BCom TY BCom Sem 5 BCom Sem 5 (2019 2020) Oct 2020 BUSINESS ECONOMICS 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 Attempt any two of the following
   • A. Discuss the scope and functions of public finance
   • B. Explain Dalton’s version of the principle of maximum Social advantage
   • C. What is sound finance? Discuss its features any two of the following
   • A. Discuss the various sources of tax revenue
   • B. Outline the merits and demerits of direct taxes
   • C. Discuss the meaning of impact of incidence of taxation and bring out their differences
2. Q3 Attempt any two of the following
   • A. Elaborate on the causes for the increase in public expenditure
   • B. Explain the important types of budgets
   • C. Critically examine FRBM Act, 2003
3. Q4 any two of the following
   • A. Explain the components of organized sector of Indian money market
   • B. What are the main features of Indian money market?
   • C. Explain the various capital market reforms introduced in India
4. Q5 A. State with reasons, whether the following statements are true or false
5. Q1 Public finance is open to public security li) According to functional finance, the budget must act as an instrument of economic
   • iii) Indirect taxes are convenient in nature Iv) In the backward shifting the producer shift the tax burden to the consumers
   • v) Revenue deficit is the excess of revenue receipts over the revenue expenditure In a federal system of government the power to govern is shared between central and The commercial bill market in India is underdeveloped SEBI is not responsible for capital market surveillance
   • B. Choose the correct option and rewrite the sentences (any seven)
6. Q1 The maximum welfare principle of budget determination is associated with
   • a) Hugh Dalton
   • c) Edwin Seligman
   • d) Richard Musgrave
   • Q.P. Code :33448 li) According to say’s law
   • a) Budget deficits do not stimulate the economy
   • b) Supply creates its own demand
   • c) The government shall maintain a reasonable level of demand at all times
   • d) The capitalist system will collapse due to inherent crisis iil) Redistributive taxation aims at
   • a) Reducing savings
   • b) Reducing consumptions
   • c) Balancing the budget
   • d) Controlling deficit
   • iv) Which of the following will involve a quid-pro-quo?
   • a) Prices of goods
   • b) Income tax
   • c) Excise duty
   • d) None of the above
   • v) is merit of indirect taxes
   • a) Wide coverage
   • b) Progressive
   • c) Less.resentment
   • d) Forced savings
   • vi) In the case of perfectly inelastic demand, the money burden is
   • a) Entirely on the seller
   • b) Fully borne by the buyer
   • c) Shifted partially to the buyers
   • d) None of the above
   • vii) According to whom there is intensive as well as extensive increase in state activities
   • b) Peacock
   • d) Dalton Public debt is an important source of income the government to cover which of the
   • a) Fiscal deficit
   • b) Budgetary surplus
   • c) Trade deficit
   • d) None of these
   • ix) Which of the following has laid down the principles governing fiscal federalism in
   • a) Finance commission
   • b) Constitution of India
   • c) Ministry of finance
   • d) None of the above
   • Q.P. Code :33448
   • x) Which of the following measures absorb liquidity from the financial system?
   • b) Reverse Repo
   • d) Buying of securities under open market operation
   • xi) Which of the following do not constituent the structure of capital market in India?
   • d) Mutual funds
   • xii) Mutual funds play an important role in Indian capital market as
   • a) Speculator in stock market
   • b) Investment avenue for small investors
   • c) Promoter of large scale industries
   • d) Promoter of agriculture
   • Q.P. Code :33448 Please check whether you have got the right question paper 2002 (FRBM ACT 2003) are
   • Q.P. Code :33448
   • v) de vi) viii) iv)
   • S) He
   • Q.P. Code :33448 vi)
   • vii) Ad
   • ix) chet
   • Q.P. Code :33448 xi)

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