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Public Finance: Meaning, Definition, Scope, and Functions

Last Updated: 15 September 2023

What is Public Finance?The government of every country needs to perform certain functions for the betterment of society. Obligatory functions and optional functions are tw ...read more

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Public Finance | Importance and Principles

Last Updated: 15 September 2023

What is Public Finance?The government of every country needs to perform certain functions for the betterment of society. Obligatory functions and optional functions are tw...read more

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Public Debt | Meaning and Causes

Last Updated: 07 October 2023

What is Public Debt?Public Debt is defined as a debt collected by the government from its citizens or from foreign countries. The government can take debts from various so ...read more

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Classification of Public Debt

Last Updated: 23 August 2023

What is Public Debt?Public debt is defined as a specific amount that also consists of liabilities borrowed by the government from the public for various public needs and d ...read more

Money & Banking

Characteristics of a Good Tax System

Last Updated: 28 July 2023

What is Tax?A tax is a mandatory financial charge or a financial obligation that is placed on an individual or corporation by the government to finance public expenditures...read more

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Difference between Private Debt and Public Debt

Last Updated: 20 July 2023

Debt is an obligation of a party to pay back the money borrowed from another party. Various companies and individuals use debt to make those large purchases that they othe ...read more

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Theories of Tax Incidence

Last Updated: 11 October 2023

What is Tax Incidence ?Tax Incidence or Incidence of Tax refers to the money burden of the tax. Simply put, tax incidence relates to the final resting place of the tax. Wh...read more

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Difference between Public Finance and Private Finance

Last Updated: 25 July 2023

The specialised study of how an individual or a company manages its funds is known as Finance. It refers to the money required for carrying out business activities. It inv ...read more

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Indian Money Market: Concept, Structure, Characteristics and Defects

Last Updated: 27 June 2023

The Indian money market is an essential element of India's financial system, facilitating short-term borrowing and lending among financial institutions and individuals. It...read more

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Taxable Capacity: Concept and Factors influencing Taxable Capacity

Last Updated: 28 July 2023

What is Taxable Capacity?Taxable Capacity is the maximum capacity of the people of a country to bear the taxation burden without many problems. Simply put, it is the maxim...read more

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Quantity Theory of Money: Transactions Approach (Fisher's Version)

Last Updated: 13 June 2023

What is Quantity Theory of Money?Quantity Theory of Money is the oldest theory for determining the value of money. It was proposed by French economist Jean Bodin in 1566. ...read more

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Canons of Taxation

Last Updated: 14 July 2023

Taxes arethe government's most important source of revenue. Taxation signifies the act of levying taxes. A tax is an obligatory charge or fee levied by the government on i...read more

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Significance of Money

Last Updated: 26 May 2023

Money is derived from the Latin word Moneta, which is another name for the Goddess Juno of Rome. The first mint was established in Rome in the temple of the Goddess Juno o...read more

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Difference between Public Sector and Private Sector Banks

Last Updated: 02 August 2023

The banking industry has been the backbone of our country's financial sector. Banks play an important role in the overall economic growth of the country. Public Sector Ban...read more

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Difference between Commercial and Cooperative Banks

Last Updated: 02 August 2023

Commercial Banks and Cooperative banks are two types of financial institutions that offer a range of financial services to their customers. What are Commercial Banks?Comme...read more

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