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Public Finance(Buss 346) Question Paper

Public Finance(Buss 346)

Course:Business Administration

Institution: Kenya Methodist University question papers

Exam Year:2011

PUBLIC FINANCE (BUSS 346) 3RD TRIMESTER 2011
KENYA METHODIST UNIVERSITY
END OF 3''RD ''TRIMESTER 2011 EXAMINATIONS
SCHOOL : BUSINESS AND ECONOMICS
DEPARTMENT : BUSINESS ADMINISTRATION
UNIT CODE : BUSS 346
UNIT TITLE : PUBLIC FINANCE

TIME: 2 HOURS
Instructions: Answer Question ONE and any Other TWO.
Question One (30 Marks)
Explain what you understand by the term public finance.
(2 Marks)
Compare and contrast the followings:
Public Finance and Private Finance
(6 Marks)

Wagner’s law and Wiseman-Peacock hypothesis of increasing state activities.
(6 Marks)
Argue for and against proportional taxations in developing countries.
(10 Marks)
Explain the impact, incidence and the effect of a tax on a person.
(6 Marks)
Question Two (20 Marks)
Explain clearly the meaning of deficit financing of the national budget and to what extent can an economy be support by deficit financing. (8 Marks)
Highlight the similarities between the public and private expenditure.

(6 Marks)
Distinguish between public goods and private goods.
(6 Marks)
Question Three (20 Marks)
Outline a critical analysis of the effects of taxation on distribution of income and wealth in an economy.
(10 Marks)

Explain various reasons as to why the government is interested in the distribution of income.
(10 Marks)

Question Four (20 Marks)
Describe the stability of the economy as an economic function of the government.
(10 Marks)

Define a tax and outline principles of taxation.
(10 Marks)

Question Five (20 Marks)
Explain in detail the concept of tax shifting highlighting some of its theories.
(11 Marks)
Describe the main sources of government finance in Kenya.
(9 Marks)

Public Finance(Buss 346) Question Paper

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