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Hps2214:Transport Economics Question Paper

Hps2214:Transport Economics

Course:Bachelor Of Supplies Management

Institution: Meru University Of Science And Technology question papers

Exam Year:2013

QUESTION ONE (30 MARKS)
a) Define public finance by clearly differentiating it from private finance. (8 Marks) b) Distinguish between Internal Public Debt and External Public Debt. (6 Marks) c) Discuss any two main ways in which Public Debt can be repaid. (4 Marks) d) Discuss three main classification of public borrowing. (6 Marks) e) Discuss the contents of effective procurement plan. (6 Marks)
QUESTION TWO (20 MARKS)
a) Explain the reasons that may cause the public procurement oversight board to debar a person from procurement proceedings. (8 Marks) b) Public procurement is regulated by various bodies which are charged with the responsibility to ensure that economy, efficiency and transparency is achieved. Briefly discuss these bodies clearly stating their mandate. (12 Marks)
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QUESTION THREE (20 MARKS)
a) Briefly discuss the purpose and the objectives of the Public Procurement and Disposal Act. (6 Marks) b) What is public expenditure? Briefly discuss why there has been an increase in public expenditure in Kenya in the past ten years. (14 Marks)
QUESTION FOUR (20 MARKS)
a) Clearly explain the role of budgetary management in economic development. (8 Marks) b) Briefly explain the types of budgets. (6 Marks) c) Explain the role of the technical evaluation committee in the tender evaluation process. (6 Marks)
QUESTION FIVE (20 MARKS)
a) Define the term taxation and explain the functions of taxation in any economic system. (10 Marks) b) Explain the circumstances under which direct procurement method can be used as outlined by the Public Procurement and Disposal Act of 2005. (10 Marks)

Hps2214:Transport Economics Question Paper

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