Question : What does 'F' stand for in the FRBM Act, 2003 of the Indian economy?
Option 1: Fiscal
Option 2: Financial
Option 3: Freedom
Option 4: Functional
Answer (1)
16th Jan, 2024
Correct Answer: Fiscal
Solution : The correct answer is Fiscal.
F in FRBM stands for fiscal. The full form of FRBM is the Fiscal Responsibility and Budget Management Act. The FRBM Act was implemented by the Government of India in 2003 to ensure fiscal discipline in the country. This act relies on mitigating or decreasing the fiscal deficit.
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