BCom TY BCom Sem 5 BCom Sem 5 (2017 2018) Nov 2018 BUS. ECONOMICS PAPER V Question Paper - Mumbai University | munotes

Questions asked in this paper

• Please check whether you have got the right question paper
• 2. Figures to the right indicate full marks

1. Q3 Draw neat and clear figures wherever applicable
2. Q1 Attempt any two of the following. 15 marks
   • a. Explain the meaning and scope of public finance
   • b. Describe Dalton’s version of Principle of Maximum Social Advantage
   • c. What is functional finance? Discuss the features of functional finance
3. Q2 Attempt any two of the following. 15 marks
   • a. Discuss the various sources of revenue of the government
   • b. Examine the merits and demerits of indirect taxes
   • c. Explain the factors affecting the shifting of a tax
4. Q3 Attempt any two of the following. 15 marks
   • a. Discuss the various causes of increase in public expenditure
   • b. Describe the various types of public debt
   • c. Explain the meaning and key issues in fiscal federalism
5. Q4 Attempt any two of the following. 15 marks
   • a. Explain the components of unorganized sector of Indian money market
   • b. Discuss the money market reforms introduced in India since 1991
   • c. What is capital market? Explain the structure of Indian capital market
6. Q5 A. State with reasons whether the following statements are true or false. (any four) 8 marks
7. Q1 The basic principle of both public and private finance is the same
8. Q3 Incidence of tax refers to the final money burden of a tax
9. Q4 Direct taxes will not affect the willingness and ability to work, save and invest Capital levy is advocated to repay the debt raised during a war
10. Q6 Revenue expenditures improve the productive capacity of the economy
11. Q7 India, the bill market is not yet fully developed
12. Q8 Credit Rating Agencies are passive participants in the capital market
    • B. Choose the correct answer and rewrite the statement. (any seven) 07
13. Q1 The function of public finance which came into prominence since the late 1930s is
    • a) Distribution function
    • b) Consumption function
    • c) Stabilization function
    • d) None of these
    • Q.P. Code :19483
14. Q2 of maximum social advantage is
    • a) Economic stability
    • b) Improvement in production
    • c) Improvement in distribution does not form the basis of sound finance
    • a) Say’s law
    • b) Assumption of full employment
15. Q4 The demerit of direct taxes is
    • a) Certain
    • b) Elastic
    • c) Arbitrary
    • d) Equitable will involve a quid-pro-quo
    • a) Income tax
    • b) Corporation tax
    • c) Prices of goods
    • d) Wealth tax
16. Q6 Incase of backward shifting, the burden of tax is shifted from
    • a) Producers to suppliers of factors of production
    • b) Producers to consumers
    • c) Consumers to producers is nota part of the plan expenditure
    • a) Agriculture
    • b) Defence
    • c) Social services
    • d) Industry
17. Q8 Primary deficit is obtained by deducting interest payments from the
    • a) Fiscal deficit
    • b) Revenue deficit
    • c) Monetised deficit
    • d) Budgetary deficit
    • Q.P. Code :19483
18. Q9 As per FRBM Act, 2003 the central government should reduce revenue deficit to zero
19. Q10 Certificates of Deposits are issued by
20. Q11 ---------- is not the role of capital market
    • a) Mobilisation of savings
    • b) Channelisation of funds for investment
    • c) Industrial development
    • d) Development of commercial banking
21. Q12 Secondary market reforms of Indian capital market do not include
    • c) Depository system
    • d) Rolling settlement
    • Q.P. Code :19483 Please check whether you have got the right question paper
    • H) HUA HU,
    • Q.P. Code :19483
    • a) Go
    • Q.P. Code :19483
22. Q8 FRBM 2008 FUR

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