Subject: Polity
Book: Indian Polity by M. Laxmikanth
At the Union level, the Finance Ministry crafts budgetary policies, mobilizes resources, and manages public debt. The FRBM Act (2003) mandates fiscal discipline—limiting fiscal deficit, controlling borrowings, and ensuring medium-term fiscal frameworks. States have parallel FRBM laws. These measures aim at macroeconomic stability, reducing inflationary pressures, and facilitating growth. However, off-budget liabilities and populist schemes sometimes strain compliance. Union-states coordinate borrowing limits, guided by Finance Commission recommendations. The ministry’s regulatory role extends to banking and insurance. Mastering these aspects clarifies the governance of public finances, crucial for stable economic conditions under India’s democratic setup.
Which of the following is NOT a part of the Indian Constitution?
View Questionविधेयक पारित करने की प्रक्रिया किस प्रावधान के अंतर्गत आती है?
View QuestionWhich of the following is NOT a feature of the Indian federal system?
View Questionराज्य के अधिकारों की सीमा किसके द्वारा निर्धारित की जाती है?
View QuestionWhich of the following is NOT a function of the President of India?
View Questionसंसद की कार्यप्रणाली का प्रावधान किस अनुच्छेद में मिलता है?
View Questionसंविधान सभा के सदस्यों का चुनाव किस प्रकार से हुआ था?
View QuestionWhich of the following is a provision of the Indian Constitution regarding the Emergency?
View Questionराज्य सरकारों के अधिकार किस अनुच्छेद में वर्णित हैं?
View QuestionWho was the first woman President of the Indian National Congress?
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