B.Com 2nd Year Question Papers (Distance): Public Finance' 2015

Paper: 207
(Public Finance)
Full Marks: 90

Time: 3 hours
The figures in the margin indicate full marks for the questions

1. Answer the following questions:
  1. Give two examples of merit goods. 2
  2. Name the indirect tax of the Government of Indian from which maximum amount of revenue it derived?    1
  3. After economic reforms Govt. of India’s debt burden and fiscal deficit are – 1
  1. Falling.
  2. Rising.
  3. Remaining the same.
  4. None of the above.
  1. Write a special feature of federal finance. 1
  2. Mention an item of unproductive public expenditure of Central Government. 1
  3. Name a cess proposed in India’s budget imposed on all central taxes. 1
  4. Who is the Chairman of 14th Finance Commission of India? 1
  5. Write two main causes of large scale tax evasion in India. 1
  6. What is the main source of tax-revenue of Assam? 1
2. Write short notes from the following: 5x4=20
  1. Explain the difference between public goods and private goods.
  2. Taxable capacity.
  3. Control of public expenditure.
  4. External debt burden.
  5. Deficit financing system.
3. What is the rule of public finance in the economic development of a country? Explain. 12
Explain the Principle of Maximum Social Advantage with diagram.
4. Examine the Principle of Equity as a Principle of Taxation. What do you mean by horizontal and vertical equity? 9+3=12
5. Write briefly the different forms of public debt. Explain the chief reasons for growing public debt in modern India. 3+9=12
6. Discuss the effects of public expenditure on production and distribution. 12
What do you mean by Zero-Based Budgeting [Z.B.B.)? “Zero Based Budgeting is an effective instrument of fiscal control”. Prove it. 3+9=12
7. Discuss the major recommendations of the 14th Finance Commission of India. 12