GK
INDIAN ECONOMY
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Which one among the following formulates the fiscal policy in India?
|
|
Planning Commission
|
|
|
Finance Commission
|
|
|
The Reserve Bank of India
|
|
|
Ministry of Finance
|
Explanation:
Detailed explanation-1: -In India, Ministry of Finance formulates the fiscal policy. Hence, the correct option is (B)
Detailed explanation-2: -In the United States, fiscal policy is directed by both the executive and legislative branches of the government. In the executive branch, the President and the Secretary of the Treasury, often with economic advisers’ counsel, direct fiscal policies.
Detailed explanation-3: -Fiscal Policy is formulated by the Finance Ministry in India.
There is 1 question to complete.