File Details:

Questions:

1. Define Public finance.
2. Briefly explain the Peacock-Wiseman Hypothesis.
3. Point out the main characteristics of tax.
4. Distinguish between impact and incidence of tax.
5. What do you understand by shifting of tax?
6. Elucidate Diffusion theory.
7. Explain the determining factors of taxable capacity.
8. What is Double Taxation?
9. What are the sources of Public debt?
10. Briefly explain the effects of Public debt in a developing economy.
11. Explain the major fiscal functions of government.
12. Explain critically the Wagner's law of increasing state activities.
13. Describe the various canons of Public expenditure. Which canon is most suitable to the developing countries like India?
14. What are the main sources of Public revenue? Explain in detail.
15. Explain the 'Ability to Pay Theory' of taxation.
16. Examine critically the various methods of redemption of Public debt.