Questions

The ancient Greek word “bárbaros,” from which it derives, meant “babbler,”.In the Greek ear, speakers of a foreign tongue made unintelligible sounds (“bar bar bar”). Similar words exist in other Indo-European languages, including the Sanskrit “barbara,” which means “stammering.”The word “barbarian” originated in ancient Greece and was initially used to describe all non-Greek-speaking peoples, including Persians, Egyptians, Medes and Phoenicians.

In India, Fiscal Policy is formulated by the Ministry of Finance.

Fiscal policy is playing an important role on the economic and social front of a country. Traditionally, fiscal policy is concerned with the determination of state income and expenditure policy. But with the passage of time, the importance of fiscal policy has been increasing continuously for attaining rapid economic growth.

An effective fiscal policy is composed of policy decisions relating to the entire financial structure of the government including tax revenue, public expenditures, loans, transfers, debt management, budgetary deficit, etc.