Economics · Economy
Consider the following statements regarding the fiscal policy framework in India: 1. The amended FRBM (Fiscal Responsibility and Budget Management) Act allows the Government to deviate from targeted fiscal paths under exceptional escape clauses. 2. The N.K. Singh Committee on FRBM recommended using General Government Debt-to-GDP ratio as the primary macroeconomic anchor. 3. The Medium-Term Fiscal Policy Statement is presented to Parliament solely under the constitutional mandate of Article 112. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11, 2 and 3
- 22 and 3 only
- 31 and 3 only
- 41 and 2 only✓
Correct answer
1 and 2 only
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