2017
(August)
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 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
Or
(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
Or
(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
Or
(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
Or
(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
Or
(b) Write the principles of the devolution of financial
resources between Centre and the States in India Federal System. 12
***
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