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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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