Official Answer Key & Detailed Solution
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Correct Answer: Option (D) — Provisions of the Fiscal Responsibility and Budget Management Act, 2003
Concept & Option Breakdown
Standard Reference VerifiedThe Macro-Economic Framework Statement is presented to Parliament under Section 3(5) of the Fiscal Responsibility and Budget Management (FRBM) Act, 2003. The Act mandates laying three fiscal policy statements along with the Annual Financial Statement: the Medium-term Fiscal Policy Statement, the Fiscal Policy Strategy Statement, and the Macro-economic Framework Statement.
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