Mention the uses of tax system as an instrument of fiscal policy in In – InterviewSolution

1.

Mention the uses of tax system as an instrument of fiscal policy in India.

Answer»

The major uses of tax system as an instrument of fiscal policy are as follows:

Helps in mobilization of revenue and checking unwanted expenditure.
Brings favourable changes in redistribution of income and wealth.
Helpful to control inflation and deflation.

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