MAEC03 Public Finance M.A Question Bank : uou.ac.in

Name of the University : Uttarakhand Open University
Degree : M.A
Department : Economics
Subject Code/Name : MAEC03 Public Finance
Year : II
Document Type : Old Question Papers
Website : uou.ac.in

Download Model/Sample Question Paper : https://www.pdfquestion.in/uploads/uou.ac.in/4413-MAEC-03.pdf

Public Finance :

MAEC-10 (M. A. Economics)
First Year, Examination – 2012
Time : 3 Hours

Related : Uttarakhand Open University MAEC-01/ 02 Economic Theory-1 And II M.A Question Bank : www.pdfquestion.in/4424.html

Maximum Marks : 60
Note : This paper is of sixty (60) marks containing three (03) sections. Learners are required to attempt the questions contained in these sections according to the detailed instructions given therein.
SECTION – A
(Long-answer – type questions)
Note : Section ‘A’ contains four (04) long-answer-type questions of fifteen (15) marks each. Learners are required to answer two (02) questions only.
1. ‘The best system of public finance is that which secures the maximum social advantage from operations it conducts.’ Explain this statement.
2. Explain ‘peacock-Wiseman Hypothesis’ with reference to public expenditure.

3. Discuss the salient features of the Indian Tax system. What are the shortcomings of Indian Tax system.?
4. What is shifting of tax? Examine shifting of tax under various conditions of demand elasticities.

Section – B : (Short – answer – type questions)
Note : Section ‘B’ contains eight (08) short- answer type questions of five (05) marks each. Learners are required to answer four (04) questions only. Answers of these questions must be restricted to two hundred fifty (250) words approximately. (4*5=20)

Briefly discuss any four (04) of the following :
1. What is public finance? Explain the role of public finance in developing countries.
2. Discuss the main sources of ‘public debt’ ?
3. What are the factors affecting taxable capacity?
4. Examine the pricing principles in public enterprises.

5. Personal income tax in India.
6. Are revenue receipts of Central Government sufficient ?
7. Explain canons of public expenditure .
8. Shed light on the role of deficit financing in economic development.

Section – C : (Objective – type questions)
Note : Section ‘C’ contains ten (10) objective –type questions of one (01) mark each. All the questions of this section are compulsory. (10*1=10)
Indicate whether the following are true or false;
1. Incidence of Tax means direct money burden of Tax.

2. Indirect Taxes are also called by commodity Taxes.
3. Coporation Tax not gives maximum net revenue to the Government of India.
4. Dalton has propounded the doctrine of ‘Maximum Social Advantage’.
5. Taxtion in Canon of Equity was advocated by Adem Smith. Indicate the correct answer-option;

6. Chairman of Thirteenth Finance Commission is
Vijay Kelker
A . M. Khusro
R. Rangarajan
S. Subba Reddy

7. VAT is levied on:
Production
Consumption
Both of the above
None of the above

8. With the implementation of tax reform after 1991 the share of direct taxes in total pool of central government’s revenue has
(a) Increased
(b) decreased
(c) remained stagnant
(d) None of the above

9. According to the Thirteenth Finance Commission the share of states in the proceeds of shareable central taxes is
(a) 32%
(b) 29%
(c) 33%
(d) 39%

10. The main source of revenue of local bodies is
(a) Property tax
(b) Profession tax
(c) tax on vehicles
(d) tax on animals

First Year, Examination-2015 :
MAEC-03 Public Economics :
Time : 3 Hours
Maximum Marks : 60
Note : This paper is of sixty (60) marks divided into three (03) sections A, B, and C. Attempt the questions contained in these sections according to the detailed instructions given therein.

Section – A : (Long Answer Type Questions)
Note : Section ‘A’ contains four (04) long-answer-type questions of fifteen (15) marks each. Learners are required to answer any two (02) questions only. (2×15=30)
1. Explain the reasons for an increase in public expenditure.
2. Distinguish between direct and indirect taxes and explain why there is greater dependence on direct taxes for revenue in developing countries.

3. Examine the effectiveness of Fiscal Policy in attaining full employment.
4. Mention various methods of debt redemption.

Section – B : (Short Answer Type Questions)
Note : Section ‘B’ contains eight (08) short-answer-type questions of five (05) marks each. Learners are required to answer any four (04) questions only. (4×5=20)
1. Discuss the scope and nature of public finance.

2. Discuss in short the Maximum Social Advantage Theory.
3. Discuss fully the various canons of public expenditure.
4. Distinguish between shifting of a tax and tase evasion.

5. Distinguish between “Functional Finance and Activating Finance”.
6. Explain problems of debt management in under developed countries.
7. Write a short note on Non Tax Revenue.
8. Explain Economic effects of Public Debt.

Section – C : (Objective Type Questions)
Note : Section ‘C’ contains ten (10) objective-type questions of one (01) mark each. All the questions of this section are compulsory. (10×1=10)
1. ‘Public Finance is an art, it is concerned with actual problems’. The statement is given by
(a) Dalton
(b) Bastable
(c) Findley Shirras
(d) Hicks

2. ‘No Taxation without representation’. The slogan belongs to
(a) Freedom Movement of Amercia
(b) Freedom Movement of India
(c) Freedom Movement of Bangladesh
(d) None of these