भारतीय अर्थव्यवस्थेत खालीलपैकी कोणती बाब राजकोषीय धोरणाशी सबंधित आहे?

The correct answer is Tax and non Tax Revenue.

Key Points

• In India, fiscal policy is formulated by the Ministry of Finance through its budget proposals.
• Fiscal policy is the means by which the government adjusts its spending levels and tax rates to monitor and influence the nation's economy.
• Finance Commission gives recommendations about the allocation of financial resources between centres and states.
• The objective of fiscal policy is to maintain the condition of full employment, economic stability and to stabilize the rate of growth.
• The main purpose of fiscal policy is to accelerate the rate of capital formation and investment.
• There are two types of fiscal policy: Contractionary fiscal policy and expansionary fiscal policy.
• Contractionary fiscal policy is when the government taxes more than it spends.
• Expansionary fiscal policy is when the government spends more than it taxes.

Additional Information

• Monetary policy refers to the policy of the central bank with regard to the use of monetary instruments under its control to achieve the goals specified in the Act.
• The Reserve Bank of India (RBI) is vested with the responsibility of conducting monetary policy. This responsibility is explicitly mandated under the Reserve Bank of India Act, 1934.
• The primary objective of monetary policy is to maintain price stability while keeping in mind the objective of growth. Price stability is a necessary precondition to sustainable growth.
• There are several direct and indirect instruments that are used for implementing monetary policy-
• Repo Rate
• Reverse Repo Rate
• Liquidity Adjustment Facility
• Marginal Standing Facility
• Corridor
• Bank Rate
• Cash Reserve Ratio
• Statutory Liquidity Ratio
• Open Market Operations
• Market Stabilisation Scheme