Section A: Answer the questions below in around 500 words each.
Question 1: Write a short note on the significant stages of Indian budgetary cycle.
Question 2: Illustrate the features of different kinds of audit conducted by Comptroller and Auditor General in India.
Section B: Answer the questions below in around 250 words each.
Question 3: Explain the significant principles of fiscal federalism.
Question 4: Describe the concept of public debt management and highlight significant methods of retirement of public debt.
Question 5: Describe the concept of performance budget and list out its main objectives and components.
Question 6: In brief discuss the functions of financial administration in the public enterprises.
Section C: Answer the given questions in around 100 words each.
Question 7: Critically compute the gap between municipal services and resources.
Question 8: Describe the terms development and non-development expenditure.