Along with the Budget, the Finance Minister also places other documents before the Parliament which include 'The Macro Economic Framework Statement'. The aforesaid document is presented because this is mandated by
Answer
The correct answer is A: Provisions of the Fiscal Responsibility and Budget Management Act, 2003. The Macro Economic Framework Statement is presented along with the Budget as mandated by the Fiscal Responsibility and Budget Management (FRBM) Act, 2003.
A.Provisions of the Fiscal Responsibility and Budget Management Act, 2003✓ Correct
B.Long standing parliamentary convention
C.Article 113 of the Constitution of India
D.Article 112 and Article 110(1) of the Constitution of India
Explanation
The Macro Economic Framework Statement is presented along with the Budget as mandated by the Fiscal Responsibility and Budget Management (FRBM) Act, 2003.
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