Who formulates fiscal policy in India?
A) Ministry of Finance
B) Reserve Bank of India
C) Securities and Exchange Board of India (SEBI)
D) Finance Commission
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Answer: the correct option is A) Ministry of Finance
Explanation:
In India, the fiscal policy is formulated by the Ministry of Finance, Government of India.
Fiscal policy refers to the use of taxation and public expenditure by the government in order to stabilize the growth of the economy.
An effective fiscal policy consists of policy decisions which are directly related to tax revenue, public expenditures, loans, transfers, debt management, budgetary deficit.
Hope it helps!
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