Semester -IV Public Finance

Semester -IV Public Finance 

                                      Important questions

Unit-1

1)  Evolution of public finance?

2)  Meaning, nature, scope and subject matter of public finance?

3)  Public good and private good?

4)  Market mechanism in public and private goods?

5)  Role of state in economics development?

Unit – 2: public expenditure.

1)  Wagner’s law of expenditure/ increasing state activities?

2)  Peacock’s- wisemen hypothesis?

3)  Principle of maximum social advantage?

4)  Causes for rise in the public expenditure?

5)  Effects of public expenditure?

6)  What are the cannons of public expenditure?

Unit – 3: Taxation and public debt.

1)  Define public revenue? Its sources?

2)  Meaning of taxation and types?

3)  Cannons of taxation?

4)  Approaches to taxation?

5)  Progressive, regressive & proportional taxes?

6)  Impact and incidence of taxation?

7)  Shifting of taxation and theories?

8)  Elasticity and buoyancy of taxation?

9)  VAT merits and demerits?

   10) Meaning and types of public debt?

   11) Causes for rise in public debt?

    12) Methods for re-payment of public debt?

Unit – 4:

 Fiscal policy and federal finance.

1)   Fiscal policy in re-distribution of income and wealth?

2)  Meaning, definition and objectives of fiscal policy?

3)  Fiscal policy in a developing country?

4)  Features of federal financial structure?

5)  Brief description of direct and indirect tax structure in India?

6)  Central and state relations?

Unit –5: Budget.

1)  Meaning and types of budget?

2)  Concepts of budget deficit and their implications?

3)  State and central budget?

4)  Fiscal crisis and fiscal reforms in India?

5)  Reports of finance commission in India?