LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.A. DEGREE EXAMINATION – ECONOMICS

BC 16

FOURTH SEMESTER – APRIL 2008

EC 4504 – FISCAL ECONOMICS

 

 

 

Date : 29/04/2008                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 Public Finance.
2. Write short note on Revenue Expenditure.
3. Differentiate between a ‘tax’ and a ‘fine’?
4. What is Non-tax Revenue.
5. Define the term ‘Incidence of a Tax’.
6. What is Taxable Capacity.
7. Define Fiscal Policy.

PART – B

 

Answer any FOUR questions in about 250 words each.                               (4 x 10 = 40 marks)

 

1. Compare and Contrast the Public and Private Finance.
2. Briefly explain the various canons of Public expenditure
3. Explain the causes for the growth of public expenditure in India.
4. State the effects of taxation on production.
5. Analyze the merits and defects of Direct and Indirect taxes.
6. What is meant by ‘shifting the tax burden’?  Analyze the concept behind Diffusion theory.
7. Bring out the objectives of Fiscal policy.

PART – C

 

Answer any TWO questions in about 900 words each.                           (2 x 20 = 40 marks)

 

1. Explain and illustrate the principle of maximum social advantage.
2. What are the characteristics of a good Revenue System?  Do you consider that these are found in Indian Revenue system?
3. Critically evaluate the ability to pay theory of taxation.

Discuss about the various sources of non-tax revenue of Government of India.

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