Q.1) Define the following terminologies and give examples for the same or illustrate them. (200 words)
- Fiduciary responsibility
- Corruption
- Collusive corruption
- Coercive corruption
- Public funds
Q.2) Effective utilization of public funds is crucial to meet development goals. Critically examine the reasons for under-utilization and mis-utilization of public funds and their implications. (150 words, 10 marks)
Q.3) It is often said that poverty leads to corruption. However, there is no dearth of instances where affluent and powerful people indulge in corruption in a big way. What are the basic causes of corruption among people? Support your answer with examples. (150 words, 10 marks)