Ramsey Rule of optimal commodity taxation
See Answer →Wagner’s Law
See Answer →Command and Control method
See Answer →Define Public Goods. Elaborate the features of a public good. Show the efficient provision of a public good as per the Lindahl’s equilibrium model.
See Answer →Define Externalities. Explain how externalities lead to market failure. How does a negative production externality allocate resources inefficiently? Use appropriate diagram to support your answer
See Answer →Explain the theory of fiscal federalism and discuss the inter-governmental transfers in India.
See Answer →Explain collective decision making with the help of majority voting and median voter theorem
See Answer →Discuss the public debt situation of India. How can the deficit in the government budget be financed? How does the concept of debt sustainability work?
See Answer →Define and elaborate the term ‘Global Public Goods’ (GPG)? How are millennium development goals are associated with GPG? Explain knowledge as a GPG.
See Answer →Role of government in a mixed economy
See Answer →Arrow’s Impossibility Theorem
See Answer →Buchanan’s Contractual Theory
See Answer →Discuss the impact of direct taxes and indirect taxes on factors of production
See Answer →What are public goods? Explain their features. How are public goods responsible for market failure?
See Answer →Explain the debt obligation of the central government for internal debt, external debt and other liabilities.
See Answer →Enlist the canons of taxation. Explain the approaches to tax equity.
See Answer →“The structural interdependence forms the basis for the policy maker’s choice behaviour for policy”. In the light of this statement explain the structural interdependence and policy coordination.
See Answer →Explain the Tiebout Model (voting with your feet) in context of the provision of local public goods. What are the problems associated with this model
See Answer →Write all the Phonetic symbols of the English vowels and consonants, with their suitable examples.
See Answer →The following sentences represent formal writing. Re-write them as they would be spoken, using contracted forms.
(a) They said they will be here by ten.
(b) She has told us she is going to resign.
(c) This is the house they have decided to buy.
(d) I am sure he will be careful in future.
(e) We have started working on the project.
(f) It is not the best way to do it.
(g) They have promised me they will be on time.
(h) You sign here and I will do the rest.
(i) We are going home early today.
(j) They would have come to your rescue if they had been here.
See Answer →