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An Overview Of Indian Financial System
Essay specific features
Written by:
Tammy P
Date added:
January 9, 2015
Level:
University
Grade:
A
No of pages / words:
8 / 2063
Was viewed:
8074 times
Rating of current essay:
Essay content:
We read about Money and banking in Economics, about Monetary Theory and Practice and about "Public Finance". But finance exactly is not money, it is the source of providing funds for a particular activity. Thus public finance does not mean the money with the Government, but it refers to sources of raising revenue for the activities and functions of a Government...
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Thus public finance does not mean the money with the Government, but it refers to sources of raising revenue for the activities and functions of a Government. Here some of the definitions of the word 'finance', both as a source and as an activity i.e. as a noun and a verb.
The American Heritage® Dictionary of the English Language, Fourth Edition defines the term as under-
1:"The science of the management of money and other assets...
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