Fiscal Policy in India is formulated by -

Correct option is A

The correct answer is (a) The Finance Ministry.
Explanation:
· Fiscal Policy in India is formulated by the Finance Ministry. Fiscal policy involves government spending, taxation, and borrowing to influence the economy.
· The Finance Ministry is responsible for preparing the budget, managing public debt, and overseeing the allocation of financial resources in the country.
Information Booster:
· Finance Ministry: This is the central authority responsible for managing the financial affairs of the Indian government, including the formulation and implementation of fiscal policy.
· Planning Commission: (now replaced by NITI Aayog) was responsible for formulating five-year plans and development strategies, but not for fiscal policy.
· Securities and Exchange Board of India (SEBI): Regulates the securities markets in India but does not handle fiscal policy.
· Reserve Bank of India (RBI): Primarily responsible for monetary policy, which involves managing money supply and interest rates.