Question

Fiscal policy is concerned with which of the following?

• A. Export and import
• B. Public revenue and expenditure
• C. Issue of currency
• D. Population control

Answer 1

The correct option is B Public revenue and expenditure

Fiscal policy refers to the use by the government of the various instruments such as taxation, expenditure and borrowing to achieve the objectives of balanced economic development, full employment, etc. The budget or the annual financial statement of the government, gives expression to its fiscal policy.
In accordance with Article-112 of the Indian Constitution, the President shall cause to be laid a financial statement before both the houses of parliament at the commencement of every financial year of the estimated receipts and expenditure of the Government of India for that year.