LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.A. DEGREE EXAMINATION – ECONOMICS

FIFTH SEMESTER – NOVEMBER 2012

EC 5507 – FISCAL ECONOMICS – II

 

 

 

Date : 08/11/2012             Dept. No.                                        Max. : 100 Marks

Time : 9:00 – 12:00

 

                                                                               PART – A                                        

 

Answer any FIVE questions in about 75 words each:                                     (5 x 4 = 20 Marks)

 

1. Define Capital Gains Tax.
2. What is Excise Duty?
3. Explain the purpose of Motor Vehicle Tax.
4. List the functions of Gram Panchayats.
5. Define Capital Budget.
6. What is Deficit Budgeting?
7. List the functions of a Finance Commission.

 

PART – B   

                                       

Answer any FOUR questions in about 250 words each:                           (4 X 10 = 40 Marks)

 

8. Discuss the effects of Personal Income Tax.
9. Argue for and against Agricultural Income Tax.
10. Examine the consequences of Excise Duty.
11. Explain the revenue resources of a Municipal Corporation.
12. Distinguish between Revenue Budget and Capital Budget.
13. Examine methods of inter-governmental financial transfers.
14. Analyse the problems in Federal Finance.

 

PART – C    

                                      

Answer any TWO questions in about 900 words each:                             (2 X 20 = 40 Marks)

 

15. Evaluate the taxes levied by the State Governments.
16. Critically analyse the problems in Local Finance.
17. Examine the causes and consequences of deficit budgeting.
18. Critically analyse the recommendations of the 13^th Finance Commission.

 

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