Economics · Fiscal Policy
Which of the following statements correctly describes a key objective of the Fiscal Responsibility and Budget Management (FRBM) Act, 2003?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It is concerned with the increase in the fiscal deficit of up to 5% of the GDP.
- 2It is related to the increase in government expenditure in some proportion.
- 3It is related to the increase in the capital expenditure.
- 4It is concerned with the reduction in the fiscal deficit of up to 3% of the GDP.✓
Correct answer
It is concerned with the reduction in the fiscal deficit of up to 3% of the GDP.
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