Dibrugarh University - B.com 5th Sem
Public Finance Question Papers
2015 (November)
Commerce (General/Speciality)
Course: 501
Full Marks: 80
Full Marks: 32
Time: 3 hours
1. Answer the following as
directed: 1x8=8
a)
What is the prime source of tax revenue of
Assam?
b)
‘Land Revenue’ is a source of revenue of the
Union government. (Write Yes or No)
c)
Write the full form of VAT.
d)
Mention one canon of taxation.
e)
Mention one function of the Finance Commission
of India.
f)
Mention one principle of public debt management.
g)
Mention a tax levied by Municipal Corporation.
h)
Mention one demerit of Indirect tax.
2. Write short notes on (any
four): 4x4=16
a)
Role of public finance.
b)
Characteristics of ‘zero-base budgeting’.
c)
Classification of public revenue.
d)
Taxable capacity.
e)
Evils of deficit financing.
3. (a) What is ‘public finance’?
Distinguish between public finance and private finance. 3+9=12
Or
(b) Explain the
principle of ‘maximum social advantage’ with the help of a diagram. 12
4. (a) What is
‘budget’? Give an account of the budgetary control system in India. 3+8=11
Or
(b) What do you
mean by ‘financial administration’? What are its main ingredients? Discuss
clearly the principles of financial administration. 3+4+4=11
5. (a) What do
you mean by ‘public revenue’? Explain the principles of public revenue. Also
write a short note on the effects of public revenue. 3+5+3=11
Or
(b) Discuss Adam
Smith’s canons of taxation. 11
6. (a) what is
‘public expenditure’? What are its principal objectives? Discuss its scope. 2+5+4=11
Or
(b) Discuss the
effects of public expenditure on production and distribution. 6+5=11
7. (a) What is
meant by ‘public debt’? Discuss about the growth of internal and external
public debt in India. 3+4+4=11
Or
(b) What is
‘deficit financing’? Discuss the role of deficit financing in Indian economy. 3+8=11