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P.T.O
MAR IVANIOS COLLEGE (AUTONOMOUS)
THIRUVANANTHAPURAM
Reg. No. :.………………… Name :.…………………
Fifth Semester B.A. Degree Examination, November 2016
First Degree Programme under CBCSS
Core Course: Economics X
AUEC545: Public Economics
Time: 3 Hours Max. Marks: 80
SECTION A
Answer ALL questions in one or two sentences.
1. Public Finance
2. Social Goods
3. Non Tax Revenue
4. Sinking Fund
5. Budget
6. GST
7. Fiscal Policy
8. Fiscal Federalism
9. Indirect Tax
10. Taxable Capacity
(10 1 10 Marks)
SECTION B
Answer any EIGHT questions, each in a short paragraph not exceeding 50 words.
11. Distinction between merit and demerit goods.
12. Market failure.
13. Deficit Financing.
14. Impact and shifting of a tax.
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15. Internal and external debt.
16. Vertical and horizontal equity
17. Functions of Finance Commission.
18. Merits of direct taxes.
19. Burden of debt.
20. Requisites of a good budget.
21. Merits of VAT.
22. Characteristics of public goods.
2 16 Marks)
SECTION C
Answer any SIX questions, each in a paragraph not exceeding 120 words.
23. Examine the principle of maximum social advantage.
24. Explain the cannons of taxation.
25. What are the factors determining taxable capacity How to measure it
26. Examine the view of Musgrave on incidence of taxation
27. Discuss the Wagner's Law. Examine its applications.
28. Discuss the role of public expenditure with special reference to LDC's.
29. Examine the main principles of federal finance.
30. Discuss the effects of taxation.
31. Bring out the differences between public and private finances.
4 24 Marks)
SECTION D
Answer any TWO questions, not exceeding four pages.
32. Discuss the role of state in economic activities. How does state correct the market failure
33. Examine the objectives and instruments of fiscal policy, with special reference to India.
34. Discuss the role of public debt in economic development. Examine the process of redemption of public debt.
35. Explain the issues of the centre state financial relationship in India. Discuss the mechanism to address the issues.
15 30 Marks)