Discussion
| List - I | List - II |
|---|---|
| a. J.M. Buchanan | 1. Canons of Public Expenditure |
| b. Findlay Shirras | 2. Functional Finance |
| c. R.N. Bhargava | 3. Public-Choice Theory |
| d. A.P. Lerner | 4. Federal Finance |
Codes : a b c d
Answer: B
J.M. Buchanan is associated with public choice theory (a-3), Findlay Shirras with the canons of public expenditure (b-1), R.N. Bhargava with federal finance (c-4) and A.P. Lerner with functional finance (d-2). The code is 3, 1, 4, 2, option (B). Option (A) gives Shirras functional finance, (C) gives Buchanan functional finance and (D) gives him the canons of public expenditure, so they do not agree with the authors.
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