NALANDA OPEN UNIVERSITY Public Economics Question Paper



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NALANDA OPEN UNIVERSITY  M.A. (Economics)  PART–I, PAPER–IV 
Public Economics Question Paper
Annual Examination, 2010
Full Marks : 80 Time : 3 Hours 


Answer any Five Questions. All questions carry equal marks. 


1-Explain the areas of economic activities of the Government. 


2-Discuss the public expenditure theory of Samuelson. 


3- Describe the economic and social goals of public policy. 


4- Critically examine the social marginal productivity criteria. 


5- Distinguish between classical and modern theories of budget. 


6- Describe the relative merits and demerits of direct and indirect taxes. 


7- Describe, in brief, the different approaches to public debt. 


8- Explain the fiscal policy of a developing country. 


9- What are the main sources of revenue of the centre and of the States ? Describe. 


10- Write short notes of the following :– 
(a) (Structure of public expenditure) 
(b) (Canons of public expenditure) 



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