General Knowledge - Indian Economy - Discussion

Discussion :: Indian Economy - Indian Economy (Q.No.64)


In India, which one among the following formulates the fiscal policy?

[A]. Planning Commission
[B]. Ministry of Finance
[C]. Finance Commission
[D]. The Reserve Bank of India

Answer: Option B


No answer description available for this question.

Sourav said: (Apr 9, 2013)  
What is fiscal policy?

Karn said: (May 2, 2013)  
Why not PC?

Samz said: (Nov 2, 2013)  
It is the policy under witch the govt uses the instruments of taxation, public spending and public borrowing to achieve various objectives of economic policy.

Modi said: (May 18, 2015)  
Isn't fiscal policy along with the monetary policy formulated by the RBI?

Monis Rasool said: (May 23, 2015)  
Fiscal Policy is a economic science which means a government spending levels and tax rates. Fiscal policy can be used to stabilize the economy over the course of the business cycle.

The Ministry of Finance manage government financial assets, propose economic and financial policy. Its includes the task of mobilization of resources in terms of execution of developmental programmes.

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