Q. Who among the following formulates the fiscal policy in India?
Answer: Ministry of Finance
Notes: Fiscal policy is the means by which a government adjusts its spending levels and tax rates to monitor and influence a nation's economy. It is formulated by the Union Ministry of Finance. Fiscal policy is the sister strategy to monetary policy through which the Reserve Bank of India influences the nation's money supply.

This question is part of 40000+ General Studies MCQ Series Course on GKToday Android app. Question Number: 35 in 41. Fiscal Policy, Budget, India's debt in above course in App.