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प्रश्न
State with reason whether you agree or disagree with the following statement:
Public finance is more elastic than private finance.
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उत्तर
I agree with the above statement.
Reason:
- Public finance aims to offer the maximum social advantage to society while private finance aims to fulfill private interests.
- There is not much scope for changes in private finance.
- On the other hand, the government determines the volume and different ways of its expenditure based on the need for an hour.
- The government can also print notes through the Reserve Bank of India.
- Hence, public finance is more elastic than private finance, i.e., the extent of public expenditure can be varied as per the needs.
संबंधित प्रश्न
Obligatory functions of the Government include:
- Provision of employment
- Maintaining internal law and order
- Welfare measures
- Exporting goods and services
"Definition - Public finance is one of those subjects which are on the borderline between economics and politics." given by:
- Adam Smith
- Alfred Marshall
- Prof. Hugh Dalton
- Prof. Findlay Shirras
Distinguish between the following concepts:
Public Finance and Private Finance
State with reason whether you agree or disagree with the following statement:
The obligatory function is the only function of the Government.
______: Protection from external attacks :: Optional function : Provision of social security
Find the odd word
Optional functions of Government -
Identify the right group of pairs from the given options.
| Group A | Group B |
| i) Direct tax | a) Non-tax revenue |
| ii) Indirect tax | b) Inflation |
| iii) Fees and Fines | c) GST |
| iv) Surplus budget | d) Personal income tax |
| v) Deficit Budget | (e) Non-tax revenue |
Obligatory functions of the Government :
- Provision of employment
- Maintaining internal law and order
- Welfare measures
- Exporting goods and services
Obligatory functions of the Government :
- Provision of employment
- Maintaining internal law and order
- Welfare measures
- Exporting goods and services
Identify and explain the concept from the given illustration:
Alia borrowed money from a friend to buy machinery.
Optional functions of Government :
- Protection from external attack
- Provision of education and health services
- Provision of social security measures
- Collection of tax
Obligatory functions of the Government:
- Provision of employment
- Maintaining internal law and order
- Welfare measures
- Exporting goods and services
Obligatory functions of the Government :
- Provision of employment
- Maintaining internal law and order
- Welfare measures
- Exporting goods and services
State with reasons whether you agree or disagree with the following statement:
Obligatory function is the only function of the Govenment.
State with reason whether you agree or disagree with the following statement:
Obligatory function is the only function of the Government.
Obligatory functions of the Government:
- Provision of employment
- Maintaining internal law and order
- Welfare measures
- Exporting goods and services
State with reason whether you agree or disagree with the following statement:
Obligatory function is the only function of the Govenment.
Obligatory functions of the Government:
- Provision of employment
- Maintaining internal law and order
- Welfare measures
- Exporting goods and services
State with reasons whether you agree or disagree with the following statement:
Obligatory function is the only function of the Government.
State with reasons whether you agree or disagree with the following statement:
Obligatory function is the only function of the government.
Obligatory functions of the Government:
- Provision of employment
- Maintaining internal law and order
- Welfare measures
- Exporting goods and services
Obligatory functions of the Government:
- Provision of employment
- Maintaining internal law and order
- Welfare measures
- Exporting goods and services
State with reason whether you agree or disagree with the following statement.
Obligatory function is the only function of the Government.
Obligatory functions of the Government:
- Provision of employment
- Maintaining internal law and order
- Welfare measures
- Exporting goods and services
Obligatory functions of the Government:
- Provision of employment
- Maintaining internal law and order
- Welfare measures
- Exporting goods and services
Obligatory functions of the Government:
- Provision of employment
- Maintaining internal law and order
- Welfare measures
- Exporting goods and services
State with reasons whether you agree or disagree with the following statement:
Obligatory function is the only function of the Govenment.
Obligatory functions of the Government:
- Provision of employment
- Maintaining internal law and order
- Welfare measures
- Exporting goods and services
