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Monday, August 07, 2017

Dibrugarh University Question Papers: Public Finance (November' 2016)

2016 (November)
Course: 501 (Public Finance)
The figures in the margin indicate full marks for the questions
Full Marks: 80
Pass Marks: 24
Time: 3 hours
1. Answer the following questions:                                          1x8=8
a)      What is ‘Public Finance’?
b)      Name the economist who named principles of public finance as ‘Principle of Maximum Social Advantage’.
c)       What do you mean by ‘budget’?
d)      Write the full form of CAGI.
e)      Mention one canon of taxation.
f)       Mention one demerit of indirect tax.
g)      Mention any one difference between public expenditure and private expenditure.
h)      What is ‘deficit financing’?

2. Write short notes on:                                                                4x4=16
a)      Scope of Public Finance.
b)      Performance Budget.
c)       Non-tax Revenue.
d)      Canons of Public Expenditure.

3. (a) Explain the Keynes theory of public finance.                                            14
(b) “The best system of public finance is that which secures the maximum social advantage.” Discuss this statement. 14

4. (a) What do you mean by ‘Financial Administration’? Discuss briefly the various instruments of Financial Administration.                                                                 3+11=14
(b) What is ‘Zero-based Budgeting’? What are its features? Discuss the various steps involved in Zero-based Budgeting.                                                                 3+4+7=14

5. (a) What is ‘Public Revenue’? What are its various sources? How does it help in the economic development of a country?                                                                3+6+5=14
(b) Define “Taxation”. Discuss the main characteristics of a good tax system.                     3+11=14

6. (a) Discuss the effects of public expenditure on production and distribution.                7+7=14
(b) “Public Expenditure has a tendency to grow very fast in modern time.” Briefly discuss the factors responsible for the rapid growth of public expenditure.                                                                      14

Full Marks: 80
Pass Marks: 32
Time: 3 hours
1. Answer the following questions:                                          1x8=8
a)      Write the name of a merit good.
b)      Which of the following is not a source of revenue of Central Government?
Ø  Income Tax.
Ø  Corporation Tax.
Ø  Land Revenue.
Ø  Import Duty.
c)       What do you mean by deficit financing?
d)      “Direct tax is one which is actually paid by the person on whom it is imposed.” Who defined it?
e)      Mention two main causes of tax evasion.
f)       What is the exemption limit of income tax (personal) as per Union Budget, 2015 – 16?
g)      Mention a tax levied by Municipal Corporation.
h)      Write a special feature of federal finance.

2. Write short notes (on any four):                                           4x4=16
a)      Role of Public Finance.
b)      Characteristics of Zero-based Budgeting.
c)       Difference between Public and Private goods.
d)      Differences between Tax and Non-tax revenue.
e)      Gram Panchayat.
3. (a) Explain the rationale of public finance in the present-day scenario.                                      12
(b) Critically explain the ‘Principle of Maximum Social Advantage’.                                          12

4. (a) State and explain Adam Smith’s Canon of Taxation.                                                  11
(b) Define taxable capacity. Discuss the factors which affect the taxable capacity.               3+8=11

5. (a) what are the factors responsible for the growth of public expenditure in a developing economy? Discuss.                   11
(b) Explain the effects of public expenditure on production and distribution.                                     11

6. (a) Discuss the techniques of budgetary control.                                                          11
(b) Critically examine the Central-State financial relation in India.                              11

7. (a) Discuss the recommendations of Fourteenth Finance Commission of India.                    11

(b) Discuss the reasons behind the increasing burden of external debt in present-day India.          11

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