Q. Consider the following 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 Public Sector Undertakings

Which of the above is NOT a measure towards attaining a match between revenue receipts and revenue expenditures?
Answer: All are correct measures
Notes: All the listed measures—controlling expenditure growth, increasing tax revenue, and raising PSU profits—help align revenue receipts with revenue expenditures. Fiscal policy uses such steps to achieve budgetary balance and enhance fiscal sustainability. Thus, each measure contributes to matching receipts and expenditures, making all statements correct with respect to the fiscal management objective.