Which of the following is NOT a component of fiscal reforms?

Correct option is A

The correct answer is (a) Change in interest rate.
• Fiscal reforms focus on taxation, public expenditure, and control of public debt. Interest rates are part of monetary policy, not fiscal policy.
Information Booster:

• Fiscal Reforms: Aim to improve government finances.

• Monetary vs Fiscal Policy: Monetary policy (interest rates) is managed by the RBI, while fiscal policy is handled by the Finance Ministry.

• Governing Authority: Nirmala Sitharaman, Finance Minister of India.