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Admissions

It is a University which is committed to excellence and overall development of the student and one where talent is nurtured and honed in the best possible manner. Come, be a part of our never-ending journey of accomplishments and accolades.

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Placements

Excellent education not only imparts knowledge, but also paves the way for a promising and successful career. The Placement Cell at The IIS University has numerous success stories to narrate in this regard...

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Life@IIS Univ

Life @ IISU is nothing less than a kaleidoscope of myriad hues; complete with vibrant events and memorable occasions to cherish for a lifetime.

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Academics

Taking the age-old tradition of enlightenment through education forward, The IIS University - in its continuous pursuit of excellence - firmly believes that an institution’s academic profile determines its worth and value. Therefore, on offer are a wide variety of both conventional and contemporary programmes of study.

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Research

To stimulate curiosity and cater to the global needs of a dynamic education, The IIS University - since inception - has been promoting and encouraging research-based experiential learning among all its students.

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About Us

The IIS University, with its perfect amalgamation of innovation, inspiration and synergy, aims to be a model institution for students across disciplines and programmes.

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IIS Univ
  • Admissions

    It is a University which is committed to excellence and overall development of the student...

  • Placements

    Excellent education not only imparts knowledge, but also paves the way for...

  • Life@IIS Univ

    Life @ IISU is nothing less than a kaleidoscope of myriad hues; complete with...

  • Academics

    Taking the age-old tradition of enlightenment through education forward,...

  • Research

    To stimulate curiosity and cater to the global needs of a dynamic education,...

  • About Us

    The IIS University, with its perfect amalgamation of innovation, inspiration...

IIS (Deemed to be University)

Gurukul Marg, SFS, Mansarovar, Jaipur 302020, (Raj.) India

Phone:- +91-141-2400160-61, 2397906-07,

Fax: 2395494,2781158, Toll Free No.: 1800 180 7750

Public Finance | Business Studies

Public Finance

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Paper Code: 
ABF 402
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

 

The objective of this course is to understand various components of Public Finance and impart the understanding of Indian Federal structure.

 

 

Course Outcomes (COs):

Course

Learning outcome

 (at course level)

Learning and teaching strategies

Assessment Strategies

Paper Code

Paper Title

ABF 402

 

PUBLIC FINANCE

 

CO 145Gain knowledge about meaning and components of public finance and understand the basic principle behind the working of government authorities.

CO 146 Comprehend the meaning, effect and principles of public expenditure.

CO 147To understand and differentiate between the various sources of government revenue and classify the taxes.

CO 148To know about the concept and types of public debts and deficit financing with special reference to India.

CO 149Build relevant theoretical and practical knowledge about Federal structure of India and the objectives and recommendations of various Finance Commissions.

 

Approach in teaching:

Interactive Lectures, Discussion, Tutorials, demonstrations, Team teaching.

 

Learning activities for the students:

Self learning assignments, Effective questions, Seminar presentation, Giving tasks, Chart Preparations.

Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects

 

8.00

Public Finance: Meaning and Scope, Distinction between Private and Public finance, Principles of Maximum Social Advantage: Dalton’s Pigou and Musgraves condition of maximum social advantage.

8.00

Public Expenditure: Meaning, Nature & Canons of Public expenditure, Effects of Public Expenditure on economic stabilization, production, distribution and economic growth

11.00

Public Revenue: Meaning, Canons of taxation, Incidence and Effect of Taxation and Classification of Taxes: Single vs. Multiple, Proportional vs. Progressive, Direct and Indirect Tax. GST -concept and implications, Problem of tax evasion and black money

10.00

Public Debt: Meaning, Types of Debt, recent trends of public debt in India. Deficit Financing: Various concepts of Deficit Financing- Revenue deficit, Fiscal deficit, and Primary deficit.

8.00

Federal Finance: Meaning of federal finance, Center- State financial relations in India. Finance Commission: Structure, Functions & Recommendations of latest finance commission

Essential Readings: 

• H.L.Bhatia – Public Finance, Vikas Publishing House Pvt Ltd.,Delhi • B.P.Tyagi – Public Finance, Jai Prakash Nath & Co., Meerut. • Jain, Khanna and Tiwari, “Banking and Public Finance”, V.K.India Enterprises, New Delhi.

References: 

• Musgrave R.A. and Musgrave P.A. – Public Finance in Theory and Practice., Tata Mc graw Hill • M.L.Seth, Money, Banking, International Finance and Public Finance, Educational Publication, Agra

Academic Year: 
2020-2021
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