Read the following passage carefully and answer the questions given that below:

Money is the commonly accepted medium of exchange. The first and foremost role of money is that it acts as a medium of exchange. Economic exchanges without the mediation of money are referred to as barter exchanges. Central bank has several important functions. It issues the currency of the country. India got its central bank in 1935. Its name is the 'Reserve Bank of India'. It controls money supply of the country through various methods, like bank rate, open market operations and variations in reserve ratios. It acts as a banker to the government. It is the custodian of the foreign exchange reserves of the economy. It also acts as a bank to the banking system. Currency issued by the Central Bank can be held by the public or by the commercial banks, and is called the 'high-powered money' or 'reserve money' or 'monetary base' as it acts as a basis for credit creation.

RBI controls money supply through following measures except:

Fiscal spending

The correct answer is Option (3) → Fiscal spending

The passage outlines that the Reserve Bank of India (RBI) controls the money supply through specific methods, including bank rate, open market operations, and variations in reserve ratios. However, "fiscal spending" refers to government expenditure and is not a measure used by the RBI to control money supply. Therefore, it is the correct option as it does not pertain to the RBI's methods of controlling money supply.