Which of the following aspect of public finance is correct, if the theory of public finance deals only with public revenue, public expenditure and public debt in an objective manner?

Welfare aspect of public finance

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Positive aspect of public finance

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Negative aspect of public finance

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Normative aspect of public finance

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Solution

The correct option is B
Positive aspect of public finance

The theory of public finance deals only with public revenue, public expenditure and public debt in an objective manner irrespective of their impact upon welfare. This is the positive aspect of public finance.

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