B.Com 2nd Year Question Papers (Distance): Public Finance' 2018

2018

(July)

COMMERCE

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: 1x8=8

a) What is government budget?

b) Give an example of indirect tax.

c) Mention any one source of External Public Debt of Government of India.

d) Give an example of non-tax revenue.

e) Mention any one field of Public Expenditure of India.

f) When did “Goods and Service Tax” come into effect in India?

g) What is the present name of Planning Commission of India?

h) Who is the Chairman of 15^th Finance Commission of India?

2. Write short notes on any four of the following: 4x5=20

a) Nature and scope of Public Finance.

b) Sources of Public Revenue.

c) Effects of Public Expenditure.

d) Budgetary Control System.

e) Tax and Price.

f) Local Governance.

3. Explain the role of Public Finance in the economic development of a country. 12

Explain the principle of Maximum Social Advantage with the help of diagram. 12

4. Give the definition of “Zero Base Budgeting”. Briefly explain the process involved in ZBB. 3+10=13

What is Financial Administration? Briefly analyse the various instruments of financial administration. 3+10=13

5. Explain the meaning of impact, shifting and incidence of Taxation. Briefly discuss the factors determining the incidence of taxation. 3+9=12

Discuss the effects of taxation on Production and Distribution. 12

6. What is Public Expenditure? What are its principal objectives? Discuss its scope. 2+5+6=13

Distinguish between Public Expenditure and Private Expenditure. Discuss the importance of Public Expenditure in India. 6+7=13

7. Explain the causes of growth of Internal and External Public debt in India. 12

Explain the measures taken in the Union Budget, 2018-19. Put your comment on the appropriation of these measures. 8+4=12

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