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Important Questions for "Public Finance":

[1]

  1. Explain the importance of Public Finance.
  2. Explain the role of government in the economy with reference to its major fiscal functions.
  3. Explain Wagner's law of public expenditure. Do you think this law operates in India?

[2]

  1. Distinguish between impact and incidence of tax.
  2. Briefly explain the effects of Public debt in a developing economy.
  3. Describe the various canons of Public expenditure. Which canon is most suitable to the developing countries like India?

[3]

  1. Explain the importance of public finance.
  2. Explain the displacement, inspection, and concentration effects of Peacock and Wiseman's model of the public sector.
  3. Differentiate between the impact and incidence of tax. Discuss the incidence of a tax under the market conditions of perfect competition.

[4]

  1. Throw light on the importance of public finance.
  2. Describe different types of Public debt.
  3. Discuss different methods of redemption of Public debt.

[5]

  1. Explain Resources of Public Revenue.
  2. Explain merits and demerits of Indirect Taxes.
  3. Explain the role of Government in Economy.

[6]

  1. What is the nature of public finance?
  2. What is the meaning of public expenditure?
  3. What steps has the government taken to reduce fiscal deficit in India?

[7]

  1. Trace the significance of public finance in modern times.
  2. What is the contribution of fiscal policy in India's economic development? Explain the shortcomings of fiscal policy.
  3. Give details of the various measures to contain budgetary deficit.

[8]

  1. Write the definition of public finance.
  2. What do you mean by balance of payment?
  3. Describe the recommendation of fourteenth finance commission.

[9]

  1. What do you mean by Public Finance?
  2. Distinguish between Public Finance and Private Finance.
  3. Explain the comparative difference in costs.

[10]

  1. Discuss the role of public finance in relation to economic development.
  2. Give the meaning of trade cycle. Explain fully the measures to control trade cycles.
  3. Write short notes on the following: Phases of trade cycles; Role of Reserve Bank in economic development.

[11]

  1. Public Finance is a science. Explain.
  2. Discuss the similarities between Public Finance and Private Finance.
  3. What is the role of Public Finance in the National economy of any country? Explain.

[12]

  1. Discuss the importance of public finance in developing countries.
  2. Briefly discuss the scope of Public finance.
  3. Write a short note on Wagner's view on Public expenditure.

[13]

  1. Discuss the importance of Public Finance.
  2. Define Public Finance and discuss its scope.
  3. Write an essay on the classification of Public Expenditure.

[14]

  1. Write the difference between Public Finance and Private Finance.
  2. Explain the term 'Public Finance' and discuss its scope and importance.
  3. Discuss the statement 'The best system of public finance is that which sources the maximum social advantage.'

[15]

  1. What do you mean by 'Public Finance'?
  2. Define the nature of Public Finance. How does Public Finance differ from Private Finance?
  3. Critically examine the principle of maximum social advantage in Public Finance.

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