2. Classification of finance?

Answer: Finance is broadly defined into two parts:

1. Private finance: The private finance can be further divided into:

a. Personal finance: Personal finance refers to how you manage your money, including
your income, expense and saving.
b. Business finance: Business finance refers to money we use to either start a business,
expand a business or to run it.
c. Non-business finance: Nonfinancial companies are health care, technology, industrial,
sector related companies. That business which don't take in deposits or make loans.

2. Public finance: Public finance is the study of the rule of the government in the economy.