MCQ
Fiscal policy formulation MCQ - Practice Questions with Answers
Solve 1 Fiscal policy formulation questions for RAS/RPSC preparation.
Practice questions
Q1Fiscal policy in India is formulated by:
Explanation
Fiscal policy concerns the government’s taxation, public expenditure, borrowing, and budget management. In India, this policy is formulated by the Finance Ministry, especially through the Union Budget and related fiscal measures. The Planning Commission was associated with planning and resource allocation before its replacement by NITI Aayog, not with direct formulation of fiscal policy. The Securities and Exchange Board of India regulates the securities market. The Reserve Bank of India frames monetary policy and regulates banking. Therefore, fiscal policy is linked to the Finance Ministry.
You've seen 1 of 1 sample questions
Unlimited practice on Fiscal policy formulation comes with the RAS Test Series + Practice pack or Gate Pass.
More topics in Indian Economy
Monetary & Fiscal PolicyEconomic Growth & Sustainable DevelopmentIndustrial Growth & Economic ReformsService Sector, Energy & TransportAgricultural DevelopmentSkill Development & Social JusticeMeasurement of Development & HDIFiscal Federalism & Finance CommissionPower SectorBilateral TradeStatistical System of IndiaCentralised Payment SystemPublic FinanceAtal Pension YojanaPayment SystemsDigital GovernanceSocial Security SchemesFinancial MarketsIndustrial PolicyGST AdministrationGDP and Growth ForecastsCustoms TariffSEBI and Capital MarketsInsurance & Maritime TradeVenture CapitalRural EmploymentForeign Trade and Balance of PaymentsTrade AgreementsInternational OrganizationsInflation and GrowthStartup India FundingExternal SectorEnergy SecurityInflation StatisticsCredit GuaranteeAgricultural ProcurementMacroeconomic IndicatorsFood SecurityStartup EcosystemTransport InfrastructureCivil Aviation MinistryRoDTEP SchemePower and Energy DemandProduction Linked IncentiveAviation SectorInfrastructureMiningRoDTEP Export SchemeAgriculture MarketsAgricultural PricingAgricultural MarketingEnergy InfrastructureNational AccountsDirect TaxesEnergyMining Sector ReformHighway TollingFertiliser SecurityElectronic Toll CollectionLabour Force ParticipationEconomyFree Trade AgreementsFree Trade AgreementNITI Aayog Trade Watch QuarterlyDigital PaymentsGDP EstimatesTextile ExportsGender StatisticsMerchandise Trade CompositionEconomic Concepts and Indian EconomyEnergy DemandGeneral Knowledgeupsc-p1-economy-inflationupsc-p1-economy-money-rbi-monetary-policyupsc-p1-economy-external-sector-bopPublic finance: budget, taxation and GSTPublic finance: budget, taxation, GST and fiscal policyMoney, banking and the financial system (RBI, monetary policy)Poverty, unemployment and inflationPoverty, unemployment, inflation and inclusive growthMoney, banking and the financial system (RBI)upsc-p1-economy-banking-systemupsc-p1-economy-planning-niti-aayogupsc-p1-economy-basics-national-incomeupsc-p1-economy-agriculture-economicsupsc-p1-economy-international-trade-wtoupsc-p1-economy-intl-economic-institutionsupsc-p1-economy-financial-markets-sebiupsc-p1-economy-taxation-gstupsc-p1-economy-foreign-investment-fdiupsc-p1-economy-fiscal-policy-budgetupsc-p1-economy-inclusive-growthupsc-p1-economy-digital-fintechupsc-p1-economy-reforms-lpgInternational TradeRajasthan GKupsc-p1-economy-industry-msmeInflationupsc-p1-geography-india-transportStartupsupsc-p1-economy-infrastructure-pppupsc-p1-current-affairs-economy-budget-surveyupsc-p1-economy-demographics-hdiupsc-p1-economy-employment-labourGovernment SchemesGreen Revolutionupsc-p1-geography-world-agriculture-economicupsc-p1-geography-india-industriesIndian