Punjab University 2010-2nd Year B.A Economics - : B , :-, - Question Paper

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

B.A. 2nd Year

Time Allowed: 3 Hours Maximum Marks : 90

Note: (i) Attempt 5 ques. in all, selecting at lowest 1 from every

Section A,B,C and D. ques. No. one is compulsory.

1. Answer any 9 of the following:

(a) Define Public Finance.

(b) Explain the principle of maximum social advantage.

(c) Write a note on Public Expenditure.

(d) What is Tax ?

(e) Explain backward shifting of tax.

(f) Explain Deficit Financing.

(g) What do you mean by International Trade ?

(h) What is meant by Free Trade ?

(i) Write brief note on objectives of W.T.O.

(j) What is meant by balance of trade ?

(k) Explain the objectives of IMF.

(l) Write a short note on the role of IBRD.[Marks 9x2=18]

SECTION-A

2. Discuss the causes of growth of public expenditure in latest years.[Marks 18]

3. Explain briefly canons of taxation in an under developed country.[Marks 18]

SECTION-B

4. Define incidence of taxation. explain the factors which influence the
incidence of taxation.[Marks 18]

5. What is meant by public debt ? discuss the role of public debt especially
with reference to the under developed countries.[Marks 18]

SECTION-C

6. Critically examine the theory of comparative costs of international trade.[Marks 18]

7. State and examine Heckscher-Ohlin theory of international trade.[Marks 18]

SECTION-D

8. Indicate the chief features of IMF.Has its membership been beneficial to India ?[Marks 18]

9. Discuss the main causes of adverse balance of payments.How is it corrected ?[Marks 18]

Earning:   Approval pending.