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

AN 25

THIRD SEMESTER – NOV 2006

         EC 3809 – PUBLIC ECONOMICS – I

 

 

Date & Time : 27-10-2006/9.00-12.00         Dept. No.                                                       Max. : 100 Marks

 

 

 

Part  – A

 

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

1. Distinguish between pure and impure public goods.
2. Relate absolute unanimity rule and relative majority rule with voter externality cost.
3. List out the social costs and benefits arising out of construction of a dam.
4. Substantiate Wagner’s Law of public expenditure.
5. Why do we need horizontal summation of individual demand curves for public goods?
6. List out the three essential ingredients of a good theory of public expenditure put out by R.A. Musgrave and P.B. Musgrave
7. How can we employ dis-invested funds of PSUs in a country like India?

 

Part – B

 

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

8. Illustrate the working of distribution branch in India with current examples with respect to state and central governments.
9. Evaluate the theory of public expenditure put forward by Allen. T. Peacock and Jack Wiseman.
10. Enumerate the difficulties encountered in the execution of cost benefit analysis as a tool to select public sector projects.
11. Measure the burden arising out of internal debt of government of India. Do you agree with the statement “Internal debt poses no burden”. Substantiate your answer.
12. Assess the contribution of PUSUS to employment, industrial output, tax receipts and capital formation since 1991.
13. Why do we need to manage public debt?
14. State and explain any five types of crude investment criteria. Bring out their pros and cons.

 

Part – C

 

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

15. Critically evaluate voluntary exchange model of public expenditure by Bowen and Lindhal. Bring out its limitations.
16. Justify the operation of Wagner’s law in Indian GDP and public expenditure data.
17. Explain the use of time-adjusted methods in the selection of public projects.
18. Are you satisfied with the size and growth of internal and external debt of India substantiate your view.

 

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

RF 12

M.A. DEGREE EXAMINATION – ECONOMICS

THIRD SEMESTER – APRIL 2007

EC 3809 / EC 3805 – PUBLIC ECONOMICS – I

 

 

 

Date & Time: 24/04/2007 / 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. Explain the theory of social choice.
2. What are the reasons for Market failure?
3. Comment on the effect of four fiscal measures used to perform distribution function.
4. What is social discount rate? What are its uses and limitations?
5. Compare internal rate of return with demand price of capital asset.
6. What is debt management? Why is it necessary?
7. Comment on the dis-investment effort taken by government of India during the year 2006-07.

Part – B

 

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

8. What is the job of the government under allocation branch?
9. Why do we need a separate theory for the provision of public and private goods?
10. “Wagner’s Law of public expenditure is by and large true” – Explain.
11. Explain James M. Buchanan’s model of public expenditure in a small number case.
12. Assess the burden arising out of external debt.
13. Assess the contribution of public sector units to private sector units in India.
14. Critically evaluate the pricing policy of public sector produced goods and services in India.

 

Part – C

 

Answer any TWO questions in about 300 words each.                 (2 x 20 = 40 marks)

15. Assess the over all contribution of public sector units to major Macroeconomic variables in India.
16. Measure the size and growth of public debt in India since 1991. What are consequences of rising public debt? How should they be handled?
17. Stat and explain the Peacock and Wiseman model of public expenditure.
18. Critically evaluate Bowen and Lindahl model of public expenditure.

 

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

BC 44

M.A. DEGREE EXAMINATION – ECONOMICS

THIRD SEMESTER – APRIL 2008

    EC 3809 – PUBLIC ECONOMICS – I

 

 

 

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.  Each answer shall carry the maximum marks of four only.                                                               (5×4= 20 marks)

 

1. What is stabilization function of fiscal policy?
2. What is meant by the theory of social choice?
3. Bring out the effect of externalities in judging a public project.
4. State the Kaldor-Hicks compensation criteria.
5. Distinguish between NPV and IRR.
6. Illustrate with a diagram marginal cost pricing of public goods.
7. List out the social costs and benefits arising out of an irrigation project.

 

                                                            PART-B

 

Answer any FOUR questions in not exceeding 300 words. Each answer shall carry the maximum marks of ten only.                                                      (4×10=40 marks)

 

8. “Public goods and private goods differ drastically from each other.” Explain.
9. Explain the political interaction costs of democratic voting.
10. “Wagnar’s law of public expenditure is by and large true.” Do you agree?
11. What are the problems encountered in the measurement of costs and benefits for a public sector project?
12. What are the advantages of PPBS over traditional budgeting?
13. “Internal debt poses no burden. “- Comment..
14. Should public sector undertakings necessarily make profits? Support your answer.

 

                                                           PART-C

 

Answer any TWO questions in about 900 words. Each answer shall carry the maximum marks of twenty only.                                                     (2×20=40 marks)

 

15. Explain in detail James.M.Buchanan’ s model of public expenditure in a small number case and large number case.
16. Evaluate the Budget Model of public expenditure by P.B.Musgrave and R.A.Musgrave.
17. Account for the poor performance of public sector undertakings in India. What remedial measures do you suggest?
18. Do you think size and growth of India’s debt is a cause of concern? If so, how will you address the problem?

