UPSC CSE Prelims
Question 11
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:
View correct answer and explanation
Correct answer: D
Correct Option: D (Provisions of the Fiscal Responsibility and Budget Management Act, 2003)
Explanation: The Fiscal Responsibility and Budget Management Act, 2003 requires fiscal policy statements, including the Macro-Economic Framework Statement, to accompany the Union Budget.
Option-wise Analysis:
A. Incorrect - A mere parliamentary convention cannot explain a statutory obligation.
B. Incorrect - Articles 110 and 112 concern Money Bills and the annual financial statement, not this specific document.
C. Incorrect - Article 113 concerns demands for grants, not the macroeconomic framework statement.
D. Correct - the FRBM Act mandates presentation of the framework and other fiscal statements.