Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Government Budget and Economy

Question:

Arrange the following events in chronological order as per the time period.

(A) Gender Budgeting,
(B) Fiscal Responsibility and Budget Management Act.
(C) 101th Constitution Amendment Act.
(D) Goods and Service Tax.

Choose the correct answer from the options given below:

Options:

(A), (B), (C), (D)

(B), (A), (C), (D)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer:

(B), (A), (C), (D)

Explanation:

The correct answer is Option (2) → (B), (A), (C), (D)

(B) Fiscal Responsibility and Budget Management Act :2003. This was enacted to bring discipline in fiscal management and reduce fiscal deficit.
(A) Gender Budgeting :  2005-06  with the aim to integrate gender perspectives into the budge
(C) 101th Constitution Amendment Act. 2016. This amendment enabled the introduction of the Goods and Services Tax (GST) in India.
(D) Goods and Service Tax. 2017. GST was implemented on 1st July 2017, following the 101st amendment.