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Question
Consider the following statements regarding ‘Fiscal Consolidation’ policy:

  1. It is an effort by the government to bring down the fiscal deficit

  2. It is an effort to reduce public debt

  3. It is an effort to reduce the current account deficit

  4. It is an effort to raise revenues and bring down wasteful expenses


Select the correct answer using the code given below:
Options:
A .  (i), (ii) & (iv) only
B .  (iv) only
C .  (i), (ii) & (iii) only
D .  All of the above
Answer: Option A
Answer: (a)
Fiscal Consolidation policy is an effort by the Government to bring down the fiscal deficit.
It is an effort to reduce public debt, raise revenues and bring down wasteful expenses.

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