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Friday, July 19, 2019

B.Com 2nd Year Question Papers (Distance): Public Finance' 2017

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 as directed:                 1x8=8
a)         Write a name of public goods.
b)         Write the full name of ‘GST’.
c)          Give two examples of merit goods.
d)         From which one of indirect taxes of Government of India, it earns maximum revenues.
e)         Mention main two causes of tax evasion.
f)          Mention any one source of Public Debt of Government of India.
g)         Who was the Chairman of the 14th Finance Commission?
h)         What is “NITI Ayog”?
2. Write notes on any four of the following:             4x5=20
a)         Public goods.
b)         Tax and Fees.
c)          Taxable Capacity.
d)         Importance of Deficit Financing.
e)         Municipal Corporation.
3. (a) Explain the role of Public Finance in the changing scenario of economic system.     12
(b) Critically explain the Ability to Pay Principle of Taxation.         12
4. (a) What is incidence of taxation? Discuss the various factors affecting the incidence of taxation.   3+10=13
(b) Write briefly the different forms of Public Debt in India. Explain the chief reasons of growing public debt in India in modern times.             3+10=13
5. (a) Discuss the role of Public Expenditure in developing economy.               12
(b) Discuss the effects of Public Expenditure on production and distribution.     12
6. (a) What do you mean by “Zero-Base Budgeting”? Discuss the process involved in Zero-Base Budgeting.          3+10=13
(b) What do you mean by Financial Administration? Briefly explain the various agencies involved in financial administration.                      3+10=13
7. (a) What is Deficit Financing? Under what circumstances can it be justified?        3+9=12
(b) Write the principles of the devolution of financial resources between Centre and the States in India Federal System. 12


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