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Along with the Budget, the Finance Minister also places other documents before the Parliament which include ‘The Macro Economic Framework Statement’. The aforesaid document is presented because this is mandated by
  • a)
    Long standing parliamentary convention
  • b)
    Article 112 and Article 110(1) of the constitution of India
  • c)
    Article 113 of the Constitution of India 
  • d)
    Provisions of the Fiscal Responsibility and Budget Management Act, 2003
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Along with the Budget, the Finance Minister also places other document...
Fiscal Responsibility and Budget Management (FRBM) became an Act in 2003. The objective of the Act is to ensure inter-generational equity in fiscal management, long run macroeconomic stability, better coordination between fiscal and monetary policy, and transparency in fiscal operation of the Government. FRBM Act provides a legal institutional framework for fiscal consolidation. The Act also requires the government to lay before the parliament three policy statements in each financial year namely
a. Medium Term Fiscal Policy Statement; 
b. Fiscal Policy Strategy Statement and
c. Macroeconomic Framework Policy Statement. 
Therefore the correct answer is (d).
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Along with the Budget, the Finance Minister also places other document...
The Economic Survey and the Fiscal Policy Strategy Statement.

The Economic Survey is a comprehensive report on the state of the economy, including an analysis of the previous year’s performance and projections for the coming year. It covers a wide range of topics such as macroeconomic trends, industrial growth, agriculture, infrastructure, fiscal policy, monetary policy, and external trade.

The Fiscal Policy Strategy Statement outlines the government’s fiscal policy objectives and priorities for the coming year. It provides an overview of the government’s revenue and expenditure plans and outlines the strategies and policies that will be used to achieve these objectives.

These documents are important in providing a comprehensive picture of the state of the economy and the government’s plans for the future. They are also used by analysts, investors, and businesses to make informed decisions about the economy and their investments.
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Along with the Budget, the Finance Minister also places other documents before the Parliament which include ‘The Macro Economic Framework Statement’. The aforesaid document is presented because this is mandated bya)Long standing parliamentary conventionb)Article 112 and Article 110(1) of the constitution of Indiac)Article 113 of the Constitution of Indiad)Provisions of the Fiscal Responsibility and Budget Management Act, 2003Correct answer is option 'D'. Can you explain this answer?
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Along with the Budget, the Finance Minister also places other documents before the Parliament which include ‘The Macro Economic Framework Statement’. The aforesaid document is presented because this is mandated bya)Long standing parliamentary conventionb)Article 112 and Article 110(1) of the constitution of Indiac)Article 113 of the Constitution of Indiad)Provisions of the Fiscal Responsibility and Budget Management Act, 2003Correct answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Along with the Budget, the Finance Minister also places other documents before the Parliament which include ‘The Macro Economic Framework Statement’. The aforesaid document is presented because this is mandated bya)Long standing parliamentary conventionb)Article 112 and Article 110(1) of the constitution of Indiac)Article 113 of the Constitution of Indiad)Provisions of the Fiscal Responsibility and Budget Management Act, 2003Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Along with the Budget, the Finance Minister also places other documents before the Parliament which include ‘The Macro Economic Framework Statement’. The aforesaid document is presented because this is mandated bya)Long standing parliamentary conventionb)Article 112 and Article 110(1) of the constitution of Indiac)Article 113 of the Constitution of Indiad)Provisions of the Fiscal Responsibility and Budget Management Act, 2003Correct answer is option 'D'. Can you explain this answer?.
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