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Thursday, May 23, 2019

Dibrugarh University B.Com Fifth Sem: PUBLIC FINANCE Question Papers (Nov' 2018)

Course: 501
The figures in the margin indicate full marks for the questions
Full Marks: 80
Pass Marks: 24
Time: 3 hours
1. (a) Fill in the blanks:                                                                     1x4=4

1)         Public finance deals with income, expenditure and borrowings of the _____.
2)         The finance _____ possesses the expert knowledge in finance matters.
3)         Every tax is an additional burden on the _____.
4)         Public expenditure is more _____ than private expenditure.
(b) Answer the following questions directly:                            1x4=4
1)         What is public finance?
2)         Mention one objective of budget.
3)         What do you mean by public revenue?
4)         What is private expenditure?
2. Write short notes on:                     4x4=16
a)         Private finance.
b)         Performance Budget.
c)          Tax Revenue.
d)         Significance of Public Expenditure.
3. (a) Discuss about the scope of public finance. State about its relations with Economics, Political Science and Statistics 5+3+3+3=14
(b) Explain the theory of ‘principle of maximum social advantage’ with the help of diagram. State its practical problems. 10+4=14
4. (a) What is Financial Administration? Briefly analyze the various instruments of financial administration.  4+10=14
(b) What do you mean by zero-base budgeting? What are its features? Discuss the main benefits of zero-base budgeting. 3+4+7=14
5. (a) Discuss about the various sources of public revenue. How is public revenue important in economic development? 8+6=14
(b) Distinguish between Progressive and Proportional Taxation. Discuss the merits and demerits of each of them. 6+4+4=14
6. (a) Discuss about the various aims and objectives of public expenditure as classified by Prof. Dalton. Mention about the effects of public expenditure on production and distribution.    6+4+4=14
(b) Discuss about the various ways in which public expenditure can achieve economic development in the developing countries.                                                            14
Full Marks: 80
Pass Marks: 32
Time: 3 hours
1. Answer the following as directed:                                          1x8=8
a)         What is private finance?
b)         Which is the best system of public finance?
c)          What is budget?
d)         In zero-base budgeting, every year is taken as a new year. (Write True or False)
e)         What is public revenue?
f)          Mention one distinction between tax and fees.
g)         Public expenditure is more _____ than private expenditure. (Fill in the blank)
h)         What is deficit financing?
2. Write short notes on (any four):                                         4x4=16
a)         Scope of public finance.
b)         Elements of budget.
c)          Tax and non-tax revenue.
d)         Internal public debt.
e)         Functions of Gram Panchayat.
3. (a) Define public finance. Discuss the role of public finance as a tool of economic and social welfare.        3+9=12
(b) “The best system of public finance is that which secures the maximum social advantage.” Discuss the statement.     12
4. (a) What are the main instruments of financial administration? Discuss each of them in brief.   11
(b) What are the pre-conditions of zero-base budgeting? Discuss the merits and demerits of zero-base budgeting. 3+4+4=11
5. (a) Explain the following:                                 5.5+5.5=11
1)         Adam Smith’s classification of public revenue.
2)         Prof. Dalton’s classification of public revenue.
(b) Discuss about the features of tax system of our country. Also write a brief note on Adam Smith’s canon of equality. 7+4=11
6. (a) Mention the similarities between Public Expenditure and Private Expenditure. Also explain the ability to pay theory of Prof. Pigou.                                              4+7=11
(b) What are the principles of public expenditure? Which of these do you prefer?         8+3=11
7. (a) Write a note on Union and State Financial Relations.               11
(b) What are the main sources of revenue of Municipal Corporation? What are the welfare activities where these revenues are spent? Discuss.                                             5+6=11


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