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Doctors Medicines MCQs Q&A

  1. Financial inclusion
  2. Fiscal policy
  3. Monetary Policy
  4. Price control
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1 Answers

Option 1 : Financial inclusion

The correct answer is 1) i.e: Financial Inclusion
  • Financial inclusion is the delivery of financial services at affordable costs to vast sections of disadvantaged and low income groups. It is not a measure to control inflation.
  • In economics, fiscal policy is the use of government revenue collection and expenditure to influence a country's economy. The government keeps the price rise in check by way of taxation.
  • Monetary policy refers to the use of monetary instruments under the control of the central bank to regulate magnitudes such as interest rates, money supply, and availability of credit with a view to achieving the ultimate objective of economic growth with manageable inflation.
  • Price controls are restrictions set in place and enforced by governments, on the prices that can be charged for goods and services in a market. In India, critical drugs are under price control to reduce the burden on patients.
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