Which of the following is not the main objective of “Fiscal Policy of India” ?
'To increase liquidity in economy' is not a main objective of the Fiscal Policy of India; regulating money supply and liquidity in the economy is the primary domain of…
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Which of the following is not the main objective of “Fiscal Policy of India” ?
Answer and explanation
Correct answer A
'To increase liquidity in economy' is not a main objective of the Fiscal Policy of India; regulating money supply and liquidity in the economy is the primary domain of Monetary Policy administered by the Reserve Bank of India. Promoting price stability, reducing inequalities in income and wealth, and generating employment opportunities are core objectives of fiscal policy.
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UGC NET Commerce