Public Economic ,BA 5th CBCS Question Paper 2023

Public Economic ,BA 5h semester Question Pa per 2023.

 Total No. of Printed Pages-7

5 SEM TDC DSE ECO (CBCS) 6 (H)2023

(November)

ECONOMICS

(Discipline Specific Elective )

(For Honours)

Paper: DSE-6

(Public Economics)

Full Marks: 80

Pass Marks: 32

Time: 3 hours

The figures in the margin indicate full marks for the questions

1. Choose the correct answer of the following:

(a) Maximum Social Advantage is achieved whenbMarginal Social SacrificebMarginal Social Benefit.

(ii) Total Social Sacrifice Total Social Benefit

(iii) Average Social Sacrifice = Average Social Benefit

(iv) Net Social Sacrifice = Net Social Benefit

(b) Education at a private college is a

(i) private good

(ii) public good

(iii) merit good

(iv) mixed good

(c) In case of positive externality

(i) the social marginal cost will exceed private marginal cost

(ii) the social marginal cost will be equal to private marginal cost

(iii) the social marginal cost will be less than private marginal cost

(iv) the social marginal cost has no relation to private marginal cost

(d) Incidence of tax means

(i) direct money burden.

(ii) indirect money burden

(ii) actual tax burden

(iv) None of the above

(e) The benefit principle of taxation states that tax should be paid in proportion to

(i) income

(ii) expenditure

(ii) benefit

(iv) utility

(f) Deadweight debt refers to which of the following forms of public debt?

(i) Internal debt

(ⅱ) External debt

(ii) Unproductive debt

(iv) Productive debt

(g) Which of the following is union tax?

(i) Taxes on railway freights and fares

(ii) Stamp documents duties on financial

(i) Tolls

(iv) Both (i) and (ii)

(h) In India, GST was introduced in the year

(i) 2016

(ii) 2017

(i) 2018

(ίυ) 2019

2. Write short notes on any four of the following (within 150 words each): 4x4=16

(a) Stabilization Government functions of the

(b) The free-rider problem

(c) Externalities

(d) Economic effects of taxation

(e) Features of Indian Tax System

l5. (a) Distinguish between vertical equity and horizontal equity. In the light of the ability to pay principle, discuss the various concepts of equal sacrifice with the help of diagram.2+9=11

(b) What is incidence of taxation? Explain the demand and supply theory of incidence of taxation.   2+9=11

6. (a) Explain the fiscal reform measures taken in India in the context of new economic policy. Do you think these measures justification. are adequate? Give 8+4=12

(b) Define the concept of budget deficit, revenue deficit and fiscal deficit. Describe briefly the consequences of fiscal deficit. Mention three measures to reduce fiscal deficit.h