Question

Role of finance ministry in monetary and fiscal policy upsc

Answer 1

Answer:

In fact the government influences investment, employment, output and income through monetary policy. ... Finance Ministry does play a major role in subjects which are part of fiscal Policy in bringing development, stability and economic development.

Answer 2

Role of Finance ministry in monetary and fiscal policy is explained below:

- Over money supply Monetary and fiscal policy have a desirable control by Government agencies and its also has an important place in expansion of money in the financial administration due to its popularity.

- In the nation's socio-economic development a crucial role is played by finance ministry.

- Ministry of department has three departments that are responsible for country's fiscal administration.

- The budget for the government is prepared by the department of Economic affairs.

- Department of expenditure is based on "financial control".

- The responsibilities related to administration of land and land revenue are the functions of department of revenue.