Economics · Fiscal Policy and FRBM Act
The Fiscal Responsibility and Budget Management (FRBM) Act set limits on the fiscal deficit and public debt. What was the fiscal deficit target under the original FRBM Act to be achieved by 2008-09?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 13% of GDP✓
- 26% of GDP
- 35% of GDP
- 44.5% of GDP
Correct answer
3% of GDP
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