Economics · Fiscal Policy
What is the main objective of the Fiscal Responsibility and Budget Management (FRBM) Act, 2003?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1To privatize all Public Sector Undertakings
- 2To increase the tax-to-GDP ratio to 25%
- 3To ensure inter-generational equity in fiscal management and long-term macro-economic stability✓
- 4To eliminate the Fiscal Deficit entirely by 2025
Correct answer
To ensure inter-generational equity in fiscal management and long-term macro-economic stability
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Fiscal Policy MCQs →Want more practice questions on Fiscal Policy?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Fiscal Policy