Question

What is the role of state in public finance ?​

Answer 1

Answer:

Here is your answer

Explanation:

Sources of revenue: taxes, loans, grants and aid – meaning and types, canons of taxation, problem of justice in taxes, incidence of taxation, taxable capacity. ... Effects of public expenditure on production and distribution public debt in India.

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Answer 2

Answer:

Government use public finance during inflation and deflation . Government use this for investment and also for public expenditure like govt. hospitals,schools,etc.During inflation government it reduces indirect tax and increases direct tax.During delation vica-versa.