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Question : What does F stand for in the FRBM Act, 2003 of the Indian economy?

Option 1: Financial

Option 2: Fiscal

Option 3: Functional

Option 4: Freedom


Team Careers360 19th Jan, 2024
Answer (1)
Team Careers360 23rd Jan, 2024

Correct Answer: Fiscal


Solution : The correct option is Fiscal

The FRBM Act, which stands for the Fiscal Responsibility and Budget Management Act, was enacted by the Government of India to institutionalise fiscal discipline and promote transparency and accountability in fiscal management. The Act aims to bring about fiscal stability and sustainability in the Indian economy by setting targets for reducing the fiscal deficit and revenue deficit.

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