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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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