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What is black money ?
Explain stamp duty and registration fees.
Explain expenditure tax.

Explain Canon of economy of public expenditure.

‘What are the similarities between public finance and private finance ?

What are the characteristics of a good tax system ?

D 40201

(10 x 2 = 20 marks)

Part C (Short Essay Questions)

Answer any six questions.
Each question carries 5 marks.

Explain the causes of public debt.

Distinguish between balanced and unbalanced budget.

What are the merits and demerits of direct taxes ?

Explain Wiseman peacock hypothesis of public expenditure.

What are the recommendations of fourteenth finance commission ?
What are the sources of local finance ?

What are the features of India’s public debt ?

Explain the characteristics of Zero Based Budgeting.

(6 x 5 = 30 marks)

Part D (Essay Questions)

Answer any two questions.
Each question carries 12 marks.

What is public expenditure and what are the Effects of public expenditure on production and

distribution.

Explain comparison of private debt and public debt and what are the causes of Public debt in India

are.
Describe the principles of Federal finance and illustrate the central state relationship.

Explain the features and shortcomings of Indian tax system.

(2 x 12 = 24 marks)