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Cfm 307 Public Sector Finance (Day &Amp; Eve) Question Paper

Cfm 307 Public Sector Finance (Day &Amp; Eve)

Course:Bachelor Of Commerce

Institution: Kca University question papers

Exam Year:2011

1
UNIVERSITY EXAMINATIONS: 2010/2011
THIRD YEAR EXAMINATION FOR THE DEGREE OF BACHELOR OF
COMMERCE
CFM 307 PUBLIC SECTOR FINANCE (DAY & EVE)
DATE: DECEMBER2011 TIME: 2 HOURS
INSTRUCTIONS: Answer Question One and Any Other Two Questions
Question One
a) Discuss why government sometimes borrows even though they are not in deficit.
(10 Marks)
b) Governments can raise funds for development by way of seinorage. Discuss what this
concept entails and whether it can be a good source of funds for developing countries.
(10 Marks)
c) Government property is a major source of revenue for many countries. Thus governments
do privatize enterprises such enterprises. Discuss ways in which governments can privatize
some of its property. (10 Marks)
Question Two
a) The Kenyan government has been on a borrowing spree. It has borrowed internally and
also externally and infact it plans to issue a Eurobond soon. Discuss whether this is a good
idea. (10 Marks)
b) Taxation has been a major source of revenue for many governments including Kenya.
Discuss wheter there are other alternative ways of raising government revenue beyond
borrowing and taxation (10 Marks)
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Question Three
a) Many governments in third world countries are cash strapped and as such they face a
temptation to borrow. Discuss the arguments in favour of and against public borrowing.
(10 Marks)
b) Over the last few years there have been efforts to boost public sector audit in Kenya.
Discuss the goals of public sector audit and propose ways of enhancing the same in third
world countries. ( 10 Marks)
Question Four
a) . Discuss the rationale for the adoption of planning program budgeting systems ( 10 Marks)
b) Over the last few years there have been a high number of people advocating for more
deregulation of the market in the pretext that the market is an efficient allocator of
resources. Do you think the market can replace the government? ( 10 Marks)
Question Five
a) Every year the government presents a budget to the government. Policy makers opine that
the budget is a multifaceted tool that serves many purposes. Discuss this statement
(10 Marks)
b) Many governments are introducing the ‘Planning programming budgeting systems’.
Discuss what this concept entails and discuss the merits and demerits of the same.
(7 Marks)

Cfm 307 Public Sector Finance (Day &Amp; Eve) Question Paper

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