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Fiscal Policy in India is formulated by which of the following?
- a)The Reserve Bank of India
- b)NITI Aayog
- c)Ministry of Finance
- d)Th Finance Commission
Correct answer is option 'C'. Can you explain this answer?
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Fiscal Policy in India is formulated by which of the following?a)The ...
Option (c) is the correct answer. Fiscal policy is defined as ‘the policy of the government with regard to the level of government purchases,the level of transfers, and the tax structure’. It defines the changes in government expenditures and taxes that are designed to achieve macroeconomic policy goals (such as growth, employment, investment, etc.).
Therefore, ‘Fiscal policy ’denotes the use of taxes and government expenditures.It is formulated by the Ministry of Finance (Central Government).
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Fiscal Policy in India is formulated by which of the following?a)The Reserve Bank of Indiab)NITI Aayogc)Ministry of Financed)Th Finance CommissionCorrect answer is option 'C'. Can you explain this answer?
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