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The objective of the Fiscal Responsibility and Budget Management Act, is:

  1. A
    to reduce revenue deficit.
  2. B
    to reduce fiscal deficit.
  3. C
    to ensure that public debt does not exceed of the GDP of the year from .
  4. D
    All of the above

Solution & Step-by-step Explanation

The foundational mandate of the Fiscal Responsibility and Budget Management (FRBM) Act is to enforce institutional discipline on public spending management. Its primary goals include eliminating the revenue deficit, reducing the fiscal deficit to manageable levels, and ensuring sustainable debt management targets over a structured timeline.

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The objective of the Fiscal Responsibility and Budget Management Act, is:
A
to reduce revenue deficit.
B
to reduce fiscal deficit.
C
to ensure that public debt does not exceed of the GDP of the year from .
D
All of the above

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Fiscal PolicyFinancial LegislationsDeficit Management

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