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Consider the following Statements regarding Economic Survey 2022-23:
  1. It is prepared by Budget Division of Department of Economic Affairs.
  2. It is one of the documents mandated under FRBM Act 2003.
Select the correct answer using the code given below:
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Consider the following Statements regarding Economic Survey 2022-23: I...
  • The Economic Survey of India is an annual document released by the Ministry of Finance. It is usually presented in Parliament a day before the Union Budget.
  • It is prepared by the Economics Division of the Department of Economic Affairs (DEA) under the guidance of the Chief Economic Advisor. Hence, statement 1 is not correct.
  • Statements mandated under the FRBM Act (Fiscal Responsibility and Budget Management Act) 2003: (a) Macro-Economic Framework Statement (b) Fiscal Policy Strategy Statement (c) Medium Term Fiscal Policy Statement. Hence, statement 2 is not correct.
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Consider the following Statements regarding Economic Survey 2022-23: It is prepared by Budget Division of Department of Economic Affairs. It is one of the documents mandated under FRBM Act 2003.Select the correct answer using the code given below:a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer?
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