Full Marks: 80
Pass Marks: 32
Time: 3 hours
The figures in the margin indicate full marks for the questions.
1. Answer the following questions: 1x8=8
(a) Give an example of social goods.
(b) Mention one cannon taxation.
(c) Mention any one source of public debt of Government of India.
(d) State the year in which the Income-tax Act of India was passed.
(e) Mention one example of developmental expenditure of a State in India.
(f) Write the full form of ‘VAT’.
(g) Mention a tax levied by Municipal Corporation.
(h) Name the Chairperson of the Thirteenth Finance Commission of India.
2. Write short notes on: 4x4=16
(a) Private and Public finance
(b) Techniques of budgeting.
(c) Taxable capacity
(d) Deficit financing
3. (a) What is ‘Public Finance’? Discuss the nature and scope of public finance. 2+5+5=12
(b) “The study of Public Finance has assumed increasing significance in the field of economic analysis in recent years.” Explain the statement. 12
4. (a) What do you mean by ‘Financial Administration’? Briefly analyze the various instruments of Financial Administration. 3+8=11
(b) What is ‘zero-base budgeting’? Explain its need and pre-conditions. 3+4+4=11
5. (a) Define taxation. Mention the effects of taxation on production and distribution. 3+8=11
(b) Describe various sources of public revenue. Discuss the importance of public revenue in the economic development of a country. 4+7=11
6. (a) Explain the factors responsible for the growth of public expenditure in case of a modern State. 11
(b) Explain the significance of public expenditure on the economic development and economic stability of our country. 11
7. (a) Discuss the impact of public debt on a developing country. Describe the various methods of repayment of public debt. 5+6=11
(b) Discuss the role and functions of the ‘Finance Commission’ in India in the context of maintaining and promoting Centre-State financial relations. 5+6=11