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SIXTH SEMESTER B.A./B.Sc. DEGREE EXAMINATION, MARCH 2020
(CUCBCSS—UG)
Economics

ECO 6B 13—PUBLIC FINANCE

Time : Three Hours Maximum : 80 Marks
Part A (Objective Type Questions)

Write all the twelve questions.
Each question carries % mark,

1. Primary deficit is :
(a) Fiscal deficit + interest payment.
(b) Fiscal deficit - interest payment.
(c) Fiscal deficit + revenue deficit.
(d) Fiscal deficit - Revenue deficit.
2. Who suggested that an expenditure tax in India as an alternative to income tax :

(a) Musgrave. (b) Galbraith.

(c) Dalton. : (d) Kaldor.
8. Which of the following is a fiscal measure :
(a) CRR. (b) Interest rate.
(c) Reverse Repo rate. (d) Investment subsidies.
4. Receipts from disinvestment of PSU’s :
(a) Revenue receipts. ۱ (b) Capital receipts.
(c) Public debt. (d) Non-tax receipts.

5. A good or a service that is characterized by non-excludability and non-rivalry in consumption is ;
(a) Merit good. (b) Public good.
(c) Private good. (d) Club good.