Questions

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.

If some action has started in the past and is still continuing, then present perfect continuous tense should be used instead of present continuous tense. So, the phrase ‘is working’ needs to be replaced with ‘has been working’ to make the sentence contextually correct. Thus, the correct formation would be, ‘Ramesh has been working in this factory for the past three months’.

The 35th constitutional Amendment Act (1975):Terms and Conditions for the Incorporation of Sikkim into the Union of India.

The 37th constitutional Amendment Act (1975):Formation of Arunachal Pradesh legislative assembly.

The 38th constitutional Amendment Act(1975):Enhances the powers of President and Governors to pass ordinances.

The 36th constitutional Amendment Act (1975):Formation of Sikkim as a State within the Indian Union.