LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034      B.A. DEGREE EXAMINATION – ECONOMICS

AN 15

FIFTH SEMESTER – NOV 2006

         EC 5503 – FISCAL ECONOMICS

(Also equivalent to ECO 508)

 

 

Date & Time : 01-11-2006/9.00-12.00         Dept. No.                                                        Max. : 100 Marks

 

 

 

Part  – A

 

Answer any FIVE questions in about 75 words each.                     (5 x 4 = 20 marks)

1. Distinguish between public finance and private finance?
2. What is the effect of public expenditure on ability to work, save and invest?
3. Distinguish between tax evasion and tax avoidance.
4. Name the non-tax revenues of the Government of India.
5. Differentiate between public debt and tax.
6. What is meant by zero based budget?
7. List out the canons of taxation.

 

Part – B

 

Answer any FOUR questions in about 300 words each.               (4 x 10 = 40 marks)

8. “Public finance is the study of principles underlying the spending and raising of funds by public authorities” – Explain.
9. Describe the main characteristics of a good tax system.
10. Explain the Wagner’s law of public expenditure. Do you think that the law operates in India? Substantiate your answer.
11. What is the importance of income-tax as a source of revenue for Government of India? Can expenditure tax be replaced by income tax?
12. Discuss the role of deficit financing in a developing economy like India.
13. Critically examine the benefit theory of taxation.
14. Elaborate the argument for and against corporation tax.

 

Part – C

 

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

15. “Public finance must be based on principles of maximum social advantage” – Discuss.
16. What are the various principles of taxation? State and explain the main difficulties in the way of practical application of these principles.
17. Discuss the concept of taxable capacity. Explain the factors, which determine the taxable capacity of a community. How would you measure taxable capacity?

“If fiscal policy has to achieve the desired objectives of economic stability great care must be exercised with regard to its timing and size” – Discuss.

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.A.

RF 41

DEGREE EXAMINATION –ECONOMICS

FIFTH SEMESTER – APRIL 2007

EC 5503 – FISCAL ECONOMICS

 

 

Date & Time: 02/05/2007 / 1:00 – 4:00            Dept. No.                                                      Max. : 100 Marks

 

 

Part  – A

 

Answer any FIVE questions in about 75 words each.                      (5 x 4 = 20 marks)

1. Explain in brief the definition of public finance given by Prof. Dalton.
2. What is the effect of public expenditure on consumption?
3. Distinguish between incidence and impact of a tax.
4. What is meant by corporation tax?
5. State the difference between public debt and private debt.
6. Write short notes on deficit budget and deficit financing.
7. What do you understand by pump priming and compensatory spending?

Part – B

 

Answer any FOUR questions in about 300 words each.                  (4 x 10 = 40 marks)

8. Explain the importance of public finance in an underdeveloped country.
9. Differentiate between proportional and progressive taxation. Give arguments for and against progressive taxation.
10. Briefly explain the main items of revenue of Indian Government.
11. What is fiscal policy? Discuss its components.
12. Examine the effects of taxation on production and distribution.
13. Critically examine the ability to pay theory of taxation.
14. Elucidate the argument for and against tax on agricultural income.

 

Part – C

 

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

15. Discuss fully the various canons of pubic expenditure. Is public expenditure in India based on these canons?
16. What is meant by direct and indirect tax? Distinguish between direct and indirect taxes and explain the merits and demerits of the same.
17. Explain in detail the importance of public debt in a developing economy. Examine critically the economic effects of public debt.
18. Critically examine the union budget, 2006.
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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

           B.A. DEGREE EXAMINATION – ECONOMICS

BC 25

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

 

1. Define Fiscal Economics
2. Distinguish between development and non-development expenditure.
3. State the important Smithian Canons of Taxation.
4. Distinguish between absolute and relative taxable capacity.
5. State principles of debt management
6. Mention the objective of fiscal policy in India
7. 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

 

1. Distinguish between public finance and private finance.
2. Examine the major items of expenditure of union and state governments in India.
3. Critically examine benefit theory in taxation.
4. State factors affecting taxable capacity in India.
5. Is India in debt trap? Examine.
6. Explain the techniques of fiscal policy adopted in India.
7. 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

 

1. Examine the reasons for the growth of public expenditure.
2. Critically examine the relative role of direct and indirect taxes in augmenting the revenue resources of Government of India in recent years.
3. Examine the recommendations of Twelfth Finance Commission in the context of the States demand for more devolution of funds.
4. Explain the causes and consequences of deficit budgeting along with measures taken to improve fiscal discipline in India.

