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Public Sector Economics BS 7 Semester/Term PU — University of the Punjab 2021

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  • Ayesha Mustafa· 1 day ago

    BS ZOOLOGY first semester Animal diversity ZOOL 101 - university of Punjab 2025

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  • Abubakar· 1 day ago

    Literary criticism

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  • Guest· 2 days ago

    this paper consists of 60 marks but now we have 35 marks paper.

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  • Annie· 2 days ago

    Can you please tell me more past papers please because my exams are starting from next week

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  • Ahmed· 6 days ago

    Did you provide the past papers of the science of society uos?

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Paper text

UNIVERSITY OF THE PUNJAB

• ROll I

B.S. 4 Years Program: Seventh Semester - Fall 2021•.........

Paper: Public Sector Economics

Course Code: ECON-401A

Time: 3 Hrs. Marks: 6u

Q.1. Answer the following short questions:

(6x5=30)

What are the objectives of making a public budget?

Explain the types of externalities with examples.

«§fi

Explain the concept of Moral hazard with examples.

Explain the term IRR (INTERNAL RATE OF RETURN) with its economic application.

What is rivalry and excludability in consumption? Give an example.

Differentiate between progressive and proportional taxes.

Q.2. Answer the following questions.

(3x10=30)

Why Public debt of Pakistan (both internal & external) is high and increasing? Discuss in

detail.

What are the main causes of market failure? Discuss in detail.

Explain the different types of taxes imposed in Pakistan and their impact on economy.