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University of Lucknow 2006 B.A Economics (II) , Econonmics( II) - Question Paper

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B.A ( Part II) exam 2006

Economics
2nd Paper

V"

A-250

B. A. (Part II) Examination, 2006 ECONOMICS Second Paper (Public Finance and international Trade)

Time Allowed : Three Hours Maximum Marks : 50

Note : Question No. 1 is compulsory. Attempt one question from each Unit. Marks for each question are indicated.

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1. Distinguish between the following : 2x10 = 20

(i)    Tax and Fe-

(ii)    Revenue Deficit and Current Account Deficit (NW WST

(iii)    Tax-Evasion and Tax-Avoidance 35T- sNFT

(iv)    Tariff and Quota

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(v)    Visible Trade and Invisible Trade

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(vi)    Vertical Equity and Horizontal Equity

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(vii)    TRIPS and TRIMS fT m

(viii)    Internal Debt and External Debt

(ix)    Plan Expenditure and Non-Plan Expenditure 4K-HHTd *Ff m    

(x)    Private Finance and Public Finance.

Unit I *Flf i

Do you agree with the view that both aspects

of budget revenue and expenditure should

conform to the principle of maximum social

advantage.        7-

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Discuss the approach of ability-to-pay in relation to various concepts of sacrifice.    7

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Examine the role of public expenditure in raising

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production and ensuring distributive justice. 7- 331% tr ftcTTWR? FT

Discuss the circumstances under    which deficit

financing becomes desirable.    7|-

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Unit III

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"Fiscal Policy promotes economic development by

raising public savings and investment." Elaborate. 7 A-250


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Examine the major recommendations of the

Twelfth Finance Commission.    -7-1

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Unit IV

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Discuss the view that international trade arises not because of absolute differences but because of comparative differences in the international costs of commodities.    7--

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What is W. I. O. ? Point out its implications

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for Indias foreign trade.    7

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A-250-4-1S000


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