Fiscal Responsibility and Budget Management Act
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Questions and Answers

What is the primary objective of the FRBM Act?

  • To increase foreign investment
  • To promote economic growth
  • To achieve financial and macroeconomic stability (correct)
  • To reduce poverty and inequality

    • What is the purpose of the fiscal policy in India?

  • To balance the economic condition (correct)
  • To control inflation
  • To promote entrepreneurship
  • To reduce unemployment

    • What is the main focus of the Fiscal Responsibility and Budget Management Act?

  • To achieve fiscal and macroeconomic stability (correct)
  • To promote foreign trade
  • To reduce government expenditure
  • To increase government revenue

    • What is the expected outcome of the FRBM Act?

    <p>Financial and macroeconomic stability</p> Signup and view all the answers

    What is the role of the FRBM Act in the Indian economy?

    <p>To establish fiscal discipline</p> Signup and view all the answers

    Study Notes

    FRBM Act Objectives

    • The primary objective of the FRBM Act is to achieve financial and macroeconomic stability in India.
    • The Act aims to establish a fiscal policy framework that balances the economic condition in the country.

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    The FRBM Act aims to achieve financial and macroeconomic stability in India by establishing a fiscal policy to balance the economy.

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