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M.A. (PREVIOUS) EXAMINATION 2016 HELD IN 2017
ECONOMICS (PAPER II)
PUBLIC FINANCE
Time: 3 hours Max Marks: 100
Instructions:
(i) Attempt any FIVE questions
(ii) All questions carry equal marks
Q1 Discuss the role of fiscal policy as an instrument for allocation, distribution and stabilization of economic activity in a market economy.
Q2 Define and explain the concept of Pareto optimality. What Pareto optimality conditions need to be satisfied by an economy to be efficient and equitable?
Q3 Explain the difference between public goods, club goods and merit goods. Design and explain the efficiency conditions for the provision of public goods.
Q4 What are externalities? Analyse and compare these solutions to the externality problem. Which solution do you thing is most efficient and why?
Q5 What is tax incidence? What factors determine the incidence of a unit tax? Derive the formula for the social welfare loss due to the tax when the marginal cost is rising and explain its implications.
Q6 What are proportional, progressive and regressive income tax rate structures? How does each relate to equity and the ability to pay?
Q7 Analyse and compare the efficiency and aquatic characteristics of a proportional and a progressive income tax on labour supply.
Q8 Write short notes on the following
(i) Methods of public sector project evaluation
(ii) Implications of alternate strategies of deficit financing
ECONOMICS (PAPER II)
PUBLIC FINANCE
Time: 3 hours Max Marks: 100
Instructions:
(i) Attempt any FIVE questions
(ii) All questions carry equal marks
Q1 Discuss the role of fiscal policy as an instrument for allocation, distribution and stabilization of economic activity in a market economy.
Q2 Define and explain the concept of Pareto optimality. What Pareto optimality conditions need to be satisfied by an economy to be efficient and equitable?
Q3 Explain the difference between public goods, club goods and merit goods. Design and explain the efficiency conditions for the provision of public goods.
Q4 What are externalities? Analyse and compare these solutions to the externality problem. Which solution do you thing is most efficient and why?
Q5 What is tax incidence? What factors determine the incidence of a unit tax? Derive the formula for the social welfare loss due to the tax when the marginal cost is rising and explain its implications.
Q6 What are proportional, progressive and regressive income tax rate structures? How does each relate to equity and the ability to pay?
Q7 Analyse and compare the efficiency and aquatic characteristics of a proportional and a progressive income tax on labour supply.
Q8 Write short notes on the following
(i) Methods of public sector project evaluation
(ii) Implications of alternate strategies of deficit financing
M.A. (PREVIOUS) EXAMINATION 2017 HELD IN 2018
ECONOMICS (PAPER II)
PUBLIC FINANCE
Time: 3 hours Max Marks: 100
Instructions:
(i) Attempt any FIVE questions
(ii) All questions carry equal marks
Q1 What is meant by market failure? Explain in detail the reasons.
Q2 What is the role of government in the basic economic decision making? Explain the optimum levels of government activities.
Q3 The government can finance its budgets deficit by printing money, issuing new bonds, internal and external borrowing or imposing new taxes. How do these different financing strategies affect aggregate output, employment, the price level and interest rates?
Q4 Discuss the superiority of the direct taxes over the indirect taxes in the contest of efficiency losses. Indirect taxes create welfare loss, how does this loss distribute between consumers and producers?
Q5 Define excess burden. Explain how excess burden may be associated with government expenditure policy like subsidy?
Q6 What are the main principles of taxation? What is the difference between tax avoidance and tax evasion? Give the examples of each.
Q7 Write short note on any TWO of the following
(i) Fiscal budget 2018 – 19
(ii) Tax compliance
(iii) Tax incidence
ECONOMICS (PAPER II)
PUBLIC FINANCE
Time: 3 hours Max Marks: 100
Instructions:
(i) Attempt any FIVE questions
(ii) All questions carry equal marks
Q1 What is meant by market failure? Explain in detail the reasons.
Q2 What is the role of government in the basic economic decision making? Explain the optimum levels of government activities.
Q3 The government can finance its budgets deficit by printing money, issuing new bonds, internal and external borrowing or imposing new taxes. How do these different financing strategies affect aggregate output, employment, the price level and interest rates?
Q4 Discuss the superiority of the direct taxes over the indirect taxes in the contest of efficiency losses. Indirect taxes create welfare loss, how does this loss distribute between consumers and producers?
Q5 Define excess burden. Explain how excess burden may be associated with government expenditure policy like subsidy?
Q6 What are the main principles of taxation? What is the difference between tax avoidance and tax evasion? Give the examples of each.
Q7 Write short note on any TWO of the following
(i) Fiscal budget 2018 – 19
(ii) Tax compliance
(iii) Tax incidence