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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:2010

TIME : 2 HOURS
INSTRUCTIONS Answer Question ONE (compulsory) and any Other TWO Questions

Question 1
a) Discuss the nature and scope of public finance (10marks)
b) Differentiate between public goods and private goods (10marks)
c) Discuss the government functions that necesitate the collection of public revenue (10marks)

Question 2
Pain and sacrifice should be balanced to bring about maximum satisfaction to all the citizens with this in mind ,
a) Discuss the principle of maximum social advantage
b) What are the limitations of this principle (20marks)

Question 3
a) Differentiate between proportionate and progressive taxes
b) What are their advantages and disadvantages (20marks)

Question 4
The government like any citizen is judged with the responsibility to provide for its citizens.in view of this statement.
a) Discuss the objectives and canons of public expenditure
b) Why does the government fail in executing its responsibilities (20marks)

Question 5
a) Discuss budget
b) What are the shortcomings involved in the preparation of the budget (20marks

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