Section A
Q1. Answer all the following questions in about 100 words each :
(a) Explain the Wiseman-Peacock hypothesis about growth of public expenditure.
(b) What are the most important criteria for public investment decisions? Justify.
(c) Discuss the concept of user cost in case of pricing of exhaustible resources.
(d) Explain the Green Climate Fund and its objectives.
(e) Discuss the concept of limit pricing as a strategy of a firm.
(f) Planning reduces the flaws in the functioning of the market. Explain.