B Com Exam > B Com Videos > Public Finance > Definition and Scope of Public Finance
Definition and Scope of Public Finance Video Lecture | Public Finance - B Com
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FAQs on Definition and Scope of Public Finance Video Lecture - Public Finance - B Com
| 1. What is the definition of public finance? |  |
Ans. Public finance refers to the study of government revenue, expenditure, and debt management. It involves analyzing how the government collects funds through taxes, fees, and other sources, and how these funds are allocated and utilized for public welfare and economic development.
| 2. What is the scope of public finance? | |
Ans. The scope of public finance encompasses various aspects such as fiscal policies, budgeting, public expenditure, taxation, public debt management, and the impact of government financial decisions on the economy and society as a whole.
| 3. How does public finance impact economic development? | |
Ans. Public finance plays a crucial role in economic development by providing the necessary funds for infrastructure development, education, healthcare, and social welfare programs. It also influences economic stability and growth through fiscal policies, taxation, and public debt management.
| 4. What are the main sources of government revenue in public finance? | |
Ans. The main sources of government revenue in public finance include taxes (such as income tax, sales tax, and property tax), non-tax revenue (such as fees, fines, and licenses), borrowing through issuing bonds, and grants from international organizations or other governments.
| 5. How does public finance contribute to the welfare of the society? | |
Ans. Public finance contributes to the welfare of society by funding essential public services and infrastructure, such as education, healthcare, transportation, sanitation, and social welfare programs. It aims to ensure equitable distribution of resources and improve the overall quality of life for the citizens.
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Dec 22, 2024 Last updated |
Video Description: Definition and Scope of Public Finance for B Com 2024 is part of Public Finance preparation.
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