Financial Administration [IAS (Admin.) Mains Public Administration]: Questions 1 - 7 of 20

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Question 1

Describe in Detail Subjective▾

“A large public debt forces the adoption of tax and spending policies that result into higher taxes and reduced services.” Analyse (10 Marks)

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Explanation

Public Debt

  • Public debt is the indicator of financial health of the Government. Beyond optimal level the public debt results into several macro-economic vulnerabilities such as high inflation, interest rates, lower investment (such as FDI & FII) , decreased savings, high speculation adversaries in stock markets etc. All this reduces the credibility …

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Question 2

Appeared in Year: 2018

Describe in Detail Subjective▾

“Sound Performance Auditing is impossible without systematic Performance or Outcome Budgeting.” Explain the relationship between the two.

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Explanation

Sound Performance Auditing and Outcome Budgeting

  • Budgeting and auditing are the two important processes of financial administration. Budgeting indicates pre-budget decision making i.e.. formulation and Auditing indicates post-budget decision making.
  • Performance budgeting was based on Taylorian principle and Classical Theory which was recommended by t…

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Question 3

Appeared in Year: 2019

Describe in Detail Subjective▾

Discuss the major areas of change in the Tax-Reforms of the post liberalization era. How do you justify the importance of the direct Tax reforms in this context? (15 Marks)

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Explanation

Direct Tax

  • Incidence and Impact of the Direct Tax is on the same Person whereas Incidence and Impact of Indirect tax can be on different persons.
  • In 1991, in reaction to a severe macro-economic crisis involving high fiscal deficit and depleted foreign exchange reserve, Tax reform became an essential component of strategy of structural adjustment in I…

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Question 4

Describe in Detail Subjective▾

“There can be no performance auditing without performance budgeting “. (15 Marks)

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Explanation

Performance Auditing and Performance Budgeting

  • Budgeting and auditing are the two important processes of financial administration. Budgeting indicates pre-budget decision making i.e.. formulation and Auditing indicates post-budget decision making.
  • Performance budgeting was based on Taylorian principle and Classical Theory which was recommended by the…

… (570 more words) …

Question 5

Describe in Detail Subjective▾

“Budgeting is a political process” – (Aaron Wildavsky) (10 Marks)

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Explanation

Budgeting as a Political Process

  • A-112 Provides for Annual Financial Statement also known as Budget.
  • It is a statement of the estimated receipts and expenditure of the Government of India in a financial year (FY) , which begins on April 1 and ends on March 31 of the following year Budget can be considered as most important tool in the Financial Admin…

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Question 6

Appeared in Year: 2018

Describe in Detail Subjective▾

“Monetary policy of a country can help or hinder its development process.” Discuss.

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Explanation

Monetary Policy

  • Monetary Policy deals with money, its demand & supply. Central bank controls the supply of money.
  • Thus, monetary policy is determined by the central bank it can help development process if formulated in line with national goals and need of the hour.
Monetary Polisy Objectives

Monetary Policy Helping Development Process

Economic Growth

  • It …

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Question 7

Appeared in Year: 2016

Describe in Detail Subjective▾

“The key to understanding performance-based budgeting lies beneath the word result.” In the light of the statement, examine the elements of performance-based budgeting, (20 marks)

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Explanation

Performance-based budgeting is the allocation of funds based on programmatic results that contribute to organizational goals. It uses evidence to maximize the allocation of funds toward programs that work and away from those that don՚t. It focuses on ‘results’ and progress toward measurable goals during the budget process. This approach allows gove…

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