LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034
B.A. DEGREE EXAMINATION – ECONOMICS
|
FIFTH SEMESTER – April 2009
EC 5503 – FISCAL ECONOMICS
Date & Time: 06/05/2009 / 1:00 – 4:00 Dept. No. Max. : 100 Marks
PART-A (5 x 4 = 20 Marks)
Answer any FIVE questions not exceeding 75 words. Each answer shall carry
the maximum mark of four only.
- Define Public Finance
- What is Canon of Economy with regard to Public Expenditure?
- Explain in short the Benefit theory of taxation.
- Differentiate between Direct and Indirect Taxes.
- What is VAT?
- Differentiate between Redeemable& Irredeemable Debt.
- What is Zero Base Budgeting?
PART-B (4 x 10 = 40 Marks)
Answer any FOUR questions not exceeding 300 words. Each answer shall carry
the maximum mark of ten only.
- Explain Musgrave view on principle of Maximum Social Advantage.
- Discuss the Canons of Taxation.
- What are the factors governing Taxable Capacity of an economy?
- Explain the various methods of Redemption of Debt.
- What are the objectives of Fiscal Policy?
- Explain the principles of Federal Finance.
- Explain the effects of deficit financing in India.
PART-C (2 x 20 = 40 Marks)
Answer any TWO questions not exceeding 900 words. Each answer shall carry
the maximum mark of twenty only.
- Analyse the causes for enormous growth of Public Expenditure in India.
- Critically examine the Ability to pay theory of taxation
- Explain the Theory of Shifting and Incidence under Monopoly.
- Discuss the procedure involved in Framing& Execution of the Budget.
Latest Govt Job & Exam Updates: