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Questions:

1. Write the difference between Public Finance and Private Finance.
2. What is the principle of maximum social advantage?
3. Which are the various techniques of Budgeting?
4. Write the difference between Deficit Financing and Budget Deficit.
5. Discuss the effect of public expenditure on economic stability.
6. What is VAT?
7. What is Double Taxation?
8. Define public debt.
9. What are the shortcomings of Federal Financing?
10. What do you mean by impact of taxation?
11. Explain the term 'Public Finance' and discuss its scope and importance.
12. Discuss the statement 'The best system of public finance is that which sources the maximum social advantage.'
13. Do you agree that Zero-base budgeting is an improvement over the traditional budgeting?
14. What is Deficit Financing? Under what situations can it be justified?
15. What is Public Expenditure? Explain its classification.
16. Critically examine the various theories of taxation.
17. Define 'Public Debt' and write its objective and importance.
18. Explain the main shortcomings of the Indian Tax system and suggest remedies to improve the tax structure.