LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034
M.A. DEGREE EXAMINATION – ECONOMICS
FOURTH SEMESTER – APRIL 2012
EC 4808 – PUBLIC ECONOMICS – II
Date : 16-04-2012 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)
- Measure forward and backward shifting of a per unit tax under increasing returns to scale.
- Why do we need fiscal stimulus to overcome depression?
- What are grants-in-aid? Explain its types.
- Develop arguments in favour of wealth tax.
- What is Green Tax? Why is it necessary?
- What is tax buoyancy? How is it measured?
- Distinguish between income and consumption types of VAT in European countries.
Part – B
Answer any FOUR questions in about 250 words each: (4 x 10 = 40 marks)
- Why do we need Central Vat and State VAT in India?
- Bring out an argument for and against the independent existence of Corporate Income Tax in India along with Personal Income Tax.
- Explain the receipts and functions of various levels of local bodies in Tamil Nadu.
- Explain the process of shifting and incidence under constrained sales maximization.
- Why do we need non-development expenditure in India? Assess their presence in the last ten years.
- List out the reasons for growing fiscal deficit in Tamil Nadu.
- Explain the concept of fiscal dynamics with the help of Multiplier-Accelerator model of Paul Antony Samuelson.
Part – C
Answer any TWO questions in about 900 words each: (2 x 20 = 40 marks)
- Evaluate the union budget proposals for the year 2012-2013.
- Trace out the Indirect tax reform in India since 1991.
- Measure shifting and incidence under perfect and imperfect competition.
- Explain the role of Fiscal and Monetary policies in economic stabilization.
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