[amp_mcq option1=”Responsible budgeting” option2=”Reduction of fiscal deficit” option3=”Transparency in fiscal policies” option4=”All of the above” correct=”option4″]<\/p>\n
The correct answer is: d) All of the above<\/strong><\/p>\n The Fiscal Responsibility and Budget Management (FRBM) Act, 2003 is an Act of the Parliament of India enacted to ensure responsible fiscal management in the country. The Act aims to achieve the following objectives:<\/p>\n The Act has been successful in achieving some of its objectives, such as reducing the fiscal deficit and revenue deficit. However, it has not been able to achieve all of its objectives, such as maintaining a stable and predictable fiscal policy.<\/p>\n The FRBM Act has been amended several times since its enactment. The most recent amendment was in 2017. The amendment has made some changes to the Act, such as increasing the fiscal deficit target and allowing for more flexibility in fiscal management.<\/p>\n The FRBM Act is an important piece of legislation that has helped to improve fiscal management in India. However, there is still room for improvement. The government needs to continue to implement the Act effectively and make necessary changes to ensure that it achieves its objectives.<\/p>\n Here is a brief explanation of each option:<\/p>\n All of these objectives are important for ensuring responsible fiscal management. By achieving these objectives, the government can help to promote economic growth and stability.<\/p>\n","protected":false},"excerpt":{"rendered":" [amp_mcq option1=”Responsible budgeting” option2=”Reduction of fiscal deficit” option3=”Transparency in fiscal policies” option4=”All of the above” correct=”option4″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[974],"tags":[],"class_list":["post-76381","post","type-post","status-publish","format-standard","hentry","category-arunachal-pradesh-state-gk-mcq","no-featured-image-padding"],"yoast_head":"\n\n
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