General Knowledge - Indian Economy - Discussion

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

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

Planning Commission
Ministry of Finance
Finance Commission
The Reserve Bank of India
Answer: Option
Explanation:
No answer description is available. Let's discuss.
Discussion:
5 comments Page 1 of 1.

Monis Rasool said:   1 decade ago
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.

MODI said:   1 decade ago
Isn't fiscal policy along with the monetary policy formulated by the RBI?

Samz said:   1 decade ago
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.

KARN said:   1 decade ago
Why not PC?

Sourav said:   1 decade ago
What is fiscal policy?

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