Given below are two statements.
Statement (I) : Monetary policy causes a deliberate change in government revenue and expenditure with a view to influencing the price level and the quantum of national output.
Statement (II) : Fiscal Policy regulates the money supply and the cost and availability of credit.
In the light of the above statements. choose the most appropriate answer from the options given below :
1
Both Statement (I) and Statement (II) are correct
2
Both Statement (I) and Statement (II) are incorrect
3
Statement (I) is correct but Statement (II) is incorrect
4
Statement (I) is incorrect but Statement (II) is correct