Indian Polity · Polity
Under the Fiscal Responsibility and Budget Management Act (FRBMA), what is the long-term targeted limits set for the Central Government's fiscal deficit relative to GDP?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Keeping fiscal deficit below 5% of GDP
- 2Keeping fiscal deficit below 4% of GDP
- 3Keeping fiscal deficit below 3% of GDP✓
- 4Complete elimination of fiscal deficit
Correct answer
Keeping fiscal deficit below 3% of GDP
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