Podcast
Questions and Answers
What is fiscal policy primarily concerned with?
What is fiscal policy primarily concerned with?
- Boosting consumer spending
- Increasing government salaries
- Estimating taxation and government spending (correct)
- Investing in infrastructure projects
When is expansionary fiscal policy typically used?
When is expansionary fiscal policy typically used?
- When the economy is growing steadily
- During times of high inflation
- During periods of economic stability
- In times of high unemployment and recession (correct)
What is the goal of contractionary fiscal policy?
What is the goal of contractionary fiscal policy?
- To increase government spending
- To slow economic growth in case of high inflation (correct)
- To boost consumer spending
- To lower taxes
How does taxation impact the economy according to the text?
How does taxation impact the economy according to the text?
Which of the following is NOT a key tool of fiscal policy as mentioned in the text?
Which of the following is NOT a key tool of fiscal policy as mentioned in the text?
What is the purpose of government spending as part of fiscal policy?
What is the purpose of government spending as part of fiscal policy?
What is the primary role of fiscal policy?
What is the primary role of fiscal policy?
Who formulates the fiscal policy in India?
Who formulates the fiscal policy in India?
What is a key objective of fiscal policy related to income and wealth?
What is a key objective of fiscal policy related to income and wealth?
How is income tax calculated under fiscal policy?
How is income tax calculated under fiscal policy?
Who is primarily responsible for implementing monetary policy?
Who is primarily responsible for implementing monetary policy?
What differentiates fiscal policy from monetary policy?
What differentiates fiscal policy from monetary policy?
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