1. Public Finance: It deals with the requirements, receipts and disbursement of funds in the government institutions like state, local self government and central government. 2. Private Finance: It is concerned with the requirement, receipts and disbursement of funds in case of an individuals, a profit seeking business organization and a non-profit organization. 3. Personal Finance: 4. Business Finance: Business finance includes all types of capitals or funds used in business. It is needed in all types of business i.e. large or small, manufacturing or trading. 5.Finance of non-profit Organization: 1) Institutional Finance: In the setup of a country there are many financial institutions such as banks, insurance companies, financial corporations, unit trust, etc. 2) International Finance: This area of finance focuses attention on flow of funds beyond national boundaries.