Railwaysupsc-p1-economy-poverty-unemploymentSteel SectorTourismPlanning CommissionECLGSCritical MineralsPSU MergersPension and Social SecurityOnion bufferGI TagQuality Control OrdersForeign TradeBanking and FinanceAgriculture PolicyDigital FinanceRural DevelopmentForeign InvestmentCooperativesShip RecyclingNational SC-ST HubHorticultureEPFOTextilesTobacco Board reviewAgricultural PolicyIndia PostIndia TradeUnincorporated SectorEleventh Five Year PlanEmployment SchemesIndia-UzbekistanIndian EconomyWindfall TaxeSaras and DAY-NRLMupsc-p1-current-affairs-art-culture-heritageupsc-p1-current-affairs-reports-indicesupsc-p1-economy-govt-schemes-programmesupsc-p1-economy-public-finance-fcIndustrial classificationupsc-p1-geography-india-agricultureNITI AayogAgri ExportsAgricultural revolutionsInvestment Friendliness IndexLogisticsMSMEFCV tobacco marketFertiliser supplyFertilizers/Green UreaPM-KISANPFRDA and Pension ReformMonetary PolicyAgricultural Export LogisticsAgricultural exportsAgricultural finance institutionsAgricultural income taxAgricultural mechanizationAgricultural missionsAgricultural price support schemesAgricultural technologyAgricultureAgriculture and MSPAgriculture and SchemesAgriculture and allied sectorsAsset Reconstruction FundBank GovernanceBanking & FinanceBanking and Insolvency ResolutionBanking history in IndiaBanking: Statutory Liquidity RatioBharat Taxi in RajasthanBlue RevolutionCoal Exchange RegistrationCoal Exchange RegulationConsumer protectionCooperative MobilityCooperative SectorDairy CooperativesDairy ProcessingEconomic planning in IndiaEmployment and unemployment surveysEnergy PolicyEnergy and MiningEnergy and Power SectorExternal TradeFinance Commission devolutionFinancial institutionsFinancial sector regulatorsFive Year PlansFive-Year PlansFood security institutionsForeign Trade Policy and export schemesForeign Trade and ExportsForeign direct investmentGSTIN structureGoods and Services Tax NetworkGovernment Schemes and Credit PolicyGreen SteelGreen Urea and Green HydrogenHorticulture ExportsHuman capital formationHuman development indicesIBC and Banking SectorImport protection policyIncome inequality measuresIndia Post Q1 RevenueIndia-Australia trade agreementsIndia-UK CETAIndian currency notesIndian economy at independenceIndustrial sectorsIndustry and ManufacturingInflation and Price IndicesInternational RelationsKeynesian economicsLiquidity Adjustment FacilityMNREGA: women reservationMSME paymentsMaritime SectorMineral ResourcesMinimum Support PriceNABARD and rural creditNarasimham CommitteeNational Food Security MissionNational Income Accounting base yearNational Steel PolicyNew Economic Policy of IndiaOperation Flood and White RevolutionPFRDA NPS ReformPer capita incomePoverty measurementPurchasing Power ParityRBI NBFC RegulationRail ConnectivityRailway EngineeringRailway InfrastructureRegional Rural BanksReserve Bank of IndiaRural EntrepreneurshipSMAMSVEP FinancingSecurities and Exchange Board of IndiaSocial SecuritySocial welfare schemesSpecial Economic ZonesSubsidiesTReDSTaxation and Capital MarketsTrade and ReportsTypes of government budgetUPI institutional frameworkUPI transaction trendsUnified Payments InterfaceUnion Budget 2024-25: fiscal deficitUnion Budget reformsUnion tax revenueVariable Rate RepoWealth Tax in IndiaWhite Revolutionupsc-p1-current-affairs-science-tech-newsupsc-p1-economy-sustainable-development-sdgupsc-p1-environment-agriculture-environmentupsc-p1-environment-sustainable-developmentupsc-p1-geography-economic-resource-locationupsc-p1-geography-world-minerals-industriesupsc-p1-science-tech-blockchain-quantumMGNREGA Wage Payment