General Knowledge · Indian Economy
Which of the following statements is INCORRECT regarding fiscal and monetary policy?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Monetary policy deals with the supply of money in the economy and the rate of interest.
- 2In most modern economies, the central bank deals with fiscal policy while the government is responsible for monetary po licy.✓
- 3Fiscal policy deals with the taxation and expenditure decisions of the government.
- 4Fiscal policy includes tax policy, expenditure policy, investment or disinvestment strategies and debt or surplus management.
Correct answer
In most modern economies, the central bank deals with fiscal policy while the government is responsible for monetary po licy.
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