The use of income and expenditure instruments or policies to control or regulate the economic activities of a country is known as?

A. Revenue generation
B. Economic development
C. Fiscal Policy
D. Taxation

Correct Answer:

Option C – Economic development

Explanation

Fiscal policy is the use of income and expenditure instruments or policies to control or regulate the economic activities of a country. It is a plain action by government pertaining to the raising of revenue through taxation and other means and the pattern of expenditure to be applied.