With reference to the Economic Survey, consider the following statements: 1. It is prepared by the Finance Minister of India. 2. It serves as a report card of the economy's performance in the previous year. 3. It provides context and background for budget decisions. Which of the statement(s) given above is/are correct? |ForumIAS

Q. With reference to the Economic Survey, consider the following statements:
1.It is prepared by the Finance Minister of India.
2.It serves as a report card of the economy’s performance in the previous year.
3.It provides context and background for budget decisions.
Which of the statement(s) given above is/are correct?

[A] 1 and 2 only

[B] 2 only

[C] 3 only

[D] 2 and 3 only

Answer: D

Notes:

Explanation –

Statement 1 is incorrect. The Economic Survey is prepared by the Ministry of Finance, specifically by the Chief Economic Adviser and their team, and is presented by the finance minister in Parliament.

Statements 2 and 3 are correct. The Economic Survey reviews the performance of the economy over the past year. The Economic Survey provides valuable insights and context that help inform budget decisions.

Source: AIR

Discover more from Free UPSC IAS Preparation Syllabus and Materials For Aspirants

Subscribe to get the latest posts sent to your email.

Discover more from Free UPSC IAS Preparation Syllabus and Materials For Aspirants

Post-Mains Strategy Session by Mr. Ayush Sinha | ForumIAS