Question : Assessment of the country’s GDP growth, external balance and fiscal balance are presented in which part of the budget document?
Option 1: Medium-term Fiscal Policy Statement
Option 2: Appropriation bill
Option 3: Fiscal Policy Strategy Statement
Option 4: Macroeconomic Framework Statement
Correct Answer: Macroeconomic Framework Statement
Solution : The correct option is the Macroeconomic Framework Statement.
The Macroeconomic Framework Statement is a key component of the budgetary process in many countries. It is a document that outlines the macroeconomic assumptions, targets and policies that form the basis for the government's budget. The purpose of this statement is to provide a broader economic context for the budget and to explain the underlying macroeconomic considerations that influence fiscal policy.
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Question : Priorities of the government in the fiscal area and its related policies and deviations are mentioned in which part of the budget document?
Option 1: Fiscal Policy Strategy Statement
Option 2: Appropriation Bill
Option 3: Macroeconomic Framework Statement
Option 4: Medium-term Fiscal Policy Statement
Question : Select the correctly spelt sentence.
Option 1: The country’s GDP bloomed despite the ongoing war situation.
Option 2: The country’s GDP bloomed dispete the ongoing war situation.
Option 3: The country’s GDP bloomed despete the ongoing war sitution
Option 4: The country’s GDP bloomed dispite the ongoing war situation.
Question : Which part of the Indian Constitution deals with Directive Principles of State Policy?
Option 1: Part VII
Option 2: Part VI
Option 3: Part V
Option 4: Part IV
Question : What is not a goal of Five-Year Plans?
Option 1: High Population Growth
Option 2: High GDP Growth
Option 3: Equal benefits to all people
Option 4: Self- Reliance
Question : Which Part of the Indian Constitution is known as the ‘Magna Carta of India’?
Option 1: Part III
Option 2: Part II
Option 3: Part VI
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