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According to the provisions of the Fiscal Responsibility and Budget Management [FRBM].
Act., 2003 and FRBM Rules, 2004, the Government is under obligation to present three statements before the parliament along with the Annual Budget. Which one of the following is not of them?
Act., 2003 and FRBM Rules, 2004, the Government is under obligation to present three statements before the parliament along with the Annual Budget. Which one of the following is not of them?
- a)Macroeconomic Framework Statement
- b)Fiscal Policy Strategy Statement
- c)Medium-term Fiscal Policy Statement
- d)Statement showing Short term Fiscal Policy
Correct answer is option 'D'. Can you explain this answer?
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According to the provisions of the Fiscal Responsibility and Budget Ma...
The Act requires the government to lay before the parliament three policy statements in eachfinancial year namely Medium Term Fiscal Policy Statement; Fiscal Policy Strategy Statement andMacroeconomic Framework Policy Statement.
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According to the provisions of the Fiscal Responsibility and Budget Ma...
Explanation:
Statement showing Short-term Fiscal Policy
The correct answer is option 'D'. This is because the statement showing short-term fiscal policy is not one of the statements required to be presented before the parliament along with the Annual Budget under the provisions of the FRBM Act, 2003 and FRBM Rules, 2004.
Statements Required to be Presented:
The three statements that are required to be presented before the parliament along with the Annual Budget are as follows:
- Macroeconomic Framework Statement: This statement provides an overview of the macroeconomic situation of the country, including economic growth, inflation rate, fiscal deficit, etc.
- Fiscal Policy Strategy Statement: This statement outlines the government's fiscal policy objectives, targets, and strategies for achieving fiscal discipline and sustainability.
- Medium-term Fiscal Policy Statement: This statement sets out the medium-term fiscal policy goals, expenditure priorities, revenue projections, and fiscal targets for the next few years.
These statements are essential for ensuring transparency, accountability, and prudent fiscal management by the government. They help in informing the parliament and the public about the government's fiscal policy stance and its implications for the economy.
Statement showing Short-term Fiscal Policy
The correct answer is option 'D'. This is because the statement showing short-term fiscal policy is not one of the statements required to be presented before the parliament along with the Annual Budget under the provisions of the FRBM Act, 2003 and FRBM Rules, 2004.
Statements Required to be Presented:
The three statements that are required to be presented before the parliament along with the Annual Budget are as follows:
- Macroeconomic Framework Statement: This statement provides an overview of the macroeconomic situation of the country, including economic growth, inflation rate, fiscal deficit, etc.
- Fiscal Policy Strategy Statement: This statement outlines the government's fiscal policy objectives, targets, and strategies for achieving fiscal discipline and sustainability.
- Medium-term Fiscal Policy Statement: This statement sets out the medium-term fiscal policy goals, expenditure priorities, revenue projections, and fiscal targets for the next few years.
These statements are essential for ensuring transparency, accountability, and prudent fiscal management by the government. They help in informing the parliament and the public about the government's fiscal policy stance and its implications for the economy.
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According to the provisions of the Fiscal Responsibility and Budget Management [FRBM].Act., 2003 and FRBM Rules, 2004, the Government is under obligation to present three statements before the parliament along with the Annual Budget. Which one of the following is not of them?a)Macroeconomic Framework Statementb)Fiscal Policy Strategy Statementc)Medium-term Fiscal Policy Statementd)Statement showing Short term Fiscal PolicyCorrect answer is option 'D'. Can you explain this answer?
Question Description
According to the provisions of the Fiscal Responsibility and Budget Management [FRBM].Act., 2003 and FRBM Rules, 2004, the Government is under obligation to present three statements before the parliament along with the Annual Budget. Which one of the following is not of them?a)Macroeconomic Framework Statementb)Fiscal Policy Strategy Statementc)Medium-term Fiscal Policy Statementd)Statement showing Short term Fiscal PolicyCorrect answer is option 'D'. Can you explain this answer? for Defence 2024 is part of Defence preparation. The Question and answers have been prepared according to the Defence exam syllabus. Information about According to the provisions of the Fiscal Responsibility and Budget Management [FRBM].Act., 2003 and FRBM Rules, 2004, the Government is under obligation to present three statements before the parliament along with the Annual Budget. Which one of the following is not of them?a)Macroeconomic Framework Statementb)Fiscal Policy Strategy Statementc)Medium-term Fiscal Policy Statementd)Statement showing Short term Fiscal PolicyCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Defence 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for According to the provisions of the Fiscal Responsibility and Budget Management [FRBM].Act., 2003 and FRBM Rules, 2004, the Government is under obligation to present three statements before the parliament along with the Annual Budget. Which one of the following is not of them?a)Macroeconomic Framework Statementb)Fiscal Policy Strategy Statementc)Medium-term Fiscal Policy Statementd)Statement showing Short term Fiscal PolicyCorrect answer is option 'D'. Can you explain this answer?.
According to the provisions of the Fiscal Responsibility and Budget Management [FRBM].Act., 2003 and FRBM Rules, 2004, the Government is under obligation to present three statements before the parliament along with the Annual Budget. Which one of the following is not of them?a)Macroeconomic Framework Statementb)Fiscal Policy Strategy Statementc)Medium-term Fiscal Policy Statementd)Statement showing Short term Fiscal PolicyCorrect answer is option 'D'. Can you explain this answer? for Defence 2024 is part of Defence preparation. The Question and answers have been prepared according to the Defence exam syllabus. Information about According to the provisions of the Fiscal Responsibility and Budget Management [FRBM].Act., 2003 and FRBM Rules, 2004, the Government is under obligation to present three statements before the parliament along with the Annual Budget. Which one of the following is not of them?a)Macroeconomic Framework Statementb)Fiscal Policy Strategy Statementc)Medium-term Fiscal Policy Statementd)Statement showing Short term Fiscal PolicyCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Defence 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for According to the provisions of the Fiscal Responsibility and Budget Management [FRBM].Act., 2003 and FRBM Rules, 2004, the Government is under obligation to present three statements before the parliament along with the Annual Budget. Which one of the following is not of them?a)Macroeconomic Framework Statementb)Fiscal Policy Strategy Statementc)Medium-term Fiscal Policy Statementd)Statement showing Short term Fiscal PolicyCorrect answer is option 'D'. Can you explain this answer?.
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