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FIFTH SEMESTER (CBCSS—UG) DEGREE EXAMINATION

NOVEMBER 2022

Economics

ECO 5B 07—FISCAL ECONOMICS

Two Hours and a Half

(2019 Admission onwards)

Maximum : 80 Marks

Section A

Short Answer Questions. Maximum marks in this section is 25.

Students can attempt all questions. Each question carries a maximum of 2 marks

Primary deficit.
Vertical equity.
Investment evaluation.
Taxable capacity.
Finance Commission.
Forward shifting of tax.
Capital expenditure.
Budget.

Direct tax.

Fiscal crisis.

Canons of public expenditure.

Black money.

Public goods.

Inter-governmental transfers.

Incidence of a tax.

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