Section A: Answer the problems below in around 500 words each.

problem 1: prepare a short note on the significant stages of Indian budgetary cycle.

problem 2: Illustrate the features of different kinds of audit conducted by Comptroller and Auditor General in India.

Section B: Answer the problems below in around 250 words each.

problem 3: describe the significant principles of fiscal federalism.

problem 4: Describe the concept of public debt management and highlight significant methods of retirement of public debt.

problem 5: Describe the concept of performance budget and list out its main objectives and components.

problem 6: In brief discuss the functions of financial administration in the public enterprises.

Section C: Answer the given problems in around 100 words each.

problem 7: Critically compute the gap between municipal services and resources.

problem 8: Describe the terms development and non-development expenditure.