Long-term fiscal policy was announced by which Finance Minister of India?

(A) V.P. Singh
(B) P. Chidambaram
(C) Dr. Manmohan Singh
(D) Yashwant Sinha

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Correct Answer : V.P. Singh
Question Asked : UP PCS Review Officer/Asst. Review Officer (Pre) Exam, 2014
Explanation : Fiscal policy had an annual horizon in the budgetary exercise, and the only time a somewhat logner-term view was taken was at the time of formulation of the Five Year Plans. Finance Minister, V. P. Singh had raised the issue of Long Term Fiscal Policy, presented in December 1985.
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