Public Finance in India — Economics STD 12 Commerce / Arts — Question

No, I do not agree with this statement.
There is a difference between public finance and private finance.
Public Finance : Public finance refers to income an expenditure of public authorities. The objective of public finance is to offer maximum social advantage. More credit is available in the market to increase public finance. The supply of public finance is more elastic. In case of public finance, government first determines the volume and different ways of it’s expenditure.

Private Finance : Private finance refers to income and expenditure of individual and private sector organisations. The objective of private finance is to fulfil private interest. Credit availability is limited to increase private finance. The supply of private finance is less elastic. In case of private finance, an individual considers income first and then determines the volume of expenditure.