Section - A

1. Answer all of the following parts in about 100 words each:

Marks: 5 × 6 = 30

(a) What do you understand by deadweight loss (excess burden) in commodity taxation?

(Comment for solution.)

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(b) Explain the role of Green Climate Fund.

(Comment for solution.)

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(c) What is Entry Prcventing Pricing Strategy?

(Comment for solution.)

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(d) What do you understand by Carbon Trading?

(Comment for solution.)

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(e) What is decentralized planning? Explain.

(Comment for solution.)

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(f) How would a social discount rate differ from private discount rate? lllustrate.

(Comment for solution.)

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Section - B

Answer any six questions out of the following nine questions in about 200 words each:

Marks: 15 × 6 = 90

2. Explain the concepts of revenue deficit, effective revenue deficit, fiscal deficit and primary deficit.

(Comment for solution.)

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3. Distinguish between 'Ability to Pay' and 'Benefit' principles of taxation.

(Comment for solution.)

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4. Explain the System of Environmental-Economic Accounting (SEEA). Is it a good framework for environmental economic accounting?

(Comment for solution.)

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5. Explain the concepts of target variables and instrumental variables, and structural equations in the context of planning models.

(Comment for solution.)

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6. Elaborate the reasons and advantages of replacing MRTP policy with competition policy.

(Comment for solution.)

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7. Discuss the need and role of community participation in local level planning.

(Comment for solution.)

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8. (a) What are the determinants of economic efficiency in production?

(Comment for solution.)

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(b) Distinguish between allocative efficiency and technical efficiency.

(Comment for solution.)

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9. Explain the role of European Union Emission Trading System (EU-ETS) as a generator of Carbon Credit.

(Comment for solution.)

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10. Distinguish between Cournot and Bertrand models of duopoly.

(Comment for solution.)

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Section - C

Answer any four questions out of the following six questions in about 300 words each:

Marks: 20 × 4 = 80

11. Explain the concept of Social Cost-Benefit Analysis in project planning. Elucidate the need and relevance of this criterion.

(Comment for solution.)

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12. Discuss the various environmental policy instruments for tackling problems of pollution with suitable examples.

(Comment for solution.)

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13. Discuss the roles of State, market and planning as the three legs of development from the perspectives of equity and efficiency.

(Comment for solution.)

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14. Critically examine whether the goal of sustainable development is compatible with strategy of accelerated growth.

(Comment for solution.)

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15. Explain the conditions under which a business is able to engage in price discrimination. lllustrate with suitable examples of market models.

(Comment for solution.)

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(Comment for solution.)

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16. According to Coase theorem, in the event of zero transaction cost, clear assignement of property rights would optimally allocate the resources. What are its policy implications for government intervention? Elucidate.

(Comment for solution.)

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