Question : Which policy aimed to reduce the fiscal deficit and promote fiscal discipline in the 1991 economic policy?

Option 1: Monetary policy

Option 2: Fiscal policy

Option 3: Public debt policy

Option 4: External debt policy

Question : Which of the following is a tool for fiscal consolidation?

Option 1: Tax cuts

Option 2: Increased government spending

Option 3: Deficit financing

Option 4: Austerity measures

Question : The process of increasing government spending and/or decreasing taxes in order to stimulate economic growth is known as:

Option 1: Fiscal austerity

Option 2: Fiscal stimulus

Option 3: Fiscal responsibility

Option 4: Fiscal consolidation

Question : Expansionary fiscal policy involves:

Option 1: Decreasing government spending and increasing taxes
  

Option 2: Increasing government spending and increasing taxes
  

Option 3: Decreasing government spending and decreasing taxes

Option 4: Increasing government spending and decreasing taxes

Question :  The government's policy of reducing taxes to stimulate economic growth is known as ____________.

Option 1: Austerity measures

Option 2: Expansionary fiscal policy 

Option 3: Contractionary fiscal policy

Option 4: Supply-side economics