Q. Which of the following is / are among the documents presented in Budget? Annual Financial Statement Demand for Grants Appropriation Bill Finance Bill Select the correct option from the codes given below:
Answer: 1, 2, 3 & 4
Notes: Important Budget documents are as follows: 
Documents Mandated by Constitution

1. Annual Financial Statement (AFS) { Article 112}
2. Demands for Grants (DG) { Article 113}
3. Appropriation Bill {Article 114(3)}
4. Finance Bill {Article 110(a)}

Documents mandated by FRBM Act, 2003

5. Macro-Economic Framework Statement
6. Fiscal Policy Strategy Statement
7. Medium Term Fiscal Policy Statement
8. Medium Term Expenditure Framework Statement- (to be presented in parliament in the Session after the Budget session).

Explanatory /Other Documents

9. Memorandum Explaining the Provisions in the Finance Bill
10. Expenditure Profile1
11. Expenditure Budget2
12. Receipts Budget
13. Budget at a Glance
14. Highlights of Budget- Key Features.
15. Outcome Budget

1

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