HomeTestsSearchRankProfile
mediumMCQCompetitive Exam2026Economics
1 mark

The objective of the Fiscal Responsibility and Budget Management Act, 2004 is

  1. A
    to reduce revenue deficit.
  2. B
    to reduce fiscal deficit.
  3. C
    to ensure that public debt does not exceed 50% of the GDP of the year from 2011.
  4. D
    All of the above

Solution & Step-by-step Explanation

The Fiscal Responsibility and Budget Management (FRBM) Act was enacted to introduce financial discipline into institutionalized state budgeting. Its central objectives include reducing the revenue deficit (ideally eliminating it) and lowering the fiscal deficit to manageable macro levels (such as of the GDP). Therefore, both target aspects make "All of the above" the comprehensive correct response.

Practice this question

Try it yourself before checking the explanation above.

The objective of the Fiscal Responsibility and Budget Management Act, 2004 is
A
to reduce revenue deficit.
B
to reduce fiscal deficit.
C
to ensure that public debt does not exceed 50% of the GDP of the year from 2011.
D
All of the above

Share This Question

Indian EconomyFRBM ActFiscal Policy

Related Questions

easyMCQ

Which one of the following statements is true?

easyMCQ

Which of the following statements is not correct?

easyMCQ

Which one of the following statements is correct?

easyMCQ

The product formed by the reaction of an aldehyde with a primary amine is:

easyMCQ

Which part of the tobacco plant is infected by Meloidogyne incognita?

easyMCQ

The term ecosystem was coined by:

Ready for a Full Test?

Practice with timed mock tests and track your performance across Economics.

Browse TestsLeaderboard

Discussion