Section - A

1. (Answer all the SEVEN parts of the following question. Answer to each part should be in approximately 100 words.)

Marks: 5 × 7 = 35

(a) Optimal taxation

(Comment for solution.)

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(b) Criteria for public investment decision

(Comment for solution.)

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(c) Non-use values of environment

(Comment for solution.)

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(d) Green climate fund

(Comment for solution.)

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(e) Degree of seller concentration

(Comment for solution.)

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(f) Indicative planning

(Comment for solution.)

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(g) Bounded rationality.

(Comment for solution.)

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Section - B

(Answer any out of the SEVEN questions. Each answer should be in about 200 words.

Marks: 15 × 6 = 90

2. Discuss the salient features of Direct Tax Code 2013. What would be the difficulties in its implementation?

(Comment for solution.)

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3. Explain the structure and growth of public expenditure in India and bring out their implications.

(Comment for solution.)

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4. "Pollution permits are better than pollution taxes"- Do you agree or disagree? Give reasons.

(Comment for solution.)

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5. What is informal regulation of pollution control? Is it more important in developing countries like India? Justify your answer.

(Comment for solution.)

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6. Discuss the UN methodology of Integrated Environmental and Economic Accounting and Suggest improvements.

(Comment for solution.)

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7. Explain the model of price leadership in Oligopolistic market. Why firms prefer implicit collusion rather than explicit agreements? Explain.

(Comment for solution.)

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8. 'Indian plans are good on paper but bad in implementation as they are informationally inadequate for arriving at appropriate targets' - Discuss.

(Comment for solution.)

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Section - C

(Answer any THREE of the following FOUR questions in about 300 words each.)

Marks: 25 × 3 = 75

9. What are the burdens of public debt? 'Internal Public debt has a neutral impact on the economy' - examine this statement.

(Comment for solution.)

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10. What are the optimum extraction rules for exhaustive resources? How can public policy be used to facilitate 'socially optimum' extraction of minerals?

(Comment for solution.)

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11. Compare and contrast the capital-output ratio criteria and the marginal per capita reinvestment quotient criteria of investment planning.

(Comment for solution.)

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12. Critically examine the decentralised planning scenario in India after the 72nd and 73rd amendments to the Constitution.

(Comment for solution.)

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