Which of the following is a function of public finance?
Options
AAllocation Function
BDistribution Function
CStabilization Function
DAll of the above
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Public FinancePYQ - May 2018 (Inter)Question 121 of 20
All Questions Correct Answer
✅ Option d — All of the above
All Options:
- AAllocation Function
- BDistribution Function
- CStabilization Function
- DAll of the above
About This Chapter: Public Finance
Paper
Paper 4: Business Economics
Weightage
10%
Key Topics
Fiscal Policy, Budget, Market Failure
This chapter deals with government finances — how the government earns (taxation) and spends (expenditure) money. Key topics include Fiscal Policy, types of taxes (Direct and Indirect), the Union Budget, Public Debt, and the concept of Market Failure and how government intervention corrects it.
View Official ICAI SyllabusExam Strategy Tip
Focus on the difference between Revenue and Capital items in the budget. Understand Fiscal Deficit and its implications. Tax-related MCQs are commonly asked.
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