Question
Public finance and Private finance.
| Public Finance | Private Finance |
| (a) Public finance refers to income and expenditure of public authorities. | (a) Private finance refers to income and expenditure of individual and private sector organisations. |
| (b) The objective of public finance is to offer maximum social advantage. | (b) The objective of private finance is to fulfil private interest. |
| (c) Credit availability is more to increase public finance. | (c) Credit availability is limited to increase private finance. |
| (d) The supply of public finance is more elastic. | (d) The supply of private finance is less elastic. |
| (e) In case of public finance, government first determines the volume and different ways of it’s expenditure. | (e) In case of private finance, an individual considers income first and then determines the volume of expenditure. |
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