16.
11
18.
19.
20.
21.
22.
23.

24.
25.
26.

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2 D 10761

Section B (Short Essay/Paragraph Questions)

Answer at least five questions.

Each question carries 6 marks.

All questions can be attended.
Overall Ceiling 30.

Differentiate between impact and incidence of tax. Give suitable example.
Discuss the role and functions of NITI Aayog.
Explain the meaning and significance of zero base budgeting.
What are the major sources of public revenue in India ?
Discuss the principles of public debt management.
Explain the canons of public expenditure.
Define fiscal deficit. Examine the problem of growing fiscal deficit in India.
What are public goods ? Explain the characteristics of public goods.
(5 x 6 = 30 marks)
Section C (Long Essay Questions)

Answer any two questions.
Each question carries 10 marks.

Explain Wagner’s hypothesis on public expenditure.
What are the canons of taxation ? Explain the theory of optimal taxation.

Explain fiscal federalism. Evaluate the role of Finance Commission in ensuring smooth central -

state financial relations.
Examine the principle of maximum social advantage.

(2 x 10 = 20 marks)

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