Maharashtra Board Class 12 Solutions for Economics Chapter 8 Public Finance in India – Download Free PDF with Solution
FAQs on Maharashtra Board Class 12 Solutions for Economics Chapter 8 Public Finance in India - PDF
1. Why does a government need money?
A government in a democratic country needs money to take care of the public. It is generated using various public finance methods and tools.
2. What is public expenditure?
The expenditure done for the public is called public expenditure. The revenue generated by the government from various sectors is used for such expenses.
3. What is public revenue?
The money generated as income of the government from taxes and non-tax sources is called public revenue. It is the money of the people collected for its benefit.
4. What is tax?
Tax is the contribution made by the public mandated by the government. It is a tool to generate public revenue.
5. Who is the public?
The public represents the civilians of a democratic country that chooses a government.