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Question
In the context of economic liberalization, which of the following is/are the major themes of the fiscal policy?
  1. A deliberate move to a regime of reasonable direct tax rates and better administration and enforcement
  2. A systematic effort to simplify tax structure and tax laws
Options:
A .  1 only
B .  1 and 2
C .  2 only
D .  Neither 1 nor 2
Answer: Option B
Answer: (b)Fiscal policy comprises of several major themes

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