Many a times Government raises additional resources through taxation & allocation of expenditure as per its requirements. It is known as.....

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Many a times Government raises additional resources through taxation & allocation of expenditure as per its requirements. It is known as____

A	Credit Policy
B	Fiscal Policy
C	Monetary policy
D	Taxation Policy

Explanation:

Detailed explanation-1: -Fiscal policy refers to the policy of government regarding taxation public expenditure and budgets.

Detailed explanation-2: -Fiscal policy is defined as the policy under which the government uses the instrument of taxation, public spending and public borrowing to achieve various objectives of economic policy. Simply put, it is the policy of government spending and taxation to achieve sustainable growth.

Detailed explanation-3: -Balanced budget refers to a situation where the budget expenditure of the government on tax is equal to the budget revenue of the government from tax paid by the public.

Detailed explanation-4: -In economics and political science, fiscal policy is the use of government revenue collection (taxes or tax cuts) and expenditure to influence a country’s economy.

There is 1 question to complete.