Which of the following agencies is responsible for formulating the fiscal policy of India?
Ministry of Finance of the Government of India
The correct answer is option 2. The Ministry of Finance of the Government of India is responsible for formulating the fiscal policy of India. The Ministry manages the public finances of the country and formulates fiscal policies, including taxation and government spending. The other options, such as the Securities and Exchange Board of India, Reserve Bank of India, and National Bank for Agricultural and Rural Development, have different functions related to financial regulation, monetary policy, and agricultural finance.
Similar Questions
The 14th Finance Commission has recommended increase in States' share in net proceeds from tax collection from 32% to?
Fiscal policy in India is formulated by?
The Fiscal Responsibility and Budget Management (FRBM) Act, 2003 was enacted by the Parliament in ____.
The government of India has targeted revenue deficit for the financial year 2019-20 to be ____ % of GDP.
The Interim Budget 2019-20 has pegged the fiscal deficit for the year 2019-20 at ___% of GDP.
The _______ is/are constituted by the President under article 280 of the Constitution, mainly to give its recommendations on distribution of tax revenues between the Union and the States and amongst the States themselves.
Which one of the following is a function of Finance Commission of India?
Which of the following grants are provided from the center's resources over the 2021-26 period?
i) Grants to local bodies
ii) Disaster risk management funds
iii) Sector specific grants
iv) Revenue deficit grants
Jammu and Kashmir FRBM Act, 2006 has been passed as per the recommendation of ______
Which of the given options is INCORRECT in the context of fiscal deficit?
Important Questions from Fiscal Policy
Consider the following statements:
1. Tax revenue as a percent of GDP of India has steadily increased in the last decade.
2. Fiscal deficit as a percent of GDP of India has steadily increased in the last decade.
Which of the statements given above is/are correct?
Which of the following organizations brings out the publication known as ‘World Economic Outlook’?
Which one of the following statements appropriately describes the "fiscal stimulus"?
The authorization for the withdrawal of funds from the Consolidated Fund of India must come from
All revenues received by the Union Government by way of taxes and other receipts for the conduct of Government business are credited to the
