Section - I

1. Attempt any five parts of the following question. Answer to each part should be of approximatley 50 words.

Marks: 7 × 5 = 35

(a) Optimal taxation

(Comment for solution.)

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(b) Debt Trap

(Comment for solution.)

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(c) Green GDP

(Comment for solution.)

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(d) Negatve externalities

(Comment for solution.)

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(e) Entry Barriers

(Comment for solution.)

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(f) Economies of Scale

(Comment for solution.)

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Section - II

Attempt any seven of the following questions. Answer to each should be in about 150 words.

Marks: 15 × 7 = 105

2. Explain the concept of equity in taxation. Analyse how ability-to-pay theory is useful in achieving it.

(Comment for solution.)

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3. What do you mean by tax incidence? Analyse how is it determined under the modern theory of incidence of taxation.

(Comment for solution.)

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4. In the context of a globalising economy, explain how the rationale for planning differs from the rationale for government intervention generally.

(Comment for solution.)

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5. Do you agree with the view that Public Debt is an asset and not a liability? Justify your answer.

(Comment for solution.)

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6. What do you mean by Environmentla Pollution? Evaluate different mechanisms to contain pollu-tions.

(Comment for solution.)

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7. Explain the causes and consequences of global climate change and analyse international initiatives undertaken in this regard.

(Comment for solution.)

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8. Define. socially optimum exploitation of an exhaustable resource. Examine Coase theorem to ensure socially optimum solution.

(Comment for solution.)

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9. Analyse how the price and output are determined under Monopolistic Market structure.

(Comment for solution.)

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10. What do you mean by the Industrial Location? Explain briefly Alfred Weber's Theory of location.

(Comment for solution.)

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Section - III

Attempt any two of the following questions in about 500 words each:

Marks: 30 × 2 = 60

11. Outline the steps involved in the formulation of Cost-Benefit Analysis. How is it useful in the selection of Public Projects?

(Comment for solution.)

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12. Discuss the relationship between the economy and environment and explain the methodology of Integrated Environmental and Economic Accounting.

(Comment for solution.)

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13. Explain the Schumpeterian concept of innovation. Examine the role and importance of Research and Development and Innovation in industrial growth.

(Comment for solution.)

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(Comment for solution.)

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