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Statement 1 is correct: The Act prohibits borrowing by the government from the Reserve Bank of India, thereby, making monetary policy independent of fiscal policy. The Act bans the purchase of primary issues of the Central Government securities by the RBI after 2006, preventing monetization of government deficit. Statement 2 is incorrect: FRBM Act provides a legal institutional framework for fiscal consolidation. It is now mandatory for the Central government to take measures to reduce the fiscal deficit, eliminate revenue deficit and generate revenue surplus in the subsequent years. The Government can move away from the path of fiscal consolidation only in case of natural calamity, national security and other exceptional grounds which Central Government may specify. Statement 3 is correct: The concepts of the “Effective Revenue Deficit” and “Medium Term Expenditure Framework” statement are the two important features of the amendment to the FRBM Act in the direction of expenditure reforms.
Which of the following best describes the Trade Receivables Discounting System ( TReDS ) platform?
Match the sportspersons with the medals won by them in the respective events in the given categories at Commonwealth Games 2022 and choose the correct c...
The third Buddhist council was held under whose President ship?
The senior Indian lawyer who argued for India in the hearing at the International Court of Justice on the Kulbhushan Jadhav case is:
The market structure called monopoly exists where there _______ in any market.
Which one of the following districts in Uttar Pradesh has been selected for wooden toys making under the scheme of 'One District One Product'?
Consider the statement in regard of Wavel Ramkalawan.
1. He has won Seychelle’s presidential election.
2. He has w...
The major component of granite is:
Which of the following is a non-perishable food?
Which of the following is not correctly matched?