Economics · Economy
Consider the following general statements regarding Bihar's fiscal targets: I. State budgets often target a revenue surplus in fiscal projections. II. The Fiscal Responsibility and Budget Management (FRBM) norm generally aims to limit fiscal deficit around 3% of GSDP. III. State's own tax revenue forms the majority share of Bihar's total revenue receipts. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I, II, and III
- 2I and III only
- 3II and III only
- 4I and II only✓
Correct answer
I and II only
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