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Which one of the following is aimed at supplying those goods and servi

June 1, 2025 by rawan239

Which one of the following is aimed at supplying those goods and services to the disadvantaged and marginalised sections of society which are bare minimum but essential in nature ?

Long-term policy

Short-term policy

Industrial policy

Fiscal policy

This question was previously asked in

UPSC SO-Steno – 2018

Download PDF Attempt Online

Fiscal policy is aimed at supplying those goods and services to the disadvantaged and marginalised sections of society which are bare minimum but essential in nature.

Fiscal policy involves the government’s use of taxation and spending to influence the economy. Providing essential goods and services (like subsidized food, healthcare, housing, education) to disadvantaged groups is primarily done through government expenditure, which is a component of fiscal policy. These are welfare measures funded through the government budget.

While such policies might be part of a broader social welfare program, the mechanism of delivery through government spending aligns most closely with fiscal policy. Long-term and short-term policies refer to the time horizon, while industrial policy focuses on specific economic sectors (industry).

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