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Which statement best explains Fiscal policy?

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Question ID #26448 UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC Indian Economy Sectional Test 2026 Medium

Which statement best explains Fiscal policy?

Correct Answer: A. Government policy regarding taxation, expenditure and borrowing
Fiscal policy: Government policy regarding taxation, expenditure and borrowing

Question: Which statement best explains Fiscal policy?

A. Government policy regarding taxation, expenditure and borrowing

B. Value of output minus intermediate consumption generated by producers

C. Excess of revenue expenditure over revenue receipts

D. Sustained decline in the general price level

Correct Answer: A. Government policy regarding taxation, expenditure and borrowingFiscal policy: Government policy regarding taxation, expenditure and borrowing

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Which statement best explains Fiscal policy? - MCQ Explanation

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Correct answer: A. Government policy regarding taxation, expenditure and borrowing