N A L A N D A O P E N U N I V E R S I T Y
M.A. Economics, Part-I
PAPER-IV
(Public Economics)
Annual Examination, 2018
Time: 3 Hours Full Marks: 80
Answer any Five Questions. All questions carry equal marks.
1. Critically discuss the role of state in Economic Development.
2. What do you mean by market failure What measures can be taken to correct market failure
3. Examine economic goals of Public Policies.
4. Discuss Wagner's hypothesis i.e. law of the increase of State activities.
5. Explain Cost-Benefit Analysis. Mention difficulties in such evaluation.
6. What do you mean by Budget Discuss the objectives of the budget.
7. Differentiate between direct and indirect taxes. What are the merits and demerits of indirect taxes
8. Discuss different methods of repayment of public debt.
9. Examine classical view of sound finance.
10. Discuss the recommendations of the latest finance commission regarding transfer of resources
from centre to States.