BCom TY BCom Sem 5 BCom Sem 5 (2018 2019) May 2019 Business 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. Q1 any two of the following. 15 marks
   • a) Explain the meaning of public and private finance and explain the differences between them
   • b) Discuss the limitations of Dalton’s principle of Maximum Social Advantage
   • c) Write a note on redistributive taxation and anti-inflationary taxation
2. Q2 Attempt any two of the following. 15 marks
   • a) Describe the various sources of tax and non-tax revenue of the government
   • b) Discuss the merits and demerits of direct taxes
   • c) Explain the concepts of impact, shifting and incidence of taxation
3. Q3 Attempt any two of the following. 15 marks
   • a) Explain the classification of public expenditure
   • b) What do you mean by public debt? Discuss the burden of external debt
   • c) Discuss the limitations of FRBM Act, 2003 Attempt any two of the following. 15
   • a) Explain the meaning and features of Indian money market
   • b) Discuss the role of capital market in economic development of a country
   • c) Describe the reforms that have taken place in the primary segment of Indian capital market
4. Q5 a) State with reasons whether the following statements are true or false: (any four) 8 marks
5. Q1 According to functional finance, budget must act as an instrument of economic change
6. Q2 Taxes are subject to decreasing marginal social sacrifice
7. Q3 Indirect taxes are convenient in nature
8. Q4 Under monopoly, the incidence of lumpsum tax is on the seller
9. Q5 Inflation leads to rise in public expenditure
10. Q6 Public borrowing for famine relief is an example of unproductive debt
11. Q7 Money Market Mutual Funds are the main components of unorganized money market
12. Q8 Retail investors are not allowed to trade in Central Government Securities
    • b) Choose the correct answer and rewrite the statements: (any seven) 07 1, ---------- is not within the scope of public finance
    • a) Public revenue
    • b) Public expenditure
    • c) Monetary management
13. Q2 The objective of fiscal policy of the government should be
    • a) To increase production
    • b) To reduce inequality of income and wealth To maintain economic growth
    • d) All of these
    • Q.P. Code :33449
    • a) Unbalanced budget
    • b) Balanced budget
    • c) Surplus budget
    • d) Deficit budget 4, ---------- is not an indirect tax
    • a) Custom duty
    • b) Goods and Service Taxes
    • d) Excise duty
14. Q5 Incase of perfectly inelastic demand, the money burden is -----------,
    • a) Entirely on the seller
    • b) Fully borne by the buyers
    • c) Shifted partially to the buyers
    • d) None of these
15. Q6 ----------- is not a characteristic of a tax
    • a) Levied on commodity income
    • c) Compulsory payments
    • d) Involves sacrifice
16. Q7 Development expenditure is incurred on
    • a) Defence
    • b) Administrative expenses
    • c) Interest payments
17. Q8 -=--------- is the most comprehensive measure of budgetary imbalances
    • a) Monetized deficit
    • b) Fiscal deficit
    • c) Revenue deficit
    • d) Primary deficit 9, of the following has laid down the principles governing fiscal federalism in
    • a) Finance Commission
    • b) Ministry of Finance
    • c) Constitution of India
    • d) Planning Commission
18. Q10 The unorganized sector of Indian money market does not include
    • a) Money lenders
    • b) Chit funds
    • c) Indigenous bankers
    • Q.P. Code :33449
19. Q11 ----------- are the main participants in the call money market
    • b) Commercial banks
    • c) Primary dealers
    • d) All of these
20. Q12 Government securities market is also known as
    • c) Financial intermediaries
    • Q.P. Code :33449 Please check whether you have got the right question paper
    • F) AT AK
21. Q2 Fed
    • Q.P. Code :33449
    • F) FET
    • Q.P. Code :33449

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