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FRBM Act stands for:-
  • a)
    Foreign Regulation and Budget Management Act
  • b)
    Fiscal Responsibility and Budget Management Act
  • c)
    Funds Reallocation and Budget management Act
  • d)
    Finance Regulation and Bond Management Act
Correct answer is 'B'. Can you explain this answer?
Verified Answer
FRBM Act stands for:-a)Foreign Regulation and Budget Management Actb)F...
The Fiscal Responsibility and Budget Management Act, 2003 (FRBMA) is an Act of the Parliament of India to institutionalize financial discipline, reduce India's fiscal deficit, improve macroeconomic management and the overall management of the public funds by moving towards a balanced budget and strengthen fiscal prudence. The main purpose was to eliminate revenue deficit of the country (building revenue surplus thereafter) and bring down the fiscal deficit to a manageable 3% of the GDP by March 2008. 
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FRBM Act stands for:-a)Foreign Regulation and Budget Management Actb)Fiscal Responsibility and Budget Management Actc)Funds Reallocation and Budget management Actd)Finance Regulation and Bond Management ActCorrect answer is 'B'. Can you explain this answer?
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FRBM Act stands for:-a)Foreign Regulation and Budget Management Actb)Fiscal Responsibility and Budget Management Actc)Funds Reallocation and Budget management Actd)Finance Regulation and Bond Management ActCorrect answer is 'B'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about FRBM Act stands for:-a)Foreign Regulation and Budget Management Actb)Fiscal Responsibility and Budget Management Actc)Funds Reallocation and Budget management Actd)Finance Regulation and Bond Management ActCorrect answer is 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for FRBM Act stands for:-a)Foreign Regulation and Budget Management Actb)Fiscal Responsibility and Budget Management Actc)Funds Reallocation and Budget management Actd)Finance Regulation and Bond Management ActCorrect answer is 'B'. Can you explain this answer?.
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