Roll No. ....................................

MAEC-12 (M.A. Economics)

Second Year, Examination-2015

MAEC-106
Public Economics

(lkoZtfud vFkZ'kkL=k)
Time : 3 Hours

Maximum Marks : 60

Note : This paper is of sixty (60) marks divided into three (03)
sections A, B, and C. Attempt the questions contained
in these sections according to the detailed instructions
given therein.

uksV % ;g iz'u&i=k lkB (60) vadksa dk gS tks rhu (03) [kaMksa d] [k rFkk
x esa foHkkftr gSA izR;sd [k.M esa fn, x, foLr`r funsZ'kksa ds
vuqlkj gh iz'uksa dks gy djuk gSA
Section - A @ [k.M&d
(Long Answer Type Questions)@(nh?kZ mkjksa okys iz'u)
Note : Section 'A' contains four (04) long-answer-type questions
of fifteen (15) marks each. Learners are required to
answer any two (02) questions only.
(215=30)

uksV % [k.M ^d* esa pkj (04) nh?kZ mkjksa okys iz'u fn;s x, gSa] izR;sd
iz'u ds fy, iUg vad fu/kZfjr gSa A f'k{kkfFkZ;ksa dks buesa ls
dsoy nks iz'uksa ds mkj nsus gSa A
1

PTO

1.

What are the factors responsible for increasing state's economic

activities ?

jkT; dh vkfFkZd fozQ;kvksa dh o`f ds D;k dkj.k gSa \

2.

Critically examine peacock wisemen hypothesis of Public

Expenditure.

yksd U;; ds ihdkWd okbteSu ifjdYiuk dk vkykspukRed ijh{k.k

dhft;sA
3.

Discuss the role of finance commission in the distribution of

resources between centre and states and among states.

dsUnz ,oa jkT;ksa ds chp rFkk jkT;ksa ds e; lalk/uksa ds forj.k

esa foRr vk;ksx dh Hkwfedk dk o.kZu dhft,A
4.

What are the challenges of public enterprises ?

yksd m|eksa dh pqukSfr;ka D;k gSa\

Section - B @ [k.M&[k
(Short Answer Type Questions) (y?kq mkjksa okys iz'u)
Note : Section 'B' contains eight (08) short-answer-type
questions of five (05) marks each. Learners are required
to answer any four (04) questions only.
(45=20)

uksV % [k.M ^[k* esa vkB (08) y?kq mkjksa okys iz'u fn;s x, gSa] izR;sd
iz'u ds fy, ikp (05) vad fu/kZfjr gaS A f'k{kkfFkZ;ksa dks buesa
ls dsoy pkj (04) iz'uksa ds mkj nsus gSa A
1.

What is Wagner's Law of Public Expenditure ?

2

yksd O;; dk oSxuj dk fu;e D;k gS \

2.

Distinguish between public and private finance.

lkoZtfud ,oa futh foRr esa Hksn dhft,A

3.

Explain briefly principle of Maximum social advantage.

vf/dre lkekftd ykHk ds flkUr dks la{ksi esa le>kb;sA

4.

Discuss any two methods of debt redemption.

.k 'kks/u dh fdUgha nks fof/;ksa dh foospuk dhft,A

5.

Differentiate between direct and indirect taxes.

izR;{k ,oa ijks{k djksa esa vUrj dhft,A

6.

What is the impact of tax on resources of production ?

mRiknu ds lalk/uksa ij dj dk D;k izHkko gksrk gS \

7.

Explain briefly sources of public debt.

lkoZtfud .k ds lzksrksa dks la{ksi esa le>kb;sA

8.

Evaluate Indian deficit financing.

Hkkjro"kZ esa ghukFkZ izcU/u dk ewY;kadu dhft,A

Section - C @ [k.M&x
(Objective Type Questions) @ (oLrqfu"B iz'u)
Note : Section 'C' contains ten (10) objective-type questions of
one (01) mark each. All the questions of this section are
compulsory.
(101=10)

uksV % [k.M ^x* esa nl (10) oLrqfu"B iz'u fn;s x, gSa] izR;sd iz'u
ds fy, ,d (01) vad fu/kZfjr gS A bl [k.M ds lHkh iz'u
vfuok;Z gSa A
3

PTO

Choose correct alternative :

lgh fodYi pqfu, %

1.

