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Question

Consider the following about the Fiscal Responsibility and Budget Management (FRBM) Act, 2003:

I.        Macro-Economic Framework Statement

II.        Medium-Term Fiscal Policy cum Fiscal Policy Strategy Statement

III.        Long Term Fiscal Policy statement

IV.        Output Outcome Monitoring Framework

V.        Key Features of Budget 2023-24

Which of the above Fiscal Policy Statements mandated under FRBM Act?

A I, II and III only Correct Answer Incorrect Answer
B II, III and IV only Correct Answer Incorrect Answer
C I, and II only Correct Answer Incorrect Answer
D III, IV and V only Correct Answer Incorrect Answer
E IV and V only Correct Answer Incorrect Answer

Solution

Fiscal Policy Statements mandated under FRBM Act: i. Macro-Economic Framework Statement ii. Medium-Term Fiscal Policy cum Fiscal Policy Strategy Statement iii. Fiscal Policy Strategy statement

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