Get premium membership and access revision papers, questions with answers as well as video lessons.

Got a question or eager to learn? Discover limitless learning on WhatsApp now - Start Now!

Public Sector Finance Question Paper

Public Sector Finance

Course:Bachelor Of Commerce

Institution: Kca University question papers

Exam Year:2010

UNIVERSITY EXAMINATIONS: 2010/2011
THIRD YEAR EXAMINATION FOR THE DEGREE OF BACHELOR OF
COMMERCE
CFM 307: PUBLIC SECTOR FINANCE (SATURDAY CLASS)
DATE: DECEMBER 2010 TIME: 2 HOURS
INSTRUCTIONS: Answer question ONE and any other TWO questions
QUESTION ONE
a)
i. Define public finance and discuss its scope ( 5 marks)
ii. What are the similarities and differences between public finance and private finance
( 6 marks)
iii. Discuss the various sources of public revenue (6 marks)
iv. Distinguish between tax revenue and non-tax revenue (2 marks)
b)
i. What are the objectives of fiscal policy (4 marks)
ii. Distinguish between internal public debt and external public debts . (2 marks)
c) Describe the concept of zero based budgeting out lining why it is nowadays popular with many
budgetary systems. (5 marks)
QUESTION TWO
a) Define deficit financing. (2 marks)
b) Under what condition is it proper to adopt deficit financing. (8 marks)
2
c) What are the dangers which have to be safe guarded against deficit financing (5 marks)
d) Discuss the role of deficit financing in promoting the economic development of a country
(5 marks)
QUESTION THREE
Discuss the relative merits and demerits of taxations and public borrowing as methods of mobilizing
financial resources in a developing economy. (20 marks)
QUESTION FOUR
a) What is debt redemption. (2 marks)
b) Examine critically the various methods for the redemption of public debt. (16 marks)
c) Distinguish between productive and unproductive debt. (2 marks)
QUESTION FIVE
a) The budget is an instrument for accounting and maintaining full employment with stability.
Discuss. (10 marks)
b) Many countries always aim to have balanced budgets. Present arguments for and against a
balanced budget. (10 marks)

Public Sector Finance Question Paper

More Question Papers

Popular Exams