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Maharashtra Board Class 12 Solutions for Economics Chapter 8 Public Finance in India - PDF

Last updated date: 28th May 2024
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Maharashtra Board Class 12 Solutions for Economics Chapter 8 Public Finance in India – Download Free PDF with Solution

As the name suggests, public finance is a core economic subject that studies the incomes and expenses of public authorities required to handle various sectors. Class 12 Economics Chapter 8 explains what Public Finance in India is and how it is defined by various ideologies.

To understand the basic and advanced concepts of this chapter, refer to the solutions prepared by the experts. This chapter is of prime importance in the Maharashtra Board Class 12 syllabus. Find the simplest explanation, description, formulas, and derivations related to this topic and make your knowledge foundation much better.

Maharashtra Board Class 12 Solutions for Economics Chapter 8 Public Finance in India - PDF will be uploaded soon

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Importance of Maharashtra Board Class 12 Economics Chapter 8 Public Finance in India

As mentioned earlier, public finance is an excellent chapter in Class 12 Economics that explains the income and expenses of public sector units. These departments are set by the government to run and take care of different economic sectors of a country.

This chapter explains various definitions of Public Finance in India as given by the top economists of all time. It will also explain how public finance and private finance differ from each other.

The prime aim of designing public finance is to offer the highest advantages to the public. In fact, its aim is to generate social values and spends resources for the betterment of citizens. Public finance has a huge impact on the economy of a country, whereas private finance has little or no effect whatsoever.

This chapter will proceed to explain what public expenditure is and how to incur it. these expenses are based on various factors such as increasing government welfare activities, increase in population, urban growth, democratic expansion, inflation, disaster management, and industrial development.

This is why public revenue is collected from various sources. The revenue collection methods follow various sources and domains. To understand these concepts, focus on the explanations given by the experts in Maharashtra Board Class 12 Economics Solutions Chapter 8 Public Finance in India.

Benefits of Class 12 Economics Chapter 8 Public Finance in India Solutions

  • The experts have explained all the concepts in an easier tone. It will help you to grab the fundamental principles of public finance and will help you to understand this chapter well.

  • The preparation of this chapter will take very less time when you refer to the Maharashtra Board Class 12 Economics solutions Chapter 8 Public Finance in India. The easier format will help you memorise and recall all the concepts related to public finance included in the Maharashtra Board syllabus.

  • Seek the right answers to the exercise questions from the solutions provided in these solutions. Learn how the experts have answered all the questions correctly and develop your answering skills.

Download Maharashtra Board Class 12 Economics Solutions Chapter 8 Public Finance in India PDF

You can now get the solutions for this chapter in PDF format. These files can be downloaded and stored on your computer. You can refer to them at your convenience and make your study sessions more fruitful. Learn about public finance and make your preparation better than the rest and score more in the board exams.

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.