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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.
Select the correct mirror image of the given figure when the mirror is placed at MN as shown below.
Select the option that represents the correct order of the given words as they would appear in an English dictionary.
1. Variance
2. Viole...
There is a family of six members. There are two married couples. X is a daughter of F, who has two children. F is the mother of Y. Y is the husband of ...
Which of the following letter-clusters will replace the question mark (?) in the given series to make it logically complete?
WVE, UTG, SRI, QP...
X and Y are a married couple, X being the male member. D is the only son of C, who is the brother of X. E is the sister of D. Y is the daughter-in-law o...
A statement is followed by two courses of action, numbered I and II. You must assume everything in the statement to be true and on the basis of the info...
What should come in place of ? in the given series based on the English alphabetical order?
MFX, JCU, GZR, DWO,?
In the series: L2, ________, J18, I54, H162 what number should fill the blank?
In a certain code language, 'OIL' is coded as 27 and 'CREAM' is coded as 125. How will 'POWDER' be coded in the same language?