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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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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

   B.A. DEGREE EXAMINATION – ECONOMICS

TA 22

FIFTH SEMESTER – November 2008

EC 5503 – FISCAL ECONOMICS

 

 

 

Date : 10-11-08                     Dept. No.                                       Max. : 100 Marks

Time : 9:00 – 12:00

PART A:         Answer any five questions in not exceeding 75 words                    5×4 = 20

1. Distinguish between Public Finance and Private Finance.
2. Explain the cannons of Public Expenditure.
3. What are the objectives of Taxation?
4. Distinguish between Impact, Incidence and Shifting of a Tax.
5. Explain the principle of Compensatory Finance.
6. What is a budget? State the objectives of a budget.
7. Compare revenue and capital budget.

 

PART B:      Answer any four questions in not exceeding 300 words                    4 x10 = 40

1. Explain the principle of Maximum Social Advantage.
2. Explain the features of a good tax system.
3. Explain the incidence of taxation in terms of modern theory.
4. Examine the scope of Value Added Tax in India.
5. What are the objectives and principles of public debt management?
6. What are the recommendations of the 12^th Finance Commission?
7. What are the instruments of sound financial administration?

 

PART C:   Answer any two questions in not exceeding 900 words                                    2 x20 = 40

1. Analyse the effects of Public Expenditure on production and distribution.
2. What is taxable capacity? Has India reached the limit of taxable capacity? Explain.
3. Public borrowing has become an integral part of Economic Development. – Discuss.

Give an account of the Fiscal Policy in India.

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

   B.A. DEGREE EXAMINATION – ECONOMICS

TA 13

FIFTH SEMESTER – November 2008

EC 5507 – FISCAL ECONOMICS – II

 

 

 

Date : 10-11-08                     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. What is Tax?
2. Define wealth tax.
3. What is VAT?
4. Define Federal Finance.
5. Differentiate between Excise Duty and Sales Tax.
6. What are the principal sources of Public Finance?
7. What is Deficit Financing?

 

PART – B

 

Answer any FIVE questions in about 250 words each                      (4 X 10 = 40 Marks)

 

1. Differentiate between Deficit Financing and Deficit Budgeting.
2. Examine the effects of Income Tax.
3. What are the arguments for and against Death duties?
4. What are the salient features of personal income tax in India?
5. Examine the case for and against Capital gains tax.
6. Discuss the effects of Deficit Financing in India.
7. What are the principles of Federal Finance?

 

PART – C

 

Answer any TWO questions in about 900 words each                      (2 X 20 = 40 Marks)

 

15. What are the objectives of Excise duty? State the arguments in support of the duty.

1. Explain the effects of taxation on Production and Distribution.
2. Explain the various forms of transfer of financial resources from the union to the State Governments in India.

What are the recommendations of 12^th Finance Commission?

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.A. DEGREE EXAMINATION – ECONOMICS

PK 25

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.

 

1. Define Public Finance
2. What is Canon of Economy with regard to Public Expenditure?
3. Explain in short the Benefit theory of taxation.
4. Differentiate between Direct and Indirect Taxes.
5. What is VAT?
6.  Differentiate between Redeemable& Irredeemable Debt.
7. 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.

 

1. Explain Musgrave view on principle of Maximum Social Advantage.
2. Discuss the Canons of Taxation.
3. What are the factors governing Taxable Capacity of an economy?
4. Explain the various methods of Redemption of Debt.
5. What are the objectives of Fiscal Policy?
6. Explain the principles of Federal Finance.
7. 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.

 

1. Analyse the causes for enormous growth of Public Expenditure in India.
2. Critically examine the Ability to pay theory of taxation
3. Explain the Theory of Shifting and Incidence under Monopoly.
4. Discuss the procedure involved in Framing& Execution of the Budget.

