Bachelor of Commerce (B.Com.) SY BCom Sem 4 BCom Sem 4 (2018 2019) Oct 2018 ATKT BUS. ECONOMICS IV Question Paper - Mumbai University | munotes

Questions asked in this paper

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1. Q2 All questions carry equal marks
2. Q3 Use of simple calculator is allowed
3. Q1 A) Explain the following concepts: (any five) 10 marks
   • i) Distribution function
   • v) Redeemable debt
   • B) Choose the right answer from the given options and rewrite the statements: 10
   • i) Public finance is a
   • a) social b) fiscal science political science d) none of these
   • ii) Production possibility curve is illustrated to explain
   • a) economic efficiency b) government role government d) all of these
   • a) compulsory payment b) optional payment c) political phenomenon d) all of these
   • v) If the tax rate declines with an increase in tax base it is called
   • vi) Government expenditure on interest payment is an example of vil) The “Law of increasing state expenditure” was put forward by
   • a) pension and health insurance b) disability benefits c) medical benefits d) all of these
   • ix) Primary deficit is fiscal deficit less
   • a) interest payments b) interest receipts c) d) none of these
   • x) The 14" finance commission was set up under the chairmanship of
4. Q2 Answer any Two of the following: 20 marks
   • a) Discuss the meaning and scope of public finance
   • b) Explain Dalton’s Principle of Maximum Social Advantage
   • c) Examine the features of public goods and state the role of the government in providing them
   • Q.P. Code : 32643
5. Q3 Answer any Two of the following: 20 marks
   • a) Explain the various canons of taxation
   • b) Examine the process of shifting and incidence of tax with respect to elasticities of demand and
   • c) Analyse the economic effects of taxation
6. Q4 Answer any Two of the following: 20 marks
   • a) Explain the classification of public expenditure
   • b) Trace the causes of growth in public expenditure
   • c) Examine the burden of public debt
7. Q5 Answer any Two of the following: 20 marks
   • a) Examine the features of functional finance
   • b) Explain the different types of budget
   • c) Outline the key issues in fiscal federalism and decentralization
   • Q.P. Code : 32643 Please check whether you have got the right question paper
8. Q2 TAT
9. Q2 MTA AT
   • Q.P. Code : 32643
10. Q8 de = qe
    • S) ST

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