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Questions and Answers
What is fiscal policy primarily concerned with?
When is expansionary fiscal policy typically used?
What is the goal of contractionary fiscal policy?
How does taxation impact the economy according to the text?
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Which of the following is NOT a key tool of fiscal policy as mentioned in the text?
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What is the purpose of government spending as part of fiscal policy?
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What is the primary role of fiscal policy?
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Who formulates the fiscal policy in India?
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What is a key objective of fiscal policy related to income and wealth?
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How is income tax calculated under fiscal policy?
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Who is primarily responsible for implementing monetary policy?
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What differentiates fiscal policy from monetary policy?
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