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24.

25.
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33.

35.

36.

What is taxable capacity ?

Explain diffusion theory of incidence.
What are the advantages of an income tax ?
Explain refunding and repudiation.
Explain voluntary disclosure scheme.

C 21241

(10 x 2 = 20 marks)

Part C (Short Essay Questions)
Answer any six questions.
Each question carries 5 marks.
Explain canons of public expenditure.
Differentiate public finance and private finance.
Explain principles of taxation.
What are the sources of public revenue ?
Explain the principles of public debt management.
What are the merits and demerits of sales tax ?
What are the causes of black money ?
Explain the arguments in favour of progressive taxation.

(6 x 5 = 30 marks)

Part D (Essay Questions)

Answer any two questions.
Each question carries 12 marks.

Explain local finance in India. What are its functions and problems ?
What is meant by tax and what are the types of taxation.

What is finance commissions and examine the major recommendations and functions of finance

commissions.

Explain the effects of public expenditure on the economy of India.

(2 x 12 = 24 marks)