All Exams Test series for 1 year @ ₹349 only
Question

As per the Fiscal Responsibility and Budget Management Act-2003, which of the following is NOT laid before both the house of parliament along with Annual Financial statement?

The correct answer is

The monetary policy statement

The Fiscal Responsibility and Budget Management (FRBM) Act, 2003 aims to ensure fiscal discipline and transparency in government finances.

Under the Act, certain policy statements must be presented to Parliament along with the Annual Financial Statement (the Budget).

These include the Medium Term Fiscal Policy Statement, the Fiscal Policy Strategy Statement and the Macroeconomic Framework Statement.

The Monetary Policy Statement is prepared by the Reserve Bank of India and is not a document laid under the FRBM Act.

Hence, the statement NOT laid along with the budget is the monetary policy statement.

Was this answer helpful?

Similar Questions

  1. The Kisan Credit Card (KCC) scheme was introduced in ______ for issue of Kisan Credit Cards to farmers on the basis of their holdings for uniform adoption by the banks.


Important Questions from Money and Banking

  1. Dr. Urjit Patel, who has been appointed recently as Governor of Reserve Bank of India, was holding which position immediately prior to this appointment?

  2. As per the RBI guidelines, which one of the following is the minimum tenure of Masala Bonds that an Indian company can issue offshore?

  3. ______ is a tax system that collects a greater share of income from those with high incomes than from those with lower incomes.

  4. In which year had India's ratio of public debt to GDP gone up to a record 84.2%?

  5. ______ is an economic scenario where a peculiar combination of low growth and rising inflation leads to high unemployment.

Need Expert Advice?
Test Series
SSC CHSL img
SSC
SSC CHSL 2026-27 Mock Test Series (Tier I & Tier II) (Latest Pattern)
3464 Tests 1 Tests Free
295 Attempts
4.7(285)
English, Hindi
More Questions from SSC CHSL

Start Your Preparation with Prepp Mobile App

Download the app from Google Play & App Store
Download the app from Google Play & App Store
Prepp Mobile App