Government's taxation and public Expenditure polices are collectively known as__________.
Answer & explanation
Correct answer: option 1
The correct answer is Fiscal Policy.
Fiscal policy is the use of government spending and taxation to influence the economy.
-
Monetary policy is the use of interest rates and other monetary tools to influence the economy.
-
Business policy is the set of decisions that a company makes about how to operate its business.
-
GST policy is the set of rules and regulations that govern the Goods and Services Tax (GST) in India.