Q. Consider the following statements::
1.It informs about the funds flowing across the three tiers of government.
2.It allows India’s citizens to monitor flow of the fund.
3.It helps government to estimate borrowing needs of different levels of government accurately..
Which of the above are the advantages of a “Real-time fiscal data portal”?

[A] 1 and 2 only

[B] 2 and 3 only

[C] 1 and 3 only

[D] 1, 2 and 3

Answer: D
Notes:

Explanation –

The advantages of a real-time fiscal data portal are – inform about the funds flowing across the three tiers of government—Centre, state and local governments, allow India’s citizens to monitor fund flows minutely, help government to estimate borrowing needs of different levels of government accurately, etc.

Source: ForumIAS