M.A. (Semester IV) (CBCS) Examination, 2017
ECONOMICS (PAPER IV)
PUBLIC ECONOMICS
Day Date: Wednesday, 17-05-2017 Max. Marks: 70
Time: 10.30 AM to 01.00 PM
N.B. All questions are compulsory.
Figures to the right indicate full marks.
Q.1 Choose the correct alternative: 14
External public debt leads to in price level.
Fall Rise
No change None of the above
Classical economists have suggested that Government should
perform functions.
Minimum Maximum
Nothing None of the above
Fiscal policy is implemented by the government.
Local Regional
Central None of the above
Monetary policy and Fiscal policy are to each other.
Substitute Contradictory
Complementary None of the above
Monetary policy is designed
Central Govt. State Govt.
RBI None of the above
is the objective of fiscal policy.
Full employment Economic stability
Reduction of inequality All the above
When the overall effect of budget on the economy is favorable
then that budget is known as budget.
Surplus Deficit
Optimum Zero based
Public expenditure should be in the deflationary situation.
Minimum Maximum
Low None of the above
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SLR-P 237
Finance commission is appointed
Home minister Prime minister
President Chief justice
10) As per the Indian constitution more revenue sources are
assigned to the government.
Local State
Central None of the above
11) Income tax is an example of tax.
Direct tax Indirect tax
Special tax State tax
12) Production tax is an example of tax.
Direct tax Indirect tax
Special tax None of the above
13) Finance commission is appointed under the article of
the constitution.
280 281 282 283
14) is the chairman of 12th finance commission.
A. M. Khusro Dr. C. Rangrajan
Dr. Manmohansingh P. Chidambaram
Q.2 Write short answer [Any seven]: 14
State any two principles of debt management.
Explain any two objectives of fiscal policy.
What is budgetary deficit?
What is fiscal federalism?
What are the sources of revenue of the central government?
What are the sources of revenue of the state government?
What is meant by direct tax?
What is meant by indirect tax?
State any two recommendations of 12th finance commission.
10) What is fiscal crisis?
Q. 3 Write short notes (Any 14
Burden of external public debt.
Effects of Budgetary deficit.
Criterions for transfer of resources from centre to state.
Revenue sources of local administrative bodies.
Q.4 Broad Question (Any one)
Explain the various methods of repayment of public debt. 14
OR
Discuss the characteristic of Indian tax system.
Q.5 Explain the classical view on public debt. 14