5 Questions
What is the primary objective of the FRBM Act?
To achieve financial and macroeconomic stability
What is the purpose of the fiscal policy in India?
To balance the economic condition
What is the main focus of the Fiscal Responsibility and Budget Management Act?
To achieve fiscal and macroeconomic stability
What is the expected outcome of the FRBM Act?
Financial and macroeconomic stability
What is the role of the FRBM Act in the Indian economy?
To establish fiscal discipline
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.
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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