Which of the following is not an instrument of fiscal policy?
Taxation, government expenditure, and public borrowings (public debt) are instruments of Fiscal Policy managed by the Government, whereas Bank Rate is an instrument of…
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Which of the following is not an instrument of fiscal policy?
Answer and explanation
Correct answer C
Taxation, government expenditure, and public borrowings (public debt) are instruments of Fiscal Policy managed by the Government, whereas Bank Rate is an instrument of Monetary Policy managed by the Reserve Bank of India.
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