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QP Codę : 13894

(v)

(vi)

(%ii)

(vui)

Transfer expcnditure includes suhsidies.

Fiscal fcdcralism refers to sharing of political powcr bctwecn thc Central govermcnt and siatę govcmmcnts.

Cali ratę is an appropriatc indicator of !iquidity position in the money market.

PAN has been madc compulsory for all transactions in thc

capital market.

(b) Choosc thc correct answer and rewrite thc statement(any $even) 7

(i) _is not a function of pubiic financc.

(a) Distribution of incomc (b) Consumption (c) Allocation of resources (d) Stabiiisation

jf

(ii) According to tlić Principle of Maxjmutn S o ciał AJJvantagc, pubiic expenditure is subject to    .

(a) Diminishing marginal retums    ^

>5"

(iii)

(iv) _

(b)    Diminishing marginal productivitv

(c)    Diminishing marginal utility

(d)    Incrcasing marginal utility .

According to lunctiona! Snmcc.ys budget should be adopted during inflation.

(a) Surplus    (b) I^cfićit

(c) Balanced    (ditkone of thcśe

_ docs not ^uQivc a quid-pro-quo.

(a) Fcc    ^v (b)

(c) Gift and grar^ (d) Pricc

_isrft* a merit of indirect taxcs.

(a) Widc ęrvverage (b) Progressivc (c) Lęąipfcsentment (d) Forced savings

(vi) _( y- _ has no role in thc shifting of tax burden.

tóCPricc lcvcl    (b) Elasticity of dcmand

F.lasticity of supply    (d) Incomc !evel

(vi£p _ _is an example of non-transfer expenditurc.

(v)

(viii)

(a) Pensions    (b)    Uncmployment allowanccs

(c) Ir.terest payments (d) Expenditurc    on education

_ defieit is the most comprchcnsivc measure of

budgetary imbalanccs.

(a) Fiscal    (b)    Revcnue

(c) Budgetary    (d)    Monctised

l TURN OVER