Economics · Fiscal Policy
Consider the following statements regarding the FRBM Act and fiscal management in India: Statement I: Amendments recommended by the NK Singh Committee targeted Central Government debt at 40 percent of GDP and General Government debt at 60 percent of GDP. Statement II: The fiscal glide path targets bringing the fiscal deficit down below 4.5 percent of GDP by FY 2025-26. Statement III: The FRBM Act mandates eliminating the Revenue Deficit to zero under all circumstances with no exceptions. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I, II and III
- 2Only II and III
- 3Only I and II✓
- 4Only I
Correct answer
Only I and II
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