The Finance Minister is the political head responsible for the budget. The Finance Secretary and Secretary of the Department of Economic Affairs are involved in the overall economic policy and fiscal management. The Chief Economic Advisor provides economic insights and forecasts.
Budget preparation process in India has a Core Team of five members. Who among the following is not a member of the Core Team?
Asked in ARO GS 252022 74 2024 · Topic: Fiscal Policy & Revenue (Government Budgeting: Structure, types, and implications)
More Economic Development questions
- During the process of budget preparation, projected expenditure is called for from different departments/ Ministries under certain heads. Which of the following are not a part of such requirement? I. Actual expenditure of the previous financial year II. Actual expenditure of the current financial year III. Original budget estimate for the current financial year IV. Budget estimate for the next financial year Choose the correct option from the following :
- Preparation of the budget, Budget Audit and accounts of public expenditure are all part of which management?
- According to the Union Budget 2022-23, how much total expenditure has been estimated?
- Which department is responsible for preparation of the union budget?
- The main purpose of auditing is to:
- How much amount has been allocated to PM Awas Yojna in the Union Budget 2022-23 ?
- Which of the following is NOT a component of the capital budget receipts of Central Government ?
- Consider the following statements: An additional spending by the Government of ₹ X is likely to have less impact on income than an additional transfer of ₹ X to households. An additional spending by the Government of ₹ X is likely to have less impact on income if it is not accompanied by an expansion in money supply. Which of the statements given above is/are correct ?
