Question

.Reforms which are related to government revenue and expenditure are called:
(a) Fiscal reforms
(b) Economic reforms (c) Trade reforms
None of these​

Answer 1

Answer:

Fiscal policy is the right answer

Answer 2

Reforms which are related to government revenue and expenditure are called (a) Fiscal reforms.

Definition of Fiscal reforms;

Fiscal reforms- they are used by the government to influence the economy.

Features of Fiscal Reforms;

• There are three types of Fiscal reforms;

1. Government receipts
2. Government expenditure
3. Public Debt

• The tools for fiscal reforms includes Taxation, and government spending.
• The taxation includes indirect and direct taxes. They collect the capital gains from the investment which are used for government function.
• The government spending includes the welfare programmes, salaries, infrastructure and many more. They are further use for the economies welfare.

Hence, Fiscal reforms are used by the government for the government revenue and expenditure.