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The Fiscal Responsibility and Budget Management (FRBM) Act was enacted in 2003 which set targets for the government to reduce fiscal deficits and strengthen financial discipline and fiscal prudence. Hence, statement 1 is correct. The N.K. Singh panel to review India’s fiscal discipline rules has recommended a debt-to-GDP ratio of 38.7% for the central government, 20% for the state governments together and a fiscal deficit of 2.5% of GDP (Gross Domestic Product), both by financial year 2022-23. The Fiscal Responsibility and Budget Management Bill (FRBM Bill) was introduced in India by the then Finance Minister of India, Mr.Yashwant Sinha.
Which of the following is lowest in memory hierarchy?
Which IPC mechanism provides synchronization capabilities to prevent race conditions between processes?
What data structure is commonly used to represent the parse tree in parsing?
Which SQL keyword is used to filter records in a SELECT statement based on a specific condition?
Which tool is used to build data pipelines and workflows in Hadoop-based systems?
syntax of loops in shell scripting?
Which technology allows a processor to execute multiple threads or processes simultaneously?
What is the primary purpose of virtual memory in a computer system?
What does the Query Optimizer do in RDBMS architecture?
Which are types of system design