Economics · Economy
Consider the following statements with reference to the Fiscal Responsibility and Budget Management (FRBM) Act, 2003: I. It provides for a statutory Fiscal Council for independent assessment of Central Government finances. II. It permits deviation from prescribed fiscal deficit targets on grounds such as national security and other specified exceptional circumstances. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I only
- 2II only✓
- 3Both I and II
- 4Neither I nor II
Correct answer
II only
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