[BA 3rd Sem Question Papers, Dibrugarh University, 2014, Economics, General, Public Economics]
1. Choose the correct option/Answer the following/Fill in the blank: 1x8=8
- Mention one similarity between public finance and private finance.
- Which type of tax helps in reducing income disparities?
- Proportionate tax.
- Progressive tax.
- Regressive tax.
- All of the above.
- What is horizontal equity in taxation?
- Dalton classified public expenditure into two parts, grants and ____.
- Write two limitations of fiscal policy.
- Name two direct taxes levied by Government of India.
- Name two items of non-plan expenditure of Indian Government.
- Mention two functions of the Finance Commission.
2. Write short notes on any four of the following (within 150 words each): 4x4=16
- Role of public finance in developed economy.
- Objectives of taxation in developing country.
- Merit goods.
- Main elements of a budget.
- Defects of Indian tax system.
Answer the following questions (within 500 words each):
3. (a) Define public finance. Discuss the difference between public finance and private finance. 2+9=11
Or
(b) Explain with diagram, the theory of maximum social advantage applied in the management of public finance. What are the limitations of the theory? 8+3=11
4. (a) Discuss the relative importance of direct and indirect taxes in a tax system. Explain which type of tax is more effective in achieving the following objectives:
- Removal of income inequality.
- Reduction in the price of cosmetic goods.
Or
(b) What do you understand by incidence of tax? Explain with diagram, how incidence of a tax is distributed between the buyers and the sellers. 2+9=11
5. (a) What are the main objectives of public expenditure? Give reasons for the rapid increase in public expenditure in a modern State. 6+6=12
Or
(b) What do you mean by burden of public debt? Discuss the methods of repayment of public debt. 4+8=12
6. (a) What is fiscal policy? What should be the objectives of fiscal policy in a developing economy? 3+8=11
Or
(b) What are the purposes of Government budget? Discuss different stages followed in the preparation of the budget. 4+7=11
Also Read: Dibrugarh University Question Papers
7. (a) Analyze the main trends in the expenditure of the Government of India. Show the causes for the growth of such expenditure. 6+5=11
Or
(b) Write a note on India’s latest Union Budget. 11
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