Questions

The ancient India, the earliest capital of Magadha kingdom was at Rajgir.

The sentence is grammatically and contextually correct. ‘His’ is the correct form of pronoun to be used. Thus, the correct formation would be, ‘He reached his destination at night’.

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.