Answer thefollwoing questions.
Question 1) Explain the nature and scope of public finance.
Question 2) Describe briefly the allocative and distributive functions of public finance.
Question 3) Analyse the theory of Least Aggregate Sacrifice and its usefulness in public finance.
Question 4) Evaluate the theory of public expenditure.
Question 5) Describe the factors determining taxable capacity.
Question 6) Write a detailed note on Ideal Tax Systems.
Question 7) Explain the classification of public debt and describe the methods of redemption of public debt.
Question 8) Explain the procedure in preparing the budget.
Question 9) Explain the methods of sharing revenue between Centre and States.
Question 10) Write down the role of Finance Commission in improving the Centre - State relations.