Semester : SEMESTER 6
Subject : Development of Economic Thought
Year : 2020
Term : March
Branch : ECONOMICS WITH ISLAMIC FINANCE
Scheme : 2020 Full Time
Course Code : ECO 6B 13
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3 C 80393
Part B (Very Short Answer Type Questions)
Write any ten questions.
Each question carries 2 marks.
What are the Canons of taxation ?
What is balanced budget ?
What do you mean by fiscal policy ?
What is fiscal federalism ?
Write a note laissez-faire economy.
What do you mean by black money ?
Write a note on local finance.
Explain the components of non-tax revenue.
What is Vertical imbalance ?
What is Goods and Service Tax (GST) ?
What is Cost-Benefit Analysis (CBA) ?
What are the types of public debt ?
(10 x 2 = 20 marks)
Part C (Short Essay Type Questions)
Write any six questions.
Each question carries 5 marks.
Analyze the causes and consequences of black money.
Distinguish between Public Finance and Private Finance.
What are the problems of growing fiscal deficit in India ?
Explain the ability to pay principle of taxation.
Explain Wagner's hypothesis on Public Expenditure with the help of diagram.
What are the economic effects of public expenditure ?
What are the objectives and measures of fiscal policy ?
What are the principles of public expenditure ?
(6 x 5 = 30 marks)