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.A. DEGREE EXAMINATION – ECONOMICS

PK 16

FOURTH SEMESTER – April 2009

EC 4504 – FISCAL ECONOMICS

 

 

 

Date & Time: 29/04/2009 / 9:00 – 12:00     Dept. No.                                                        Max. : 100 Marks

 

 

 

                 PART-A                                      (5 x 4 = 20 Marks)

 

           Answer any FIVE questions not exceeding 75 words each.

 

1. Define Public Finance.
2. Explain the characteristics of a Tax.
3. Differentiate between Tax and Price.
4. What do you mean by Taxable Capacity?
5. What is Incidence of Taxation?
6. What is Canon of Economy with regard to Public Expenditure?
7. Define Fiscal Policy.

 

    PART-B                                               (4 x 10 = 40 Marks)

 

             Answer any FOUR questions not exceeding 250 words each.

 

8. Compare & Constrast the Public and Private Finance.
9. Comment on the effects of Public Expenditure on production.
10. Discuss the Canons of Taxation.
11. Explain Direct and Indirect Taxes.
12. What are the factors governing Taxable Capacity of an economy?
13. Explain the various theories of Incidence of Taxation.
14. What are the objectives of Fiscal Policy?

 

PART-C                                           (2 x 20 = 40 Marks)

 

             Answer any TWO questions not exceeding 900 words.

 

15. Illustrate the principle of Maximum Social Advantage.
16. Analyse the causes for enormous growth of Public Expenditure in India.
17. Critically examine the Ability to pay theory of taxation
18. Explain the Theory of Shifting and Incidence under Monopoly.

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.A. DEGREE EXAMINATION – ECONOMICS

PK 31

FIFTH SEMESTER – April 2009

EC 5507 – FISCAL ECONOMICS – II

 

 

 

Date & Time: 06/05/2009 / 1:00 – 4:00       Dept. No.                                                        Max. : 100 Marks

 

 

 

PART – A

Answer FIVE questions in about 75 words each:                                          (5 x 4 = 20)    

 

1. What are the features of Corporate Tax in India?
2. List out the various forms of sales tax.
3. What are the objectives of excise duty?
4. Define Federal Finance, what are the principles underlying it?
5. Explain the concept ‘Wealth Tax’.
6. State the meaning and objective of a Budget.
7. What are the major local bodies functioning in India?

PART – B

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

 

8. Examine the effects of Income Tax in India.
9. Differentiate Tax evasion and Tax avoidance.
10. Bring out the merits and demerits of Sales Tax.
11. What is performance Budgeting? what are its features?
12. Explain the Principal sources of local Finance.
13. Why is VAT to be implemented?
14. What are the terms and conditions of Finance Commissions?

PART – C

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

 

15. Examine the case for and against capital gains Tax in India.
16. What are the defects of land revenue? Examine the justification of Agricultural Income Tax in India.
17. Analyse the evolution of Federal Finance in India.
18. Discuss the problems faced by local bodies in raising revenues, suggest remedial measures.

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

   B.A. DEGREE EXAMINATION – ECONOMICS

FIRST SEMESTER – NOVEMBER 2010

EC 1501 – INDIAN ECONOMY – I

 

 

 

Date : 12-11-10                     Dept. No.                                                   Max. : 100 Marks

Time : 1:00 – 4:00

 

PART – A                 

 

Answer any FIVE questions in about 75 words each.                                             (5×4=20 marks)

1. What is meant by income inequality?
2. State the causes for subdivision and fragmentation of landholding.
3. What is term loan in agriculture?
4. Define cooperative farming.
5. Describe food security.
6. What is GDP?
7. Define multiple cropping.

PART – B                 

 

Answer any FOUR questions in about 300 words each.                                      (4×10=40 marks)

 

1. Discuss the factors retarding economic growth.
2. Suggest water conservation measures for the semiarid zones.
3. Explain the working of Land Development Banks.
4. Discuss the intricacies of credit in agricultural marketing.
5. Write a note on food policy of Government of India.
6. Bring out the causes for the growth of population in India.
7. Suggest measures to solve food problem.

