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      Question

      FRBM stands

      for:
      A Fiscal Revenue and Budget Management Correct Answer Incorrect Answer
      B Foreign Revenue and Business Management Correct Answer Incorrect Answer
      C Fiscal Responsibility and Budget Management Correct Answer Incorrect Answer
      D Foreign Responsibility and Budget Management Correct Answer Incorrect Answer

      Solution

      The Fiscal Responsibility and Budget Management Act, 2003 (FRBMA) is an Act of the Parliament of India to institutionalize financial discipline, reduce India's fiscal deficit, improve macroeconomic management and the overall management of the public funds by moving towards a balanced budget and strengthen fiscal prudence.

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