Question

The "Fiscal Responsibility and Budget Management (FRBM) Act" in India aims to:

• A. Increase government spending to stimulate economic growth
• B. Privatize state-owned enterprises to improve efficiency
• C. Implement a universal basic income scheme to reduce poverty
• D. Ensure fiscal discipline and reduce the fiscal deficit

Answer 1

Answer:

D. Ensure fiscal discipline and reduce the fiscal deficit

• The FRBM Act was enacted to institutionalize financial discipline, reduce the fiscal deficit, and improve macroeconomic management in India.