PART – C                 

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

 

1. Explain the characteristics of Indian economy.
2. Critically analyse the achievement of green revolution.
3. Analyse the working of NABARAD.
4. Explain the trends in the food grains production and show how it causes food

inflation in our country?

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.A. DEGREE EXAMINATION – ECONOMICS

FOURTH SEMESTER – APRIL 2011

EC 4504 – FISCAL ECONOMICS

 

 

 

Date : 08-04-2011              Dept. No.                                       Max. : 100 Marks

Time : 1:00 – 4:00

 

PART – A

Answer any FIVE questions in about 75 words each.                                 (5×4=20 marks)

 

1. Define private finance.
2. What is current expenditure?
3. Distinguish between tax and fees.
4. What is forward shifting?
5. Define fiscal policy.
6. State the nuances of regressive and proportional taxation.
7. Discuss Wagner hypothesis of public expenditure.

 

PART – B

Answer any FOUR questions in about 300 words each.                             (4×10=40 marks)

 

1. Bring out the principles of maximum social advantage.
2. Discuss the effects of public expenditure.
3. Explain the canons of taxation.
4. Examine the different theories of incidence of taxation.
5. Analyse the objectives of fiscal policy.
6. Discuss the principles of indirect taxation.
7. Explain the effects of taxation on production.

 

PART – C

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

1. Discuss the nature and scope of public finance.
2. Explain the causes for the growth of public expenditure.
3. Absolute taxable capacity is a myth while relative taxable capacity is a reality-comment.

Bring out the incidence of commodity taxes.

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.A. DEGREE EXAMINATION – ECONOMICS

FIFTH SEMESTER – APRIL 2011

EC 5507 – FISCAL ECONOMICS – II

 

 

 

Date : 20-04-2011              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)

 

1. Explain the concept of Personal Income Tax.
2. Give the arguments in favour of levying wealth tax in India.
3. What do you mean by State Excise Duties?
4. Briefly explain the Motor Vehicle Tax.
5. List out the functions of Panchayat Samithies.
6. Explain the concept of fiscal deficit.
7. What are the principles of federal finance.

PART-B

 

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

 

1. Explain Value Added Taxes. Give its merits and demerits.
2. Explain the significance of tax on agriculture.
3. Discuss the merits and demerits of Sales Tax.
4. Briefly discuss the summary and recommendations of Twelfth Finance Commission.
5. Distinguish the functions of Gram Panchayat and Municipal Corporation.
6. Explain the causes and consequences of deficit budgeting.
7. Briefly explain the functions and resources of  Local Bodies.

 

PART- C

 

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

 

1. Evaluate the Tax Revenue of the Central Government of India.
2. Describe various taxes of the State Government.
3. What do you understand by budgetary policy in India? Analyse the components

of Revenue and Capital Budgets.

 

1. What are the main disputes of Centre-State Financial Relations?

Give suggestions to remove these disputes.

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.A. DEGREE EXAMINATION – ECONOMICS

FIFTH SEMESTER – APRIL 2012

EC 5507 – FISCAL ECONOMICS – II

 

 

 

Date : 03-05-2012              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 Corporate Income Tax.
2. Explain Wealth Tax.
3. What is State Excise Duty? Explain.
4. Explain the forms of Sales tax.
5. What are the revenue sources of Municipalities?
6. Define Capital Budget.
7. Explain Federal Finance.

 

PART – B   

 

Answer any FOUR questions in about 250 words each:                            (4 X 10 = 40 Marks)

 

8. Examine the effects of Expenditure Tax.
9. Discuss for and against Capital Gains Tax.
10. Explain the pros and cons of Sales Tax.
11. What are the functions of Zilla Parishads?
12. Discuss the functions of Municipal Corporation.
13. What are the objectives of deficit budgeting?
14. Examine the principles of Federal Finance.

 

PART – C    

                                      

Answer any TWO questions in about 900 words each:                               (2 X 20 = 40 Marks)

 

15. Evaluate the effects of Income Tax.
16. Explain the structure of Local Finance.
17. Examine the consequences of deficit budgeting.
18. Critically analyse the recommendations of the 13^th Finance Commission.

