M.A. (Semester IV) (CBCS) Examination Mar/Apr-2018
Economics (Paper IV)
PUBLIC ECONOMICS
Time: 2½ Hours
Max. Marks: 70
Instructions: 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
economists are known as the founder of deficit budget.
Classical
Marginal
Modern
None of the above
Monetary policy is designed by
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
is the instrument of fiscal policy.
Budget
Bank Rate
Public debentures
Credit control
Public expenditure should be in the inflationary situation.
Minimum
Maximum
High
None of the above
Public expenditure should be in the deflationary situation.
Minimum
Maximum
Low
None of the above
budget is expected in the deflationary situation.
Surplus
Deficit
Optimum
Zero based
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
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12) Entertainment tax is an example of tax.
Direct tax
Indirect tax
Special tax
None of the above
13) is the chairman of 13th finance commission.
A. M. Khusro
Dr. C. Rangrajan
Shri. Vijay Kelkar
Mr. Y. V. Reddy
14) is the period of 13th finance commission.
1985-90
1995-2000
2005-10
2010-15
Q.2
Write a short answer. (Any seven)
14
What is the relationship between public borrowing and price level?
State any two principles of debt management.
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?
What are the sources of revenue of local administrative bodies?
State any two recommendations of 12th finance commission.
What is fiscal crisis?
Q.3
Write short notes. (Any Two)
14
Methods of repayment of public debt
Budgetary deficit
Problem of state indebtedness
Trends in public expenditure
Q.4
Broad Questions. (Any one)
Discuss the objectives of fiscal policy.
14
OR
Explain the role of fiscal policy in the stabilization of economy.
Q.5
Explain the classical view on public debt.
14
P