Punjab University 2009 B.A Economics - : B, : Part - II - Question Paper

ECONOMICS- Paper : B
(Public Finance and International Economics)

B.A. 2nd Year

Time Allowed: 3 Hours Maximum Marks : 90

Note: Attempt 5 ques. in all. ques. No. one is compulsory.Answer
one ques. every from Section-A,B,C,D.

1. Do any 9 of the following:

(a) Difference ranging from Public Finance and Private Finance.

(b) Why has Public Expenditure increased in latest years ?

(c) What are the objectives of Taxation ?

(d) Define Debt Trap.

(e) State the safe limits of Deficit Financing.

(f) Explain in brief forward shifting of the tax.

(g) What is meant by Free Trade ?

(h) Write short note on meaning of Terms of Trade.

(i) Explain briefly assumptions of Classical theory of trade.

(j) What is meant by balance of trade ?

(k) What is International Trade ?

(l) Explain briefly the role of IBRD.[Marks 9x2=18]

SECTION-A

2. What is Public Expenditure ? explain the effects of Public expenditure
on production and distribution of National Income.[Marks 18]

3. Discuss the different canons of taxation.What are the modern views on a
Good Tax System ?[Marks 18]

SECTION-B

4. What is meant by public debt ? discuss the role of public debt specially
with reference to the under-developed Countries.[Marks 18]

5. Distinguish ranging from Impact and Incidence of a tax. explain the factors
which determine the incidence of taxation.[Marks 18]

SECTION-C

6. Define Protection.Give arguments for and against protection.[Marks 18]

7. State and discuss Heckscher-Ohlin theory of International trade.[Marks 18]

SECTION-D

8. What is adverse 'Balance of Payment'?What measures do you suggest to accurate
adverse Balance to Payments of a country ?[Marks 18]

9. Critically evaluate the main functions of International Bank for Reconstruction
and Development?[Marks 18]

Earning:   Approval pending.