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.A. DEGREE EXAMINATION – ECONOMICS

FOURTH SEMESTER – APRIL 2012

EC 4504 – FISCAL ECONOMICS – I

 

 

 

Date : 24-04-2012              Dept. No.                                       Max. : 100 Marks

Time : 1:00 – 4:00

 

PART – A

 

Answer any FIVE questions not exceeding 75 words each:                         (5 x 4 = 20 marks)

 

1. What do you understand by Public Finance?
2. Name the cannons of Public Expenditure.
3. Differentiate between tax and fines.
4. List out the various types of Public Expenditure.
5. What do you mean by the ‘Incidence of Taxation’?
6. What do you mean by taxable capacity?
7. Briefly explain the cost of service theory.

                             

PART – B

 

Answer any FOUR questions not exceeding 250 words each:                (4 x 10 = 40 Marks)

 

8. Differentiate between Public Finance and Private Finance.
9. Explain the various sources of Public Revenue.
10. Briefly explain the various cannons of Taxation.
11. Define a ‘tax’. Give an account of the characteristics of a good tax system.
12. Explain the factors determining taxable capacity.
13. Explain a Progressive Tax. Give its merits and demerits.
14. Bring out the objectives of Fiscal Policy.

                              

PART – C

 

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

 

15. Explain the Principle of Maximum Social Advantage. What are the difficulties in its application?
16. Discuss the effects of Taxation on Production, Distribution and Consumption.
17. Critically examine the Ability to pay theory of taxation.

Explain the various theories of incidence of taxation.

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.A. DEGREE EXAMINATION – ECONOMICS

FIFTH SEMESTER – NOVEMBER 2012

EC 5507 – FISCAL ECONOMICS – II

 

 

 

Date : 08/11/2012             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 Capital Gains Tax.
2. What is Excise Duty?
3. Explain the purpose of Motor Vehicle Tax.
4. List the functions of Gram Panchayats.
5. Define Capital Budget.
6. What is Deficit Budgeting?
7. List the functions of a Finance Commission.

 

PART – B   

                                       

Answer any FOUR questions in about 250 words each:                           (4 X 10 = 40 Marks)

 

8. Discuss the effects of Personal Income Tax.
9. Argue for and against Agricultural Income Tax.
10. Examine the consequences of Excise Duty.
11. Explain the revenue resources of a Municipal Corporation.
12. Distinguish between Revenue Budget and Capital Budget.
13. Examine methods of inter-governmental financial transfers.
14. Analyse the problems in Federal Finance.

 

PART – C    

                                      

Answer any TWO questions in about 900 words each:                             (2 X 20 = 40 Marks)

 

15. Evaluate the taxes levied by the State Governments.
16. Critically analyse the problems in Local Finance.
17. Examine the causes and consequences of deficit budgeting.
18. Critically analyse the recommendations of the 13^th Finance Commission.

 

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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)

 

1. Define ‘Public Finance’.
2. Define Maximum Social Advantage.
3. Explain Wagner’s law of public expenditure.
4. Briefly discuss any two canons of public expenditure.
5. Explain the features of a tax.
6. Discuss backward shifting.
7. What are the objectives of fiscal policy?

 

PART – B   

                                        

Answer any FOUR questions in about 250 words each:                                     (4 X 10 = 40 Marks)

 

8. Bring out the distinction between public and private finance.
9. Examine the types of public expenditure.
10. Discuss the ability to pay theory of taxation.
11. Explain the factors influencing taxable capacity.
12. Analyse the Concentration and Diffusion theories of incidence of taxation.
13. Trace the causes for the growth of public expenditure.
14. Examine the tools of fiscal policy.

 

PART – C    

                                      

Answer any TWO questions in about 900 words each:                                       (2 X 20 = 40 Marks)

 

15. Explain the Principle of Maximum Social Advantage.
16. Evaluate the effects of taxation on economic activities.
17. Analyse the objectives of taxation.
18. Examine the objectives of fiscal policy.

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