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University of Madras (UoM)

University of Madras (UoM)

Syllabus

Test Papers

Permission for writing BE/BTech/BArch/ME Exams

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MA Economics - Public Economics
Public Economics
October 2003
P/IC 187/PCC

Time: Three hours
Maximum: 100 marks

SECTION-A (5x8=40 marks)
Answer any FIVE questions.
All questions carry equal marks.
Each answer should not exceed 300 words.

1. Write briefly on marginal cost pricing principle.

2. Critically evaluate Arrow’s impossibility theorem.

3. Explain impact, shifting and incidence of taxation.

4. Examine the merits and demerits of income tax.

5. What is Fiscal deficit? Outline the efforts of the Government to reduce its size.

6. What are the objectives of monetary policy? Is there any conflict between them?

7. What are the main sources of revenue for the Central Government?

8. Examine the ways and means of increasing local finance.

SECTION-B (3x20=60 marks)
Answer any THREE questions.
All questions carry equal marks.
Each answer should not exceed 1,200 words.

9. Analyse the role of public sector in India.

10. Explain the causes and consequences of rapid increase in public expenditure in India.

11. State the essentials of a good system of taxation for a developing economy.

12. Examine the magnitude of public debt of the Government of India and the methods adopted for redeeming it.

13. Explain the role of fiscal policy in promoting economic development in India.
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