Question

Study of income and expenditure of government at state, central and local levels is called ______.

• A. marketing
• B. public financing
• C. socio-economic study
• D. none of the above

Answer 1

Answer: (B)

public financing

Public finance is the study of the role of the government in the economy. It is the branch of economics which assesses the government revenue and expenditure of the public authorities and the adjustment of one or the other to achieve desirable effects and avoid undesirable ones.