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Friday, December 28, 2018

Dibrugarh University Arts Question Papers:ECONOMICS (Major) (Public Economics: Policy Issues) ' November-2013

Course: 502
(Public Economics: Policy Issues)
Full Marks: 80
Pass Marks: 32
Time: 3 hours
The figures in the margin indicate full marks for the questions

1. Choose the most appropriate answer of the following: 1x8=8
  1. Budgetary deficit does not take into account
  1. Revenue deficit.
  2. Capital budget deficit.
  3. Balance of payments deficit.
  4. Interest payment on public debt.
  1. A government may cover up the deficit by
  1. Withdrawing its cash balances from the central bank of the country.
  2. Borrowing from the central bank and commercial banks.
  3. Both (i) and (ii)
  4. Neither (i) nor (ii)
  1. The objective of fiscal policy in developing countries is
  1. Rapid economic growth.
  2. Price stability.
  3. Equitable distribution.
  4. All of the above.
  1. Zero-base budgeting implies
  1. Giving more importance on physical targets rather than financial targets.
  2. Spending on all programmes in re-examined and justified each year rather than following add-on every year.
  3. Merely an evaluation of existing budget and there is nothing new in it.
  4. Giving emphasis on centralization of expenditure.
  1. The share of services tax is total tax revenue of Government of India is
  1. Increasing over the years.
  2. Declining over the years.
  3. Constant.
  4. The single largest.
  1. The Union Budget, 2013 – 14 has imposed 10% surcharge on individual and HUF where the taxable income exceeds.
  1. Rs. 5 lakhs.
  2. Rs. 10 lakhs.
  3. Rs. 1 crore.
  4. Rs. 10 crore.
  1. India’s current debt of GDP ratio is
  1. <  5%
  2. 10%
  3. 15%
  4. 20%
  1. As per the 13th Finance Commission Report, States’ share in central taxes is
  1. 30.5%
  2. 32%
  3. 37.5%
  4. 39.5%
2. Write short notes on any four of the following (within 150 words each): 4x4=16
  1. Rationalization of tax system in India.
  2. Impact of public expenditure on Indian economy.
  3. Fiscal deficit, revenue deficit and primary deficit.
  4. Limitations of fiscal policy.
  5. Recommendations of the 11th Finance Commission.
Answer the following questions (within 500 words each):
3. (a) Write a critical note on the structure, pattern and policies of taxation in developing countries. 12
(b) Explain four features of Indian tax system. Give an account of the recent tax reform measures of Government of India. 4+8=12
4. (a) Analyze the trend and pattern of public expenditure in India. 5+6=11
(b) Analyze how the growing size of public debt is adversely affecting Indian economy. 11
5. (a) Explain the meaning of programme and zero-base budgeting. Discuss the importance of budget as an instrument of economic policy. 3+3+5=11
(b) Discuss the main features of the Union Budget, 2013 – 14. Mention its limitations. 9+2=11
6. (a) “Fiscal policy plays a different role in developed and in developing economies.” Elucidate. 11
(b) Write a critical note on fiscal reform measures in India in the context of New Economic Policy.
7. (a) State the meaning of fiscal federalism. Explain the principles of allocation of resources. 4+7=11
(b) Explain the major recommendations of the 13th Finance Commission. Mention its weaknesses. 9+2=11


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