LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034
B.A. DEGREE EXAMINATION – ECONOMICS
FOURTH SEMESTER – NOVEMBER 2012
EC 4504 – FISCAL ECONOMICS – I
Date : 03/11/2012 Dept. No. Max. : 100 Marks
Time : 1:00 – 4:00
PART – A
Answer any FIVE questions in about 75 words each: (5 x 4 = 20 Marks)
- Define ‘Public Finance’.
- Define Maximum Social Advantage.
- Explain Wagner’s law of public expenditure.
- Briefly discuss any two canons of public expenditure.
- Explain the features of a tax.
- Discuss backward shifting.
- What are the objectives of fiscal policy?
PART – B
Answer any FOUR questions in about 250 words each: (4 X 10 = 40 Marks)
- Bring out the distinction between public and private finance.
- Examine the types of public expenditure.
- Discuss the ability to pay theory of taxation.
- Explain the factors influencing taxable capacity.
- Analyse the Concentration and Diffusion theories of incidence of taxation.
- Trace the causes for the growth of public expenditure.
- Examine the tools of fiscal policy.
PART – C
Answer any TWO questions in about 900 words each: (2 X 20 = 40 Marks)
- Explain the Principle of Maximum Social Advantage.
- Evaluate the effects of taxation on economic activities.
- Analyse the objectives of taxation.
- Examine the objectives of fiscal policy.
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