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    Question

    In which year was the Fiscal Responsibility and Budget

    Management (FRBM) Act enacted?
    A 1999 Correct Answer Incorrect Answer
    B 2000 Correct Answer Incorrect Answer
    C 2003 Correct Answer Incorrect Answer
    D 2005 Correct Answer Incorrect Answer

    Solution

    The FRBM Act, passed in 2003, aims to institutionalize fiscal discipline and reduce India's fiscal deficit. It requires the government to adhere to targets for revenue and fiscal deficit reductions.

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