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WBCS Preliminary Examination 2017 — General Studies · Question 140 of 200

Q140
Indian EconomyPublic Finance, Budget & Taxation
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

Answer: (D) All of the above

The FRBM Act (enacted 2003, in force from 2004) set out multiple fiscal discipline objectives, including reducing the revenue and fiscal deficits and managing public debt within defined limits.

Q139 Whole paperQ141
The objective of the Fiscal Responsibility and Budget Management Ac… — WBCS Preliminary Examination 2017 Q140 | Prostuti360°