Economics-Public Finance and International Economics Question Paper of B.A / B.Sc. 3rd Semester, Download Previous Years Question Paper for Students.

B.A./B.Sc. (General) 3rd Semester Examination

Economics-Public Finance and International Economics

Time: 3 Hours] [Max. Marks: 90

Note:- (i) Attempt five questions in all, including question No. 1 which is compulsory. Attempt one question from each Unit.

(ii) For private candidates, the marks secured by them in theory paper will proportionately be increased in maximum marks of the paper in lieu of internal assessment.

(Compulsory Question) 

Attempt any nine out of ten. 

(i) What do you mean by Public Finance? 

(ii) Deficit Financing.

(iii) Difference between internal and international trade.

(iv) What is V.A.T.? 

(v) Terms of trade. 

(vi) Conditions of maximum social advantage. 

(vii) Taxable capacity 

(viii) Give two main objectives of W.T.O. 

(ix) Fixed v/s flexible rate of exchange. 

(x) Components of Balance of Payment. 9x2=18

Unit-I 

2. What do you mean by Public Finance? Discuss in detail the importance of Public Finance. 18

3. What is meant by public expenditure? Give reasons for the growth of continuous increase in Public expenditure in India.  18

Unit-II 

4. Define taxable capacity factors affecting taxable capacity of a country like India. 18

5. Explain Deficit Financing. How far deficit financing help the country like India for its development?  18

Unit-III

6. Discuss in detail the theory of reciprocal demand. 18

7. Impact of W.T.O. on less developed countries.  18

Unit-IV

8. Discuss the causes of adverse balance of payment. Suggest methods to control it.  18

9. Discuss in detail the working of I.M.F. and also discuss its achievements.   18