File Details:

Questions:

1. Explain two causes of increase in fiscal deficit.
2. What is adverse balance of trade?
3. Explain two conditions of Pigou's Principles of Maximum Social Advantage.
4. What is the meaning of public expenditure?
5. What is the nature of public finance?
6. What is the meaning of Musgrave's Theory?
7. What is the meaning of GST?
8. Define debt trap.
9. What is the meaning of incidence?
10. What is the meaning of non-tax revenue?
11. What is the meaning of fiscal policy? Define the components of fiscal policy.
12. What is the meaning of GST and how does it work?
13. Explain the Indian tax system.
14. What is the meaning of Wagner's State Law?
15. What steps has the government taken to reduce fiscal deficit in India?
16. Explain Peacock-Wiseman theory of public expenditure.
17. Explain the budget process in India.
18. Mention four important similarities between public and private finance.