RGU Question Paper Economics Semester III 2022: Public Finance

 

December-2022

BA (III Semester) Examination (CBCS)

ECONOMICS

Paper: ECO-G-215

( Public Finance )

Full Marks : 80

Pass Marks : 35%

Time : Three Hours

Note: 1. Answer the questions as per instructions given in each Section.
2. The figures in the margin indicate full marks for the questions.

Section-A

1. Answer any four of the following questions: 5×4=20

(a) Who introduced the concept of public goods? Explain the merits of public goods.

(b) What do you mean by market externalities? Explain.

(c) What is meant by public expenditure? Discuss.

(d) What do you mean by inflation?

(e) Write different types of inflation.

(f) What do you mean by incidence of tax? Explain.

(g) What is GST? Explain how it is shared between the Centre and the States.

Section-B

2. Answer any three of the following questions: 10×3=30

(a) Explain the similarities and differences between private and public goods.

(b) Distinguish between revenue budget and capital budget.

(c) Differentiate between progressive tax and regressive tax.

(d) Discuss the effects of public debt.

(e) Explain the effects of inflation in a developing country.

Section-C

3. Answer any two of the following questions: 15×2=30

(a) Discuss the canons of expenditure and explain their relevance in a modern State.

(b) What are the sources of public debts? Discuss the methods of redemption of public debt.

(c) Discuss the effects of public expenditure on the distribution of income.

(d) What do you mean by fiscal policy? Explain the instruments to control inflation in a developing country like India.