Questions

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

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.

During the Mughal Empire, zamindars belonged tothe nobility and formed the ruling class. Emperor Akbar granted them mansabs and their ancestral domains were treated as jagirs.

In some respects of zamindars and the peasants were natural allies in any struggle against the Mughal government.

The Zamindars often received the support of the peasantry in many agrarian uprisings in North India in the seventeenth century.