University of Lucknow 2011 B.Com Accounting and Finance APPLIED ECONONOMICS part 2 - Question Paper
A
C-935
B.Com.(Part II) Examination, 2011
(Regular & Exempted)
APPLIED ECONONOMICS
(Public Finanace)
Time Allowed : 3 Hours
Maximum Marks : 100
Note : ques. No.1 is compulsory. Attempt 4 other
questions, selecting 1 ques. from every Unit
1. Write in short about following:
(i) Scope of Public Finance
(ii) Canon of sanction
(iii) Difference ranging from Public Finance and Private Finance
(iv) Sinking Fund Method
(v) Fiscal Deficit
(vi) Tax System
(vii) Features of Income Tax
(viii) Productive Public Debt
(ix) Service Tax
(x) Central Board Of Excise and Customs.
Unit-I
2. "Public Finance lies on the border line ranging from Economics and
Political Science . " discuss. Also explain the
relationship of
Public Finance with other sciences.
15
3. explain Adam Smith's canons of taxation. Also explain modern
canons of taxation.
15
Unit-II
4. discuss the principle of maximum social advantage. Point out
its limitations.
15
5. What do you understand by 'Capital Levy' ? provide aruments for
and against capital levy as a method of redemption of public
debt.
15
Unit-III
6. What is budget ? define the procedure for the passing of
Budget of Government of India.
15
7. Write notes of the subsequent :
7.5+7.5
(i) Public Account Committe (PAC)
(ii) Estimates Commitee.
Unit-IV
8. elaborate the causes of growth in public expenditure of Govt.
Of India in latest years. discuss in details.
15
9. Name the different local bodies in India. define the sources
of income of local bodies.
15
C-935-4-13,000
A
C-935
B.Com.(Part II) Examination, 2011
(Regular & Exempted) APPLIED ECONONOMICS (Public Finanace)
Time Allowed: Three Hours
Maximum Marks: 100
A
Note : Question No.1 is compulsory. Attempt four other questions, selecting one question from each Unit
1. Write in short about following:
(i) Scope of Public Finance
(ii) Canon of sanction
(iii) Difference between Public Finance and Private Finance
(iv) Sinking Fund Method
(v) Fiscal Deficit
(vi) Tax System
(vii) Features of Income Tax
(viii) Productive Public Debt
(ix) Service Tax
(x) Central Board Of Excise and Customs.
2. "Public Finance lies on the border line between Economics and Political Science . " Explain. Also discuss the relationship of Public Finance with other sciences. 15
3. Discuss Adam Smith's canons of taxation. Also discuss modern canons of taxation. 15
Unit-II
4. Explain the principle of maximum social advantage. Point out its limitations. 15
5. What do you understand by 'Capital Levy' ? Give aruments for and against capital levy as a method of redemption of public debt. 15
Unit-III
6. What is budget ? Describe the procedure for the passing of Budget of Government of India. 15
7. Write notes of the following : 7.5+7.5
(i) Public Account Committe (PAC)
(ii) Estimates Commitee.
Unit-IV
8. What are the causes of growth in public expenditure of Govt. Of India in recent years. Explain in details. 15
9. Name the various local bodies in India. Describe the sources of income of local bodies. 15
C-935-4-13,000
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