The Fiscal Responsibility and Budget Management (FRBM) Act, 2003, aims to

raise the government's borrowingCorrect answerYour answerfix the exchange rateCorrect answerYour answerset the repo rateCorrect answerYour answerbring down the government's deficits and debt to prudent levelsCorrect answerYour answer

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CorrectNot quiteAnswer D

Correct answer: D

The FRBM Act sets targets for reducing the fiscal deficit and requires the government to report on them.

Concept: FRBM Act
Typical timeTypical: 40 s
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The rule this testsWhat deficits do

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The Fiscal Responsibility and Budget Management (FRBM) Act, 2003, aims to

Explanation