{"id":63255,"date":"2024-04-20T09:05:57","date_gmt":"2024-04-20T09:05:57","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=63255"},"modified":"2024-04-20T09:05:57","modified_gmt":"2024-04-20T09:05:57","slug":"the-meghalaya-fiscal-responsibility-and-budget-management-act-aims-to-ensure","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/the-meghalaya-fiscal-responsibility-and-budget-management-act-aims-to-ensure\/","title":{"rendered":"The Meghalaya Fiscal Responsibility and Budget Management Act aims to ensure:"},"content":{"rendered":"<p>\r\n    <!-- Check if it's an AMP page -->\r\n            <!-- Non-AMP version -->\r\n        <div class=\"mcq-container\" data-quiz-id=\"quizState_6a97feed5f2f8\">\r\n                                            <div class=\"option\" data-option-key=\"option1\" data-is-correct=\"true\">\r\n                    Fiscal discipline and transparency                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option2\" data-is-correct=\"false\">\r\n                    Unrestricted government spending                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option3\" data-is-correct=\"false\">\r\n                    Deficit financing                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option4\" data-is-correct=\"false\">\r\n                    Increasing debt burdens                <\/div>\r\n                            \r\n            <!-- Feedback messages for non-AMP -->\r\n            <div class=\"feedback\" data-feedback=\"wrong\">Answer is Right!<\/div>\r\n            <div class=\"feedback\" data-feedback=\"right\">Answer is Wrong!<\/div>\r\n        <\/div>\r\n\r\n        <script>\r\n        document.addEventListener('DOMContentLoaded', function () {\r\n            var containers = document.querySelectorAll('.mcq-container');\r\n\r\n            containers.forEach(function(container) {\r\n                var options = container.querySelectorAll('.option');\r\n                var feedbackSelect = container.querySelector('[data-feedback=\"select\"]');\r\n                var feedbackWrong = container.querySelector('[data-feedback=\"wrong\"]');\r\n                var feedbackRight = container.querySelector('[data-feedback=\"right\"]');\r\n\r\n                options.forEach(function(option) {\r\n                    option.addEventListener('click', function() {\r\n                        var selectedOption = option.getAttribute('data-option-key');\r\n                        var isCorrect = option.getAttribute('data-is-correct') === 'true';\r\n\r\n                        \/\/ Remove previous selections\r\n                        options.forEach(function(opt) {\r\n                            opt.classList.remove('correct', 'incorrect');\r\n                        });\r\n\r\n                        \/\/ Add the correct\/incorrect class\r\n                        if (isCorrect) {\r\n                            option.classList.add('correct');\r\n                            feedbackRight.hidden = false;\r\n                            feedbackWrong.hidden = true;\r\n                        } else {\r\n                            option.classList.add('incorrect');\r\n                            feedbackRight.hidden = true;\r\n                            feedbackWrong.hidden = false;\r\n                        }\r\n\r\n                        \/\/ Hide select feedback\r\n                        feedbackSelect.hidden = true;\r\n                    });\r\n                });\r\n            });\r\n        });\r\n        <\/script>\r\n    \r\n    <!--more--><\/p>\n<p>The correct answer is: a) Fiscal discipline and transparency.<\/p>\n<p>The Meghalaya Fiscal Responsibility and Budget Management Act is a law that was passed in 2003. The purpose of the law is to ensure fiscal discipline and transparency in the state government&#8217;s budget. The law sets limits on the amount of debt that the state government can incur, and it requires the government to publish detailed <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div> information about its budget and finances.<\/p>\n<p>The law has been successful in reducing the state government&#8217;s debt burden and improving transparency in its budget. However, there are some challenges that the law faces. One challenge is that the state government has sometimes been reluctant to comply with the law&#8217;s requirements. Another challenge is that the law does not address all of the state government&#8217;s fiscal problems.<\/p>\n<p>Despite these challenges, the Meghalaya Fiscal Responsibility and Budget Management Act has been a positive step in improving the state government&#8217;s fiscal management. The law has helped to reduce the state government&#8217;s debt burden and improve transparency in its budget. These are important steps in ensuring the state government&#8217;s financial stability and <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> accountability to the people of Meghalaya.<\/p>\n<p>Here is a brief explanation of each option:<\/p>\n<ul>\n<li>Option a: Fiscal discipline and transparency. This is the correct answer. The Meghalaya Fiscal Responsibility and Budget Management Act aims to ensure fiscal discipline and transparency in the state government&#8217;s budget.<\/li>\n<li>Option b: Unrestricted government spending. This is not the correct answer. The Meghalaya Fiscal Responsibility and Budget Management Act aims to ensure fiscal discipline, which means that the state government must limit its spending.<\/li>\n<li>Option c: Deficit financing. This is not the correct answer. The Meghalaya Fiscal Responsibility and Budget Management Act sets limits on the amount of debt that the state government can incur. This means that the state government cannot use deficit financing to fund its budget.<\/li>\n<li>Option d: Increasing debt burdens. This is not the correct answer. The Meghalaya Fiscal Responsibility and Budget Management Act sets limits on the amount of debt that the state government can incur. This means that the state government cannot increase its debt burden.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Subscribe on YouTube<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[987],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Meghalaya Fiscal Responsibility and Budget Management Act aims to ensure:<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/the-meghalaya-fiscal-responsibility-and-budget-management-act-aims-to-ensure\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta 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