Fiscal Policy is formulated by:
Options
ACentral Bank
BGovernment
CSEBI
DCommercial Banks
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Public FinancePYQ - Jan 2021 (Inter)Question 126 of 20
All Questions Correct Answer
✅ Option b — Government
All Options:
- ACentral Bank
- BGovernment
- CSEBI
- DCommercial Banks
About This Chapter: Public Finance
Paper
Paper 4: Business Economics
Weightage
10%
Key Topics
Fiscal Policy, Budget, Market Failure
This chapter deals with government finances — how the government earns (taxation) and spends (expenditure) money. Key topics include Fiscal Policy, types of taxes (Direct and Indirect), the Union Budget, Public Debt, and the concept of Market Failure and how government intervention corrects it.
View Official ICAI SyllabusExam Strategy Tip
Focus on the difference between Revenue and Capital items in the budget. Understand Fiscal Deficit and its implications. Tax-related MCQs are commonly asked.
Key Concepts to Understand
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