{"id":73910,"date":"2024-04-20T11:54:55","date_gmt":"2024-04-20T11:54:55","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=73910"},"modified":"2024-04-20T11:54:55","modified_gmt":"2024-04-20T11:54:55","slug":"the-meghalaya-fiscal-responsibility-and-budget-management-frbm-act-aims-to","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/the-meghalaya-fiscal-responsibility-and-budget-management-frbm-act-aims-to\/","title":{"rendered":"The Meghalaya Fiscal Responsibility and Budget Management (FRBM) Act aims to:"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;Ensure fiscal discipline and transparency&#8221; option2=&#8221;Encourage deficit financing&#8221; option3=&#8221;Increase reliance on central grants&#8221; option4=&#8221;Centralize financial decision-making&#8221; correct=&#8221;option1&#8243;]<!--more--><\/p>\n<p>The correct answer is: a) Ensure fiscal discipline and transparency.<\/p>\n<p>The Meghalaya Fiscal Responsibility and Budget Management (FRBM) Act, 2017 is a law that aims to ensure fiscal discipline and transparency in the state of Meghalaya. The Act sets out a number of fiscal targets that the state government must meet, including a limit on the fiscal deficit and the debt to GDP ratio. The Act also requires the state government to publish a detailed budget document that outlines its fiscal plans for the coming year.<\/p>\n<p>The FRBM Act is an important tool for ensuring that the state government manages its finances responsibly. The Act helps to prevent the state from running into debt problems and to ensure that it has the resources to meet its obligations. The Act also helps to improve transparency in the state&#8217;s finances, making it easier for citizens to hold the government accountable.<\/p>\n<p>The other options are incorrect because:<\/p>\n<ul>\n<li>Option b) Encourage deficit financing is incorrect because the FRBM Act sets limits on the fiscal deficit.<\/li>\n<li>Option c) Increase reliance on central grants is incorrect because the FRBM Act does not require the state government to increase its reliance on central grants.<\/li>\n<li>Option d) Centralize financial decision-making is incorrect because the FRBM Act does not centralize financial decision-making. The state government is still responsible for making its own financial decisions.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;Ensure fiscal discipline and transparency&#8221; option2=&#8221;Encourage deficit financing&#8221; option3=&#8221;Increase reliance on central grants&#8221; option4=&#8221;Centralize financial decision-making&#8221; correct=&#8221;option1&#8243;]<\/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":[],"class_list":["post-73910","post","type-post","status-publish","format-standard","hentry","category-meghalaya-gk-mcq","no-featured-image-padding"],"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 (FRBM) Act aims to:<\/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-frbm-act-aims-to\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Meghalaya Fiscal Responsibility and Budget Management (FRBM) Act aims to:\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;Ensure fiscal discipline and transparency&#8221; option2=&#8221;Encourage deficit financing&#8221; option3=&#8221;Increase reliance on central grants&#8221; option4=&#8221;Centralize financial decision-making&#8221; correct=&#8221;option1&#8243;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/the-meghalaya-fiscal-responsibility-and-budget-management-frbm-act-aims-to\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-20T11:54:55+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"The Meghalaya Fiscal Responsibility and Budget Management (FRBM) Act aims to:","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/the-meghalaya-fiscal-responsibility-and-budget-management-frbm-act-aims-to\/","og_locale":"en_US","og_type":"article","og_title":"The Meghalaya Fiscal Responsibility and Budget Management (FRBM) Act aims to:","og_description":"[amp_mcq option1=&#8221;Ensure fiscal discipline and transparency&#8221; option2=&#8221;Encourage deficit financing&#8221; option3=&#8221;Increase reliance on central grants&#8221; option4=&#8221;Centralize financial decision-making&#8221; correct=&#8221;option1&#8243;]","og_url":"https:\/\/exam.pscnotes.com\/mcq\/the-meghalaya-fiscal-responsibility-and-budget-management-frbm-act-aims-to\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2024-04-20T11:54:55+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/the-meghalaya-fiscal-responsibility-and-budget-management-frbm-act-aims-to\/","url":"https:\/\/exam.pscnotes.com\/mcq\/the-meghalaya-fiscal-responsibility-and-budget-management-frbm-act-aims-to\/","name":"The Meghalaya Fiscal Responsibility and Budget Management (FRBM) Act aims to:","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2024-04-20T11:54:55+00:00","dateModified":"2024-04-20T11:54:55+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"breadcrumb":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/the-meghalaya-fiscal-responsibility-and-budget-management-frbm-act-aims-to\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/exam.pscnotes.com\/mcq\/the-meghalaya-fiscal-responsibility-and-budget-management-frbm-act-aims-to\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/exam.pscnotes.com\/mcq\/the-meghalaya-fiscal-responsibility-and-budget-management-frbm-act-aims-to\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/exam.pscnotes.com\/mcq\/"},{"@type":"ListItem","position":2,"name":"Meghalaya GK MCQ","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/meghalaya-gk-mcq\/"},{"@type":"ListItem","position":3,"name":"The Meghalaya Fiscal Responsibility and Budget Management (FRBM) Act aims to:"}]},{"@type":"WebSite","@id":"https:\/\/exam.pscnotes.com\/mcq\/#website","url":"https:\/\/exam.pscnotes.com\/mcq\/","name":"MCQ and Quiz for Exams","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/exam.pscnotes.com\/mcq\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209","name":"rawan239","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","caption":"rawan239"},"sameAs":["https:\/\/exam.pscnotes.com"],"url":"https:\/\/exam.pscnotes.com\/mcq\/author\/rawan239\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/73910","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/comments?post=73910"}],"version-history":[{"count":0,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/73910\/revisions"}],"wp:attachment":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/media?parent=73910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/categories?post=73910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/tags?post=73910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}