LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034
B.A. DEGREE EXAMINATION – ECONOMICS
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FIFTH SEMESTER – APRIL 2008
EC 5503 (FISCAL ECONOMICS)
Date : 06-05-08 Dept. No. Max. : 100 Marks
Time : 1:00 – 4:00
PART – A
(5 x 4 = 20 marks)
Answer any FIVE questions in not exceeding 75 words. Each answer shall carry the maximum mark of four only
- Define Fiscal Economics
- Distinguish between development and non-development expenditure.
- State the important Smithian Canons of Taxation.
- Distinguish between absolute and relative taxable capacity.
- State principles of debt management
- Mention the objective of fiscal policy in India
- Explain the term fiscal deficit
PART – B
( 4 x 10 = 40 marks)
Answer any FOUR questions in not exceeding 300 words. Each answer shall carry the maximum mark of TEN only
- Distinguish between public finance and private finance.
- Examine the major items of expenditure of union and state governments in India.
- Critically examine benefit theory in taxation.
- State factors affecting taxable capacity in India.
- Is India in debt trap? Examine.
- Explain the techniques of fiscal policy adopted in India.
- Examine problems in Union – State financial relations in India.
PART – C
( 2 x 20 = 40 marks)
Answer any TWO questions in not exceeding 900 words. Each answer shall carry the maximum mark of twenty only
- Examine the reasons for the growth of public expenditure.
- Critically examine the relative role of direct and indirect taxes in augmenting the revenue resources of Government of India in recent years.
- Examine the recommendations of Twelfth Finance Commission in the context of the States demand for more devolution of funds.
- Explain the causes and consequences of deficit budgeting along with measures taken to improve fiscal discipline in India.
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