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      Question

      The "Fiscal Policy" of India is formulated

      by:
      A Reserve Bank of India. Correct Answer Incorrect Answer
      B Ministry of Finance (Government of India). Correct Answer Incorrect Answer
      C SEBI. Correct Answer Incorrect Answer
      D NITI Aayog. Correct Answer Incorrect Answer
      E World Bank. Correct Answer Incorrect Answer

      Solution

      While RBI handles Monetary Policy, the Government (Ministry of Finance) handles Fiscal Policy (Taxation, Spending, Borrowing).

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