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Question

Which of the following are the recent reforms taken by the Government?

I- Improved fiscal transparency and realistic revenue assumptions in the Budget

II- Discontinuation of Plan-Non plan classification

III- Merger of railway Budget with the Main Budget

IV- Shifting the date of the Budget to 1 February

A I & II Correct Answer Incorrect Answer
B II & III Correct Answer Incorrect Answer
C I, II, & III Correct Answer Incorrect Answer
D II, III, & IV Correct Answer Incorrect Answer
E I, II, III, & IV Correct Answer Incorrect Answer

Solution

Major reforms in the Union budget over the last few years • Improved fiscal transparency and realistic revenue assumptions in the Budget • Discontinuation of Plan-Non plan classification • Merger of railway Budget with the Main Budget • Shifting the date of the Budget to 1 February

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