Understanding Budget Documents: India
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Understanding Budget Documents: India

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Questions and Answers

What is included in the Demand presented for a service when the expenditure includes both 'voted' and 'charged' items?

  • 'Charged' provisions only
  • 'Voted' provisions only
  • Both 'voted' and 'charged' provisions (correct)
  • No provisions are included

    • In fulfillment of which constitutional requirement is a Finance Bill presented along with the Annual Financial Statement before the Parliament?

  • Article 112 of the Constitution
  • Article 114 of the Constitution
  • Article 110 (1)(a) of the Constitution (correct)
  • Article 113 of the Constitution

    • What type of Bill is a Finance Bill as per the definition provided in the Constitution?

  • Regular Bill
  • Special Bill
  • Money Bill (correct)
  • Tax Bill

    • Under which Act is the Macro-Economic Framework Statement presented to Parliament?

    <p>Fiscal Responsibility and Budget Management (FRBM) Act, 2003</p> Signup and view all the answers

    What does the Macro-Economic Framework Statement assess regarding the economy?

    <p>Multiple aspects including growth prospects, GDP growth rate, and fiscal balance</p> Signup and view all the answers

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