Question : The process of allocating government resources in order to meet the goals and objectives of the government is known as:
Option 1: Fiscal policy
Option 2: Monetary policy
Option 3: Budgetary policy
Option 4: Industrial policy
Correct Answer: Budgetary policy
Solution : The correct answer is (c) Budgetary policy.
The process of allocating government resources in order to meet the goals and objectives of the government is known as budgetary policy. It involves making decisions on how the government will allocate its funds among different sectors, programs, and services. Budgetary policy is an important tool for achieving economic and social objectives, and it plays a crucial role in shaping the overall fiscal policy of a country.
