MEC 006 PUBLIC ECONOMICS
December 2019 Question
Paper
Time : 3
Hours] (Maximum Marks : 100
Note :
Attempt questions from each section as directed.
Section - A
Attempt
any two questions from this section. (Answer in about 500 words each.)
1. Define
Public Economics. Critically examine why public Economics is sometimes called
welfare Economics.
2. Why does
coordination failure take place? Suggest effective interventions to cope with
this problem.
3. Discuss
the concept of market failure and explain the factors responsible for it.
4. Explain
the main features of Indian Tax structure with emphasis on fiscal federalism.
Section - B
Attempt
any five questions from this section. (Answer in about 300 words each.)
5.
Distinguish between 'Public' good and merit good. Discuss the role of
government in their provisioning.
6. Write
notes on any two of the following.
a) Grants in
aid
b) Log
rolling
c) Tiebout
model
d) Strategy
voting
7. Discuss
some of the advantages of decentralisation.
8. What are
the implications of 'Crowding out' in an economy?
9. Explain
'inverse elasticity rule' for optional commodity taxation.
10.
'Privatisation fosters efficiency and innovations' Explain.
11. Explain
Samuelson-Bergson's social welfare function.
12. How does
'Ability may approach' help in designing of an equitable tax structure?
0 comments:
Note: Only a member of this blog may post a comment.