LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.A. DEGREE EXAMINATION – ECONOMICS

PK 16

FOURTH SEMESTER – April 2009

EC 4504 – FISCAL ECONOMICS

 

 

 

Date & Time: 29/04/2009 / 9:00 – 12:00     Dept. No.                                                        Max. : 100 Marks

 

 

 

                 PART-A                                      (5 x 4 = 20 Marks)

 

           Answer any FIVE questions not exceeding 75 words each.

 

1. Define Public Finance.
2. Explain the characteristics of a Tax.
3. Differentiate between Tax and Price.
4. What do you mean by Taxable Capacity?
5. What is Incidence of Taxation?
6. What is Canon of Economy with regard to Public Expenditure?
7. Define Fiscal Policy.

 

    PART-B                                               (4 x 10 = 40 Marks)

 

             Answer any FOUR questions not exceeding 250 words each.

 

8. Compare & Constrast the Public and Private Finance.
9. Comment on the effects of Public Expenditure on production.
10. Discuss the Canons of Taxation.
11. Explain Direct and Indirect Taxes.
12. What are the factors governing Taxable Capacity of an economy?
13. Explain the various theories of Incidence of Taxation.
14. What are the objectives of Fiscal Policy?

 

PART-C                                           (2 x 20 = 40 Marks)

 

             Answer any TWO questions not exceeding 900 words.

 

15. Illustrate the principle of Maximum Social Advantage.
16. Analyse the causes for enormous growth of Public Expenditure in India.
17. Critically examine the Ability to pay theory of taxation
18. Explain the Theory of Shifting and Incidence under Monopoly.

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