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
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Answer: D. The Macro Economic Framework Statement is one of the statements the government must place with the Budget under the Fiscal Responsibility and Budget Management (FRBM) Act, 2003, along with the medium-term fiscal policy statements.
Watch for: Budget documents make students think of Budget Articles 112-113, but this statement comes from the FRBM Act.
Why the other options are wrong
- A. Wrong because this document comes from a law, not from convention.
- B. Wrong because Article 112 is the Annual Financial Statement and Article 110 defines Money Bills; neither requires this statement.
- C. Wrong because Article 113 is about the procedure for estimates and demands for grants.
Source to check: Fiscal Responsibility and Budget Management Act, 2003, Section 3; Union Budget documents (indiabudget.gov.in)
Answer from the official UPSC key. Written and fact-checked by AI against the official key. Spotted a mistake? Report it.