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46 . In India, which one among the following formulates the fiscal policy?
Planning Commission
B. Ministry of Finance
C. Finance Commission
D. The Reserve Bank of India

47 . Short-term finance is usually for a period ranging up to
A. 5 months B. 10 months
C. 12 months D. 8 months

48 . Redistribution polices geared to reduce economic inequalities include
A. progressive tax policies
B. land reforms
C. rural development policies
D. All the above

49 . If the RBI adopts an expansionist open market operations policy, this means that it will
A. buy securities from non-government holders
sell securities in the open market
C. offer commercial banks more credit in the open market
D. openly announce to the market that it intends to expand credit

50 . Subsidies mean
A. payment by government for purchase of goods and services
B. payment made by business enterprises to factors of production
payment made by companies to shareholders
D. payment made by the government to business enterprises, without buying any goods and services