Total No. of Printed Pages : 71 M/Sem. 11/154 Roll No. ... M. A. Semester Ill Examination, 2013-14 ECONOMICS Papor : ECM-303H (udian Public Finance ~ 1) Time : Three Hours J [Full Marks : 70 [ Write your Roll No. at the top immediately on the receipt of this question paper. ] Note: The paper comprises three Sectioy ‘Band 'C Alll questions are compulsory. Re aS dae 8: a, A wh wer ara &| P,T.O.MW/Sem. II1/154 SECTION-A ars - a Note: Answer each question with in 50 words. Each question carries 2 marks. 5x2=10 gate ger a Tae 50 mal aH oper die! ve yea 29H 81 41. Write short note on the following Prafftrr oe dféra feuoh faftae (i) Consolidated and Contingency funds. Tafa PR ya onenfere FR (ii) Tax Expenditure, Ral (iii) Non-tax revenue sources of the state Governments. Tea wont & aR Ta aia (iv) Tax Avoidance and Tax Evasion. ay qua Wa ae oT | (a>M/Sem, IlI/154 (v)_ Entertainment Tax. FAROT BR | SECTION-B wus -7 Note: Answer the following questions in about 250 words. Fach question carries 10 marks. 3 x 10 = 30 Prafattad oat & cae aTTT 250 weal A AMIE) wate ae & 10 sia 81 2. "The budget is the pivot of financial administration”. Explain. Write in brief how is the budget prepared, passed and executed in India. come fh ver at gt 27 waengg) aed A ame aa, TRA aR cen Parery at gar Pay 8? wat 4 fafere oR (3) P.1.0.MiSem. 1/154 Explain the importance of functional and economic classification of budget are 3 euie wi ote afer & cer arent arfry | Discuss the recommendations of Kelkar Task Force on tax reforms. ae yen & dare ord ao BH Ponte gh Sta arharg on wet Give a critical evaluation of Union Budget 2013-14 of india. ana & dfn ave 2013-14 oF aTarrTets YET ary Explain the important features of the income tax in India and point out briefly the incentives incorporated in it. (4)M/Sem. 1I54 ana 4 sraer ot peq feeecil et wsngy ae wea A aarey Pe ert aA vleenes Pea 2? oR reat What is Service Tax ? Discuss its position in India. Ware ar % ? aa F Vara a Raft a fadaar PRAY SECTION-C Ws-o Note: Answer all questions. Each questions carries 15 marks. 2% 15=30 WH ws $ wit wet S oa fe) wea get 15 si@t or 2) 5. What are the difficulties in introducing full fledged Goods and Service Tax (GST) in India ? Examine its merits and demerits. (5) P.T.0.M/Sem. 11/154 ama A gel fowfta ag wi daar flo ya A) at ary we a aaa Eagd 2? gud yor a ated A aan sfery OR eat Is the system of taxation in India satisfactory ? What improvements would you suggest ? an aa AH ar wie was vA @ ? sm aa gue tg ated gare 2h? 6. What are the important taxes of State Govemments in India ? Discuss the future of VAT. wee A WoT TERT S uyy aR aA zg ? ae (VAT) & fer THETET | oR weet (6)M/Sem. 1154 Discuss the main trends of Direct and Indirect tax revenue in India since 1991. Toon Saree A weer oF seMET oe TTT A ETS afta ot fran aftr | (7) 400