Problem 1

a) Explain Trade Liberalisation and give your views whether emerging economies should adopt trade liberalization protectionist measures to attain economic growth.

b) Evaluate the impact of Corporate Social Responsibility (CSR) in an economy and its influence on Public Finance.

c) Explain the concept of Externality and discuss the actions that may be taken to mitigate its harmful effects.

Problem 2

Write short notes on the given points:

a) Tax Evasion and Tax Avoidance

b) Monetary policy & Foreign Exchange Intervention

c) PSIP and PPP

d) Hedging

e) Cost Benefit Analysis