1.

Match the documents under provisions of the Fiscal Responsibility and Budget Management Act, 2003 as per their purposes
A) Macro-economic framework ------------------------------------ i) explains how the current policies are in conformity with sound fiscal managementprinciples and gives the rationale for any major deviation in key fiscal measures.
B) Fiscal Policy Strategy Statement ------------------------------- ii) contains an assessment of the growth prospects of the economy
C) Medium Term Fiscal Policy Statement ------------------------ iii) sets out three-year rolling targets for fourspecific fiscal indicators in relation to GDP at market prices
D) Medium Term Expenditure Framework Statement -------- iv) provide a closer integration between budget andthe FRBM Statements.

A. A-i; B-ii; C-iii; D-iv
B. A-ii; B-i; C-iii; D-iv
C. A-i; B-iii; C-iv; D-ii
D. A-iv; B-iii; C-i; D-ii
Answer» C. A-i; B-iii; C-iv; D-ii


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