 

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

M.A. DEGREE EXAMINATION – ECONOMICS

THIRD SEMESTER – NOVEMBER 2010

    EC 3809  – PUBLIC ECONOMICS – I

 

 

 

Date : 01-11-10                 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 are the characteristics of a good theory of public expenditure?
2. Compare private goods with public goods.
3. Explain the process of providing public goods through majority voting.
4. What are decision making costs?
5. Explain the social benefits and social cost arising out of construction of a dam.
6. What is Planning Programming Budgeting System?
7. Interpret the size and sign of primary deficit.

 

Part – B

 

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

 

8. Explain positive, negative and neutral management of public debt.
9. Contest the operation of Wagner’s Law in actual practice.
10. Explain Sharp and Escaraz model.
11. List out and explain the steps to be considered in the selection of public sector project.
12. Narrate various types of costs and benefits arising out of a public sector project.
13. Trace the size and growth of public sector in India since 1991.
14. Account for the low rate of return on public sector investments?

 

Part – C

 

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

 

15. Explain the role of modern governments in the execution of allocation, distribution and stabilization functions.
16. Assess the contribution of James M. Buchanan to the theory of public goods.
17. Measure the revenue-expenditure gap of central and state government in India. What are its causes? List out some remedial measures.
18. Explain the use of discounting techniques in the selection of public sector projects.

 

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

M.A. DEGREE EXAMINATION – ECONOMICS

THIRD SEMESTER – APRIL 2012

EC 3809 – PUBLIC ECONOMICS – I

 

 

Date : 24-04-2012             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)

 

1. Distinguish between National and Non-national public goods.
2. What are the three basic characteristics of a good theory of public expenditure?
3. Briefly explain four governmental interventions which will bring about more equal distribution of income.
4. What is Social Discount Rate? What are its limitations?
5. What is administered pricing? What are its pros and cons?
6. List out the direct and indirect benefits arising out of laying a new railway line.
7. List out the burden arising out of external public debt.

 

Part – B

 

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

 

8. Explain planning programming and Budgeting system(PPBS). Bring out its pros and cons.
9. Explain crude investment criteria.
10. What are the objectives of public sector enterprises in India?
11. Explain the process of disinvestment in India in the recent years.
12. What are the steps to be considered in the selection of a public sector project for execution?
13. What is the role of allocation function in an economy?
14. State and explain Peacock and Wiseman hypothesis.

 

Part – C

 

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

 

15. Explain the budget model of public expenditure. Bring out its merits and demerits.
16. How do we select public sector projects with the help of net present value criteria? Give numerical examples.
17. Measure the magnitude of public debt of Government of India since 1991. Suggest measures to control the same.
18. Explain various methods of pricing of public sector goods. Bring out their relative merits and demerits.

 

 

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

M.A. DEGREE EXAMINATION – ECONOMICS

THIRD SEMESTER – NOVEMBER 2012

EC 3809 – PUBLIC ECONOMICS – I

 

 

Date : 03/11/2012            Dept. No.                                        Max. : 100 Marks

Time : 9:00 – 12:00

 

                                                                        Part – A                                                          (5 x 4 = 20)

 

Answer any FIVE questions in not exceeding 75 words each. Each answer shall carry the maximum mark of four only:

 

1. Explain the impact of free riders’ problem in the provision of public goods.
2. Distinguish between tax purchase and borrowing purchase mechanism. Which one is a feasible option?
3. State Wagner’s law.
4. What is administered price mechanism?
5. How our government should utilize disinvestment proceeds?
6. Define shadow prices. Why are they necessary?
7. Define fiscal, revenue and primary deficits.

 

                                                                        Part – B                                                          (4 x 10 = 40)

 

Answer any FOUR questions in not exceeding 300 words each. Each answer shall carry the maximum mark of ten only:

 

8. Compare and contrast commercial benefit cost analysis with social benefit cost analysis.
9. Explain various types of cost and benefits arising out of a public sector project.
10. Explain voluntary exchange model of provision of public goods.
11. Critically evaluate Alan. T. Peacock and Jack Wiseman model of public expenditure.
12. What are the consequences of rising internal debt of government of India?
13. Compare planning programming and budgeting system with traditional budgeting procedure.
14. Critically evaluate the welfare objectives of public sector pricing policies.

 

                                                                        Part – C                                                          (2 x 20 = 40)

 

Answer any two questions in not exceeding 900 words each. Each answer shall carry the maximum mark of twenty only:

 

15. How do we select public sector projects for execution by following discounting methods?
16. Critically evaluate Paul Antony Samuelson’s model of public expenditure.
17. Assess the role of public sector units in India.
18. What is fiscal mismanagement? What is the role of public debt in fiscal mismanagement?

 

 

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