1. Which of the following is not an objective of Fiscal Policy in India?

A. Full Employment
B. Price Stability
C. Equitable Distribution of Wealth and Income
D. Regulation of International Trade

Ans. D. Regulation of International Trade

Main objectives of Fiscal Policy of India:

1. Development by effective Mobilisation of Resources by Taxation, Public Savings and Private Savings

2. Efficient allocation of Financial Resources

3. Reduction in inequalities of Income and Wealth

4. Price Stability and Control of Inflation

5. Employment Generation

6. Balanced Regional Development

7. Reducing the Deficit in the Balance of Payment

8. Capital Formation

9. Increasing National Income

10. Development of Infrastructure

11. Foreign Exchange Earnings

Source: http://sscstudyportal.blogspot.com/2013/08/fiscal-policy-in-india-and-terms.html