Multiple choice

As per the Fiscal Responsibility and Budget Management Act (FRBM) the fiscal deficit should brought to which of the following levels of the GDP by the year 2009?

  1. 1%

  2. 2%

  3. 3%

  4. 5%

  5. 7%

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The Fiscal Responsibility and Budget Management Act (FRBM) mandated the central government to reduce its fiscal deficit to 3 percent of the GDP by the targeted year of 2008-2009.