[amp_mcq option1=”Controlling expenditure” option2=”Improving revenue collection” option3=”Reducing debt” option4=”All of the above” correct=”option4″]<\/p>\n
The correct answer is: d) All of the above<\/strong><\/p>\n Fiscal discipline is the practice of managing a government’s finances in a responsible way. It involves controlling expenditure, improving revenue collection, and reducing debt.<\/p>\n Controlling expenditure means ensuring that the government does not spend more money than it has. This can be done by setting a budget and sticking to it, and by carefully reviewing all spending proposals.<\/p>\n Improving revenue collection means increasing the amount of money that the government collects in taxes and other revenue. This can be done by raising taxes, broadening the tax base, and reducing tax evasion.<\/p>\n Reducing debt means paying off the government’s outstanding loans. This can be done by increasing revenue, reducing expenditure, or both.<\/p>\n Fiscal discipline is important because it helps to ensure that the government is able to meet its financial obligations. It also helps to keep inflation in check and to promote economic growth.<\/p>\n Here are some additional details about each of the options:<\/p>\n [amp_mcq option1=”Controlling expenditure” option2=”Improving revenue collection” option3=”Reducing debt” option4=”All of the above” correct=”option4″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[992],"tags":[],"class_list":["post-74757","post","type-post","status-publish","format-standard","hentry","category-sikkim-gk-mcq","no-featured-image-padding"],"yoast_head":"\n\n