Which of the following is not within the scope of public finance?
(a) Public revenue
(b) monetary management
(c) Public expenditure
(d) Financial administration
Answers
Answer:
The scope of public finance is not just to study the composition of public revenue and public expenditure. It covers a full discussion of the influence of government fiscal operations on the level of overall activity, employment, prices and growth process of the economic system as a whole.
Answer:
(b) monetary management
Explanation:
Public Finance handles the income and expenditure of public authorities, which includes all the sorts of governments. It can also be said that it deals with the finances of the government; central, state as well as local. It also handles the problems pertaining with the adjustments of income and expenditure of the government. Public Finance includes five key sub divisions; Public Revenue, Public Expenditure, Public Debt, Financial Administration, and Fiscal Policy. Monetary Management is not a part of it. Monetary management manages the the supply of money as well as monetary and credit market conditions by the monetary authorities i.e the central back, to pursue the general social objectives.
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