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Internal Assignment-2022-23
Program Name M.A. (Economics)
Paper Code – MAEC-03
M.A. (Economics)
(Public Economics)
Max Marks: 20
Note: The Internal Assignment has been divided into three sections A, B, and C. Write Answer as per the given instruction.
Section-A
(Very Short Answer Type Questions)
Note: Answer all questions. As per the nature of the question you delimit your answer in one word, one sentence or maximum up to 30 words. Each question carries 1mark.
1. Define Tax.
2. State the sources of external public debts.
3. Define Public Good.
4. What is monetary Policy?
Section-B
(Short Answer Questions)
Note: Answer any 2 questions. Each answer should not exceed 200 words. Each question carries 4 marks.
1. Explain the meaning of proportional and progressive tax. Who do you consider suitable in both of these taxes and why? Explain in detail.
2. Briefly describe the types of fiscal emergencies
3. Distinguish between the incidence and impact of taxation.
Section ‘C’
(Long Answer Questions)
Note: Answer any one question. You have to delimit each answer maximum up to 500 words. Each question carries 08 marks.
1. Explain the principles of Adam Smith's taxation. What other principles have been added by other economists? Describe.
2. Explain in detail the Public Choice theory.
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