University of Lucknow 2006 B.A Economics (II) , Econonmics( II) - Question Paper
B.A ( Part II) exam 2006
Economics
2nd Paper
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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
(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.
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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"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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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
Attachment: |
Earning: Approval pending. |