Which of the following is not a canon of taxation given by

Adam Smith ?
(a)

Canon of equity

(b)

Canon of certainty

(c)

Canon of convenience

(d)

Canon of productivity

fuEufyf[kr esa ls dkSu lk djk/ku ,Me fLeFk }kjk crk;k x;k

vfHkfu;e ugha gS&
(v) lerk vfHkfu;e
(c) fuf'prrk vfHkfu;e
(l) lqfo/k vfHkfu;e
(n) mRikndrk vfHkfu;e
2.

Which of the following taxes contribute the largest share of

central Government's tax revenue ?
(a)

Income tax

(b)

Excise duties

(c)

Corporation tax

(d)

Custom duties

fuEufyf[kr esa ls fdl dj dk ;ksxnku dsUnzh; dj jktLo esa

lcls vf/d gS\
(v) vk;dj
(c) mRikn 'kqYd
4

(l) fuxe dj
(n) lhek 'kqYd
3.

Which types of tax helps in reducing disparities of income ?

(a)

Progressive tax

(b)

Proportion tax

(c)

A&B

(d)

Regressive tax

dkSu ls izdkj ds dj vk; dh vlekurk dks de djrs gSa \

(v) izxfr'khy dj
(c) vkuqikfrd dj
(l) v vkSj c
(n) izfrxkeh dj
4.

Who appoints the finance commission :

(a)

Prime Minister of India

(b)

Chairman of the Rajya Sabha

(c)

President of India

(d)

Speaker of the Lok Sabha

foRr vk;ksx dk xBu dkSu djrk gS &

(v) Hkkjr dk iz/kuea=kh
(c) jkT; lHkk dk v;{k
(l) Hkkjr dk jk"Vifr
(n) yksdlHkk dk Lihdj

PTO

5.

Interest payment is an Item of :

(a)

Revenue expenditure

(b)

Capital expenditure

(c)

Plan expenditure

(d)

None of these

C;kt Hkqxrku en gS &

(v) jktLo O;;
(c) iwath O;;
(l) ;kstuk O;;
(n) buesa ls dksbZ ugha
6.

The concept of zero based budget was given by :

(a)

R.A. Musgrave

(b)

J. M. Keynes

(c)

Peter A. Pyhr

(d)

A. H. Hansen

'kwU; vk/kfjr ctV dh vo/kj.kk nh gS &

(v) vkj- ,- elxzso
(c) ts- ,e- dhUl
(l) ihVj ,- ik;j
(n) ,- ,p- gSulu
7.

Agricultural Income tax is a source of revenue to :

(a)

Central Government

(b)

State Government
6

(c)

Local administration

(d)

Central and state governments

d`f"k vk;dj jktLo dk lzksr gS &

(v) dsUnzh; ljdkj ds fy,
(c) jkT; ljdkj ds fy,
(l) LFkkuh; iz'kklu ds fy,
(n) dsUnzh; ,oa jkT; ljdkjksa ds fy,
8.

The burden of a tax on monopoly profit will be :

(a)

Entirely on producer

(b)

Entirely on Consumer

(c)

Equally distributed among the producer and the

consumer

(d)

More on the consumer

,dkf/dkj ykHk ij dj Hkkj gksxk%

(v) iw.kZr;k mRiknd ij
(c) iw.kZr;k miHkksDrk ij
(l) mRiknd vkSj miHkksDrk ij cjkcjh ls foHkkftr
(n) miHkksDrk ij vf/d
9.

Which of the following is not an aim of fiscal policy ?

(a)

Exchange control

(b)

Economic development

(c)

Increase in employment

(d)

Price Stability
7

PTO

fuEufyf[kr esa ls dkSu jktdks"kh; uhfr dk mn~ns'; ugha gS&

(v) fofue; fu;U=k.k
(c) vkfFkZd fodkl
(l) jkstxkj esa o`f
(n) dher fLFkjrk
10.

Prof. Baljeet Singh is related to :

(a)

Tax reforms

(b)

Public Finance

(c)

Public Enteprises

(d)

Functional Finance

izks- cythr flag lEcfU/r gSa &

(v) dj lq/kj
(c) yksd fok
(l) lkoZtfud m|e
(n) dk;Z'khy fok