WBCS.LIVE practice question

In India, the 'Fiscal Policy' is designed and implemented by?

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. Ministry of Finance
  2. Reserve Bank of India
  3. Planning Commission
  4. SEBI

Correct answer and explanation

Correct answer: Ministry of Finance

Explanation: āœ… Correct Answer: A) Ministry of Finance šŸ“š Explanation: Fiscal Policy involves the government's use of taxation and spending to influence the economy. In India, this is managed by the Ministry of Finance through the presentation of the Union Budget every year. While the RBI manages monetary policy, the government uses fiscal policy to achieve broader social and economic objectives.