Which institution is primarily responsible for implementing fiscal policy in Ind
Practice Questions
Q1
Which institution is primarily responsible for implementing fiscal policy in India?
Reserve Bank of India
Ministry of Finance
Securities and Exchange Board of India
Planning Commission
Questions & Step-by-Step Solutions
Which institution is primarily responsible for implementing fiscal policy in India?
Step 1: Understand what fiscal policy is. Fiscal policy refers to the government's use of spending and taxation to influence the economy.
Step 2: Identify the main institution involved in fiscal policy. In India, the Ministry of Finance is the key institution.
Step 3: Recognize the role of the Ministry of Finance. It is responsible for creating and executing the fiscal policy, which includes managing government spending and revenue collection.
