Fiscal policy is concerned with
(A) Public revenue
(B) Public expenditure and debt
(C) Bank rate policy
(D) Both (A) and (B)
Correct Answer : Public expenditure and debt
Question Asked : SSC Combined Matric Level (Pre) Exam 2001
Explanation : Income Tax (corporate and non-corporate combined) contribute about 56 per cent of tax revenue of India. But, income tax, apart from agricultural income is shared between the Union and states. Among the given options. Excise duty is the chief and single largest source of revenue income. The Government of India earns maximum from Union Excise Duty. After induction of GST tax collection structure will came is different shapes as most of indirect taxes merged with this.
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