presented by
Prof. Pigoue Prof. Samuelsson
Prof Johnson All the above
10) is the cause of shifting of tax burden.
Impact of tax Incidence of tax
Rate of tax None of the above
Q.2 Write short Answer: (any four) 08
What are public goods? .
Explain the externalities of public good?
State any two functions of the Government in a mixed
economy.
Explain the private mechanism for allocation of resources.
Explain the stabilization policy in deflation.
What are the instruments of stabilization policy?
Q. 3 Write short notes: any four) 12
Private goods
Informational Asymmetry
Problems in allocation of resources
Stabilization policy
Incidence of tax
Burdon of tax
Q.4 Explain the classical view regarding the role of the
Government in economic development.
10
OR
Explain the modern theory of incidence of tax.
Q.5 Explain the role of the Government in mixed economy. 10