Question : Which one of the following formulates the fiscal policy in India?
Option 1: Planning Commission
Option 2: Finance Commission
Option 3: Reserve Bank of India
Option 4: Ministry of Finance
Correct Answer: Ministry of Finance
Solution : The correct answer is the Ministry of Finance
A government uses fiscal policy to monitor a country's economy by adjusting its tax and expenditure rates. The Union Ministry of Finance is responsible for creating it. Fiscal policy governs the decisions made by the government on taxes and spending. Money supply and interest rates are two topics covered by the monetary policy. The Ministry of Finance in India developed the country's proposed annual budget.
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Question : The Planning Commission in India was replaced by which organization in 2015?
Option 1: NITI Aayog
Option 2: Ministry of Finance
Option 4: Ministry of Planning
Question : The Economic Survey of India is prepared by the:
Option 1: Ministry of Finance
Option 2: Reserve Bank of India (RBI)
Option 3: Planning Commission of India
Option 4: Ministry of Commerce and Industry
Question : The 1991 economic policy led to the abolition of the:
Option 3: Central Board of Direct Taxes (CBDT)
Question : Which agency of the Indian government conducts the National Sample Survey on employment?
Option 1: Reserve Bank of India (RBI)
Option 3: Ministry of Statistics and Programme Implementation
Option 4: Planning Commission of India
Question : The Economic Survey of India is presented annually by which organization?
Option 3: Securities and Exchange Board of India (SEBI)
Option 4: Planning Commission
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