Bachelor of Arts (B.A.) Sem III 2022 2023 Oct 2022 PUBLIC FINANCE Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q1 sea
2. Q2 Wa
   • N. B. 1) All Questions are
3. Q2 All Questions carry equal marks
4. Q1 Attempt Any Two. 20 marks
   • a) Describe public goods and private goods?
   • b) Define ' market failure’. Discuss the causes of market failure!
   • c) Highlight the principle of functional finance?
5. Q2 Attempt Any Two. 20 marks
   • a) Discuss the cannon’s of taxation?
   • b) Explain the merits and demerits of indirect taxation?
   • c) Examine Musgrave's approach to maximum social advantage?
6. Q3 Attempt Any Two. : a) Explain the objectives of fiscal policy 20 marks
   • b) Discuss Wagner's Law of public expenditure
   • c) Define ‘public debt’. Explain types of public debt
7. Q4 Attempt Any Two. 20 marks
   • a) Highlight briefly sources of public revenue
   • b) What are the major recommendations of the Fourteenth Finance Commission?
   • c) Describe in detail Goods and Service Tax (GST)
8. Q5 Write Short Note on ( Any 2) 20 marks
   • a) Instruments of stabilisation policy
   • b) Incidence of taxation
   • c) Concepts of deficits
   • d) FRBM Act 2003

Read from the scan above, so a character or two may differ. The scan is the original.