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Indian Polity - General Knowledge Questions
The Fiscal Responsibility and Budget Management Act was passed in which year?
A)
2000
B)
2003
C)
2007
D)
2009

Correct Answer :   2003

The Fiscal Responsibility and Budget Management (FRBM) Act, 2003 sets a target for the government to establish financial discipline in the economy, improve the management of public funds and reduce fiscal deficit. Enacted in 2003, the Act sets target for the government to bring down fiscal deficit.

Published On : June 20, 2021
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