ECONOMICS
FISCAL POLICY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is NOT a goal of fiscal policy?
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Deficit Growth
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Economic Growth
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Full Employment
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Stable Prices
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Explanation:
Detailed explanation-1: -To increase liquidity in economy is not the main objective of Fiscal Policy in India.
Detailed explanation-2: -The correct answer is Interest Rate. Interest Rate does not form part of the fiscal policy of a country. Fiscal policy is the use of government revenue collection (mainly taxes but also non-tax revenues such as divestment, loans) and expenditure (spending) to influence the economy.
Detailed explanation-3: -Fiscal deficit refers to the difference between total receipts and total expenditure.
Detailed explanation-4: -One of the major objectives of Fiscal Policy in India has been to attain a match between the revenue receipts and revenue expenditures.
There is 1 question to complete.