Which of the following agencies is responsible for formulating the fiscal policy in India?

CA Foundation · Business Economics · MTP · September 2026
Which of the following agencies is responsible for formulating the fiscal policy in India?
(A) A. SEBI
(B) B. RBI
(C) C. Ministry of Finance, Govt. of India
(D) D. NABARD

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. Ministry of Finance, Govt. of India

Topics: Public Finance

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