Question : In which year, did the Government of India bring the FRBM (Fiscal Responsibility and Budget Management) Act into effect?
Option 1: 2015-16
Option 2: 2012-13
Option 3: 2004-05
Option 4: 2008-09

Question

Question : In which year, did the Government of India bring the FRBM (Fiscal Responsibility and Budget Management) Act into effect?

Option 1: 2015-16

Option 2: 2012-13

Option 3: 2004-05

Option 4: 2008-09

Team Careers360 · Accepted Answer

Correct Answer: 2004-05

Solution : The correct option is 2003-04.

The Fiscal Responsibility and Budget Management Act was passed in 2003, and the act was brought into effect on July 5, 2004. The main purpose of the act was to minimise the fiscal deficit and primary deficit. Three documents must be placed along with the Budget in the Parliament. These documents are:

1. Macroeconomic Framework Statement

2. Medium-Term Fiscal Policy Statement

3. Fiscal Policy Strategy Statement.

Popular Searches

Question : In which year, did the Government of India bring the FRBM (Fiscal Responsibility and Budget Management) Act into effect?
Option 1: 2015-16
Option 2: 2012-13
Option 3: 2004-05
Option 4: 2008-09

Related Questions

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Option 1: 2004-05
Option 2: 2007-08
Option 3: 2006-07
Option 4: 2005-06

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Option 2: 2015
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Question : Which of the following acts is suggested for the post of Comptroller and Auditor General?
Option 1: Indian Councils Act of 1909
Option 2: The Government of India Act of 1919
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Option 4: The Indian Independence Act of 1947

Question : The National Payments Corporation of India was set up under the provisions of which Act?
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Option 2: Payment and Settlement Systems Act, 2007
Option 3: Government Securities Act, 2006
Option 4: Companies Act, 2013

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Popular Searches

Question : In which year, did the Government of India bring the FRBM (Fiscal Responsibility and Budget Management) Act into effect?Option 1: 2015-16Option 2: 2012-13Option 3: 2004-05Option 4: 2008-09

Related Questions

Question : When did the Government of India bring the gender sensitivities of the budgetary allocation in its statement for the first time?Option 1: 2004-05Option 2: 2007-08Option 3: 2006-07Option 4: 2005-06

Question : In which year did Saina Nehwal win the Olympic bronze medal in the individual women's Badminton competition?Option 1: 2004Option 2: 2008Option 3: 2016Option 4: 2012

Question : In which year did the Central Statistical Office adopt the GVA concept in India?Option 1: 2012Option 2: 2015Option 3: 1993Option 4: 2010

Question : Which of the following acts is suggested for the post of Comptroller and Auditor General?Option 1: Indian Councils Act of 1909Option 2: The Government of India Act of 1919Option 3: Government of India Act of 1935Option 4: The Indian Independence Act of 1947

Question : The National Payments Corporation of India was set up under the provisions of which Act?Option 1: The SARFAESI Act, 2002Option 2: Payment and Settlement Systems Act, 2007Option 3: Government Securities Act, 2006Option 4: Companies Act, 2013