Which of the following is NOT TRUE?
i. Expenditure being incurred might lead to a price rise situation.
ii. There should be efficiency in the way of resources that are raised and spent.
iii. The policy should aim for overall improvement of the welfare of the economy.
iv. To ensure that the expenditure in an economy is in terms of national priorities, to boost growth for the welfare of the people.
Examine the following statements, and choose the option that suits the best.
Statement 1: The objectives of fiscal policy are being achieved by the annual financial statement popularly known as the budget which is tabled in the parliament.
Statement 2: Budget is not merely the details of expenditure and taxes but is also a policy tool to sub-serve objectives of a fiscal policy.
Statement -1 is true, statement -2 is true;
statement -2 is NOT the correct explanation for statement -1.
Statement -1 is true, statement -2 is true;
statement -2 is the correct explanation for statement -1.
Statement -1 is true,
statement -2 is false.
Statement -1 is false,
statement -2 is true.
