Which document is presented to Parliament to outline the government's estimated receipts and expenditure for a fiscal year?
Show answer and explanation
Correct answer: Annual Financial Statement
Under Article 112, the Annual Financial Statement (Budget) is the primary policy document for fiscal management. It reflects the government's priorities and the allocation of resources for various public policies.
Keep practicing
More Public Policy Making questions
- What is the role of the 'Cabinet Secretariat' in policy making?
- Which of the following defines 'Redistributive Policy'?
- Who is the ex-officio Chairman of the NITI Aayog?
- What is meant by the 'Top-Down' approach to policy implementation?
- Which of the following is an example of a 'Regulatory Policy' in India?
- Which Constitutional Article provides the basis for the creation of the Finance Commission, a key body for fiscal policy?