Scope of Public Finance

_____ is a loan taken by the government from its own people as well as from foreign countries.

• public debt

• public revenue

• public expenditure

• deficit financing

Deficit Financing is also called as Public Finance

• true

• false

The deficit financing has been proved to be a sucessful instrument of quick economic development.

• true

• false

____ is a new technique for the preparation of budget.

• budget

• Public Debt

• Federal Finance

• Zero Base Budgeting

Scope of public finance includes

• Public revenue

• Public debt

• Public expenditure

• All the options

Which is the main point on the basis of which public finance can be separated from private finance:

• Price policy

• Borrowings

• Secrecy

• Elasticity in income

The principle of Maximum Social Advantage have been suggested by

• Pigou

• Dalton

• Musgrave

• Adam Smith

The functions of Public Finance is called the function of …………….

• Federal

• Fiscal

• Monetary

• Finance

Adam Smith wrote about function of state in ……….. in his book ‘Wealth of Nations’.

• 1876

• 1676

• 1776

• 1976

How many basic principles are there which guide government in financial operations?

• Three

• Four

• Five

• Six