Fiscal policy in India is formulated by

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Question

Fiscal policy in India is formulated by

Options:

A . Planning Commission

B . Reserve Bank of India

C . Finance Ministry

D . SEBI

Answer: Option C
Answer: (c)
Fiscal policy is the use of government revenue collection (mainly taxes) and expenditure (spending) to influence the economy. In India, the fiscal policy is formulated by the Union Ministry of Finance.
Fiscal policy is distinguished from monetary policy that deals with the money supply, lending rates and interest rates and is formulated by the Reserve Bank of India.

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