Question 35 of 70Polity

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

ALong standing parliamentary convention
BArticle 112 and Article 110 of the Constitution of India
CArticle 270 of the Constitution of India
DThe Fiscal Responsibility and Budget Management Act, 2003

Correct Answer

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Explanation

15 words hidden ... 2003. The FRBM framework seeks to bring transparency and fiscal discipline into budgeting by requiring medium-term and ... 15 words hidden