UPSC Prelims 2020 – Question 6

Q6. Along with the Budget, the Finance Minister also places other documents before the Parliament which includes ‘The Macro Economic Framework Statement’. The aforesaid document is presented because this is mandated by

(a) Long-standing parliamentary Convention
(b) Article 112 and Article 110 (1) of the Constitution of India
(c) Article 113 of the Constitution of India
(d) Provisions of the Fiscal Responsibility and Budget Management Act, 2003

Answer: D

• The Macro Economic Framework Statement is presented to the Parliament as mandated by the Fiscal Responsibility and Budget Management Act, 2003. The FRBM Rules came into force from July 5, 2004

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