University of Lucknow Commerce APPLIED ECONONOMICS b.com part 2 University model question papers



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Posted Date: 17 May 2011      Posted By:: jafar abbas    Member Level: Bronze  Points: 5 (₹ 1)

2011 University of Lucknow Commerce B.Com Accounting and Finance APPLIED ECONONOMICS b.com part 2 University Question paper



Course: B.Com Accounting and Finance   University/board: University of Lucknow





A


C-935

B.Com.(Part II) Examination, 2011

(Regular & Exempted)

APPLIED ECONONOMICS
(Public Finanace)

Time Allowed : Three Hours

Maximum Marks : 100

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.

Unit-I

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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