M.A. (Semester IV) Examination, 2017
ECONOMICS (PAPER IV)
PUBLIC ECONOMICS
Day Date: Wednesday, 17-05-2017 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 alternative. 10
Due to borrowing from people by the government, price level in
an economy will be
Increase Decline
Constant All of these
is the source of public debt.
Commercial Bank Central Bank
Foreign Government All of these
is the objective of fiscal policy.
Full employment Increase in food grain
Money supply None of them
is the instrument of fiscal policy.
Tax Bank Rate
Repo Rate None of them
is the type of budgetary deficit.
Primary Fiscal
Revenue All of these
Income from Agricultural tax revenue of government.
Central State
Local All of these
Monetary policy controls supply.
Money Food
Labour None of these
policy announced by Reserve Bank of India.
Monetary Fiscal
Export-Import All of these
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SLR-P 288
In the period of Recession Public expenditure will
Decline Increase
Constant All of these
10) is the type of direct tax in India.
Capital Gain Tax Sale tax
Export-Import Tax Entertainment Tax
Q.2 Write short answer [Any Four] 08
What is Public debt?
What if full employment?
What is Fiscal deficit?
What is monetary policy?
What is indirect tax?
Who was the chairman of 13th Finance commission?
Q.3 Write short notes (Any Four) 12
Classical view on public debt.
Fiscal federalism in India.
Budgetary deficit.
Role of finance commission.
Fiscal sector reforms in India.
Non tax revenue of central govt.
Q.4 Write answer of the any one of the following: 10
Discuss on merits and demerits of direct tax.
OR
Discuss on centre state financial relations in India.
Q.5 Explain the role of Fiscal policy in economics development. 10