University of Lucknow 2005 B.A Economics ( Part II) , - II - Question Paper

B.A ( Part II) exam 2005

Economics-Paper II



Time Allowed : 3 Hours
Maximum Marks:50

Note: Total Number of ques. to be answered is Five. ques. no. one is compulsory.Attempt 1 ques. fom every unit.Each ques. of the unit carries 7.5 marks.


1.Explain the subsequent in brief: 20
(i) Public goods
(ii) Wagner's legal regulations
(iii) Deficit Financing
(iv)Current Account Deficit
(v) VAT
(vi) Debt-Trap
(vii) Progressive Taxation
(viii) Reciprocl Demand
(ix) Finance Commission
(x) Incidence of Tax



UNIT I
2.Prove with the help of suitable diagrams that the direct money burden of a commodity tax is divided ranging from buyer and seller in the ratio of elastity of supply to clasticity of demand.
3.What do you understand by 'equity in taxation' does the approach of 'ability- to-pay' necessarily ensure progressive taxation?


UNIT II
4.Discuss the effects of public expenditure on ability and desire to work,save and invest.
5.Distinguish ranging from internal and external public debt.What are the methods of public debt. redemption?

UNIT III
6.What do you mean by fiscal policy?Suggest a suitable fiscal policy for a dveloping country like India.
7.Itemise ' Plan' and 'Non-Plan' expenditure of the Government of India.Why has the increase in 'non-plan expenditures' become uncontrolable?


UNIT IV
8.Why does international trade arise?Explain the principle comparative advantage with the help of opportunity cost technique.
9.Examine the infant industry arguement for tariff-protection.Point out its applicability in developing countries like India.

Earning:   Approval pending.