Practicing Success
Which of the following policies are concerned with government taxation and public expenditure? |
Monetary policy Fiscal policy Stabilisation policy Structural policy |
Fiscal policy |
Fiscal policies are concerned with government taxation and public expenditure. Whereas, monetary policy is a set of actions to control a nation's overall money supply and achieve economic growth. Monetary policy strategies include revising interest rates and changing bank reserve requirements. Stabilisation measures are shortterm measures, intended to correct some of the weaknesses that have developed in the balance of payments and to bring inflation under control. structural reform policies are long-term measures, aimed at improving the efficiency of the economy and increasing its international competitiveness by removing the rigidities in various segments of the Indian economy |