Which one among the following is *not* a component of fiscal policy ?
[amp_mcq option1=”Taxation policy” option2=”Public debt policy” option3=”Trade policy” option4=”Public expenditure policy” correct=”option3″]
This question was previously asked in
UPSC CAPF – 2011
Fiscal policy refers to the use of government spending and taxation to influence the economy. It includes decisions about government revenue (taxation policy), government expenditure (public expenditure policy), and how the government manages its finances, including borrowing (public debt policy). Trade policy, which deals with international trade regulations like tariffs, quotas, and agreements, is a part of overall economic policy but is distinct from fiscal policy.