UPSC 2020 › Indian Economy › Fiscal Policy & Budget

2 questions · 2020 · answers as per the UPSC key

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UPSC 2020 · Q6 · Indian Economy › Fiscal Policy & Budget · Save

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

(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
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Answer: (d) Provisions of the Fiscal Responsibility and Budget Management Act, 2003
UPSC 2020 · Q54 · Indian Economy › Fiscal Policy & Budget · Save

In the context of the Indian economy, non-financial debt includes which of the following ?

  1. Housing loans owed by households
  2. Amounts outstanding on credit cards
  3. Treasury bills

Select the correct answer using the code given below :

(a) 1 only
(b) 1 and 2 only
(c) 3 only
(d) 1, 2 and 3
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Answer: (d) 1, 2 and 3