Multiple choice

Which of the following is not the main objective of fiscal policy in India?

  1. Development by effective mobilisation of resources

  2. Efficient allocation of financial resources

  3. Reduction in inequalities of income and wealth

  4. Price stability and control of inflation

  5. Fixing statutory liquidity ratio

Reveal answer Fill a bubble to check yourself
E Correct answer
Explanation

This is not covered under fiscal policy. It is a monetary policy.