LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

M.A. DEGREE EXAMINATION – ECONOMICS

RF 44

FOURTH SEMESTER – APRIL 2006

                                                       EC 4804 – PUBLIC ECONOMICS – II

(Also equivalent to EC 4801)

 

 

Date & Time : 22-04-2006/9.00-12.00         Dept. No.                                                       Max. : 100 Marks

 

 

PART – A

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

1. What is fiscal dynamics? How does it differ from fiscal comparative statics?
2. Comment on weightage given to population as a criteria for sharing divisible pool of taxes with states by central government in the XII Finance commission.
3. Measure excess burden. How does it affect consumer or producer surplus?
4. What is state level value added tax? Why are some state government refusing to implement the same in their states?
5. What is the role of autonomous investment in Hicksian theory of trade cycle?
6. Distinguish between horizontal and vertical equity in tax sharing between centre and states.
7. What is pump priming expenditure? When is it required?

PART – B

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

8. Bring out the relevance of Security Transaction tax and Cash transaction tax in India.
9. “A tax on capital gains must be abolished” – Discuss.
10. Suggest some measures to over come the fiscal deficit of government of Tamil Nadu.
11. Why do we need highly centralized form of federal structure for India?
12. Explain the operation of fiscal stabilization with the help of Kenesian cross diagrams.
13. Derive balanced budget multiplier. Bring out the economic reasons for its value being equal to one always.
14. Comment on the strength of fiscal tools to bring about economic stabilization.

PART – C

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

15. Bring out a suitable fiscal policy for India for sustaining 8% to 10% annual growth of G.D.P.
16. Comment on the reforms introduced in India regarding customs tariff since 1991. How far are they harmful or helpful to domestic manufactures?
17. Assess the salient features of personal and corporate income tax structure in India.
18. Explain the structure and composition of tax receipts of government of Tamil Nadu.

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

RF 05

FOURTH SEMESTER – APRIL 2007

         EC 4808 – PUBLIC ECONOMICS – II

 

 

 

Date & Time : 16-04-2007/9.00-12.00         Dept. No.                                                       Max. : 100 Marks

 

 

 

Part – A

 

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

1. Comment on the changes introduced in the estimation of Personal Income Tax estimation for the year 2007-08
2. What is the significance of additional cess levied across the board to strengthen higher education in India?
3. What is MAT? Why is it necessary?
4. Distinguish between horizontal and vertical resource transfers.
5. What are statutory and discretionary resource transfers between Centre and States?
6. Comment on the norms recommended by XII Finance Commission for the transfer of Personal Income Tax and Excide duty receipts to States and Union Territories.
7. What is State Excise duty? Account for its size and growth in Tamil Nadu in recent years.

 

Part – B

 

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

8. Account for the fiscal deficit of Tamil Nadu government.
9. How are proportional taxes on corporate income shifted under imperfect competition?
10. Explain the concept of fiscal dynamics with the help of Paul Antony Samuelson’s model.
11. “Elasticity of LM and IS schedules determines the role of fiscal and monetary policies in economic stabilization” – Discuss.
12. Bring out the salient features of Railway budget for the year 2007-08.
13. What is infant industry argument? How far it is relevant in India today?
14. “Agriculture in India is under taxed”. Substantiate your view.

 

 

Part – C

 

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

15. Propose the ideal fiscal policy mix for India for sustainable economic growth and development.
16. What are the major areas of conflict in Centre-State financial relations in India? How are they handled?
17. (a) Measure excess burden under general equilibrium conditions.

(b) Measure the burden arising out of a tax on corporate income.

18. Assess the indirect tax reforms introduced in India since 1991.

 

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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)

 

1. Measure forward and backward shifting of a per unit tax under increasing returns to scale.
2. Why do we need fiscal stimulus to overcome depression?
3. What are grants-in-aid? Explain its types.
4. Develop arguments in favour of wealth tax.
5. What is Green Tax? Why is it necessary?
6. What is tax buoyancy? How is it measured?
7. 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)

 

8. Why do we need Central Vat and State VAT in India?
9. Bring out an argument for and against the independent existence of Corporate Income Tax in India along with Personal Income Tax.
10. Explain the receipts and functions of various levels of local bodies in Tamil Nadu.
11. Explain the process of shifting and incidence under constrained sales maximization.
12. Why do we need non-development expenditure in India? Assess their presence in the last ten years.
13. List out the reasons for growing fiscal deficit in Tamil Nadu.
14. 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)

 

15. Evaluate the union budget proposals for the year 2012-2013.
16. Trace out the Indirect tax reform in India since 1991.
17. Measure shifting and incidence under perfect and imperfect competition.
18. Explain the role of Fiscal and Monetary policies in economic stabilization.

 

 

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