GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The Fiscal Policy of India is formulated by
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RBI
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SEBI
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Finance Ministry
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Planning and regulations
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Explanation:
Detailed explanation-1: -In India, fiscal policy is formulated by the Ministry of Finance through its budget proposals. RBI formulates monetary policy. Finance Commission gives recommendation about allocation of financial resources between centre and states.
Detailed explanation-2: -Fiscal Policy is formulated by the Finance Ministry in India.
Detailed explanation-3: -Fiscal policy can be distinguished from monetary policy, in that fiscal policy deals with taxation and government spending and is often administered by a government department; while monetary policy deals with the money supply, interest rates and is often administered by a country’s central bank.
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