Q. Consider the following major objectives of Fiscal Policy in India:

1. Efforts to slow down the growth rate in expenditures
2. Efforts to Increase tax revenue
3. Efforts to Raise profits of the public Sector Undertakings

Which of the above is NOT a measure towards achieving the objective of attaining a match between the revenue receipts and revenue expenditures?
Answer: All are correct measures
Notes: Fiscal policy is a mechanism by which the Government influences savings, investment, and consumption in an economy. It is aimed to achieve goals like income redistribution, socio-economic welfare, export promotion, augment national income, etc. All the given options are measures taken towards achieving the objective of attaining a match between the revenue receipts and revenue expenditures. Hence all are correct.