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UPSC PYQPrelims 2020

Civil Services Examination · Question 6

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

  1. Long standing parliamentary convention
  2. Article 112 and Article 110(1) of the Constitution of India
  3. Article 113 of the Constitution of India
  4. Provisions of the Fiscal Responsibility and Budget Management Act, 2003
Show answer & explanation

Answer: (D) Provisions of the Fiscal Responsibility and Budget Management Act, 2003

Explanation

Section 3 of the FRBM Act, 2003 requires the Macro-Economic Framework Statement, Medium-Term Fiscal Policy Statement and Fiscal Policy Strategy Statement to be laid with the Budget.