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 the availability credit.

In the light of the above statements, choose the most appropriate answer from the options given below:

  • A

    Both Statement (I) and Statement (II) are correct.

  • B

    Both Statement (I) and Statement (II) are incorrect.

  • C

    Statement (I) is correct but Statement (II) is incorrect.

  • D

    Statement (I) is incorrect but Statement (II) is correct