MA Economics - Public Finance (Q & A) One week series (ENGLISH MEDIUM)

MA Economics - Public Finance (Q & A) One week series (ENGLISH MEDIUM) 

Public Finance 

This One Week Series is Written in English Language in Question Answer Series .According to syllabus of Rajasthan University.

Section- A Nature and Scope of Public Finance, Role of government in the economic activityAllocation, Distribution and Stabilization functions. Private, Public and Merit goods, Optimal Budgeting, Principle of Maximum Social Advantage, Public Budgets. Public Expenditure- A positive approach, Wagner's Law, Theory of Social Goods, Bowen, Lindhal and Samuelson's Models.Effects of Public Expenditure on Production and Distribution. Public Revenue- Buoyancy and elasticity of a tax, Justice in taxation, Ability to Pay Approach, Equi-proportional, Equi-marginal and least aggregate sacrifice principles.

Section-B Shifting and Incidence of taxes under Monopoly and perfect competition, Effects of commodity taxation on production, Effects of direct taxation on Production (viz. Labour supply and saving rate) and distribution, Progressiveness of a tax system and its measurement. Theory of Public Debt- Economic effects of public debt, Loans and savings as sources of finance for development, Burden of Public debt on present and future generations. Fiscal Policy - Objectives, neutral, compensatory and Functional finance, Balanced Budget Multiplier, Fiscal policy in under-developed countries, Automatic and built-in-flexibility.

Section-C - Major trends in public expenditures in India (growth and composition); Salient features of the Indian Tax System; Major Taxes, Main trends in the revenue of the Central and State Government in India; Non-tax revenue; Recent tax reforms; Internal and External public debt of India. Fiscal Federalism - Theory and problems, Problems of centre state financial relations in India; Criteria for resource transfer from the Centre to the states; Finance Commissions and revolution of resources to Rajasthan.