12 Questions
Which body is responsible for preparing the Budget as per the text?
Department of Economic Affairs
How is the Budget classified in the Union Budget as per the text?
Revenue Budget and Capital Budget
In which houses of Parliament is the annual financial statement laid before as per Article 112?
Both Lok Sabha and Rajya Sabha
What is the basis of preparation for the Budget according to the text?
Cash Basis
Who presents the budget in the Parliament according to the text?
Union Finance Minister
Which part of the budget consists of various schemes and priorities announced by the government?
Part A
What are the two main components of the Union Budget mentioned in the text?
Revenue Budget and Capital Budget
What is the purpose of the Fiscal Policy Statements mandated under the FRBM Act?
To outline the government's strategy to achieve fiscal targets
Which document provides a summary of the government's expenditure and revenue for the upcoming fiscal year?
Budget at a Glance
What is the significance of the Medium-Term Fiscal Policy cum Fiscal Policy Strategy Statement?
It outlines the government's long-term fiscal policy goals and strategies
Which document explains in detail the government's plans to implement budget announcements from the previous fiscal year?
Implementation of Budget Announcements, 2023-24
What does the Annual Financial Statement under Article 112 primarily focus on?
Expenditure projections for the upcoming fiscal year
Explore the classification and preparation of the Indian government's budget as per Article 112 of the Constitution. Learn about the distinction between Revenue Budget and Capital Budget, along with the estimated receipts and expenditures for a financial year.
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