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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


Team Careers360 13th Jan, 2024
Answer (1)
Team Careers360 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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