BPSC CCE Prelims
Public Finance & Fiscal Policy Previous Year Questions (PYQs)
Showing solved Previous Year Questions for Chapter: Public Finance & Fiscal Policy
Topic Breakdown: Scroll →
Who is the Chairperson of GST Council?
Detailed Explanation:
The GST Council is a constitutional body established under Article 279A of the Indian Constitution.
The Union Finance Minister serves as the Chairperson of the GST Council, with members including the Union Minister of State for Finance and Finance Ministers of all states and UTs with legislatures.
Which among the following is a tool of Fiscal Policy ?
Detailed Explanation:
Fiscal Policy uses government revenue (taxes) and public expenditure to influence the economy, directly controlled by the government.
Taxes are a core fiscal tool—government adjusts direct taxes (income tax) and indirect taxes (GST) to manage demand, inflation, and revenue collection.
Cash Reserve Ratio (CRR), Credit Ceiling, and Bank Rate are monetary policy tools used by the Reserve Bank of India (RBI) to regulate money supply and credit availability in the banking system.
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