FRBM

The full form of FRBM Bill is ____________

• Fiscal Responsibility and Bank Management Bill

• Financial Revenue and Budget Management Bill

• Fiscal Responsibility and Budget Management Bill

• Financial Responsibility and Budget Management Bill

Which of the following is NOT an objective of the FRBM Act 2003?

• to bring zero deficit

• to reduce the burden of debt repayment

• to improve transparency in fiscal operations

• to reduce corruption

As per FRBM Act, the central government should reduce revenue deficit to zero by ___________?

• 2003-04

• 2008-09

• 2007-08

• 2010- 11

The FRBM Act was to reduce fiscal deficit to __________ of GDP by 31st March 2009?

• 3%

• 5%

• 8%

• 9%

The FRBM Act requires the planning of ________ before both houses of Parliament

• Fiscal Policy Strategy Statement

• Macroeconomic Framework Statement

• Medium- Term Fiscal Policy Statement

• All of the Above

FRBM Act was passed on

• 2004

• 2000

• 2003

• 2002

FRBM Act has ____ major objectives

• 7

• 4

• 5

• 3

The Fiscal Responsibility and Budget Management (FRBM) Act aimed for

1. eliminating both revenue deficit and fiscal deficit

2. giving flexibility to RBI for inflation management

• 1 only

• 2 only

• Both 1 and 2

• Neither 1 nor 2