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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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