Economics · Fiscal Policy & Budget Management
Under the Fiscal Responsibility and Budget Management (FRBM) Act framework in India, the government presents long-term policy statements to Parliament alongside the Union Budget. Which option correctly identifies the year the FRBM Act was enacted, the fiscal deficit target glide path to be reached by FY 2025-26, and the budget document that contains ministry-wise expenditure allocations?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 12001; 3.0%; Finance Bill
- 22003; 4.5%; Demands for Grants✓
- 32005; 3.5%; Appropriation Bill
- 42003; 6.0%; Economic Survey
Correct answer
2003; 4.5%; Demands for Grants
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