Current Affairs

GK MCQs Section
Q. Which among the following formulates fiscal policy?
Answer: Finance Ministry
Notes: The Ministry of Finance is responsible for the financial administration of the country. It has three departments, the Department of Economic Affairs, the Department of Expenditure and the Department of Revenue. Fiscal policy involves changing the level of government spending and tax rates with the aim of influencing the level of activity in the economy, it is formulated by the Ministry of Finance.

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