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Question

Which of the following is not a fiscal instrument for mobilising resources?


  1. Public expenditure

  2. Taxation

  3. Printing currency

  4. Borrowing


Solution

The correct option is C

Printing currency


Fiscal instruments such as taxation, borrowing, public expenditure, deficit financing, etc., are used for mobilisation of resources to achieve a higher rate of growth and to remove inequalities in the distribution of income and wealth.

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