Question : The Fiscal Responsibility and Budget Management Act (FRBM) was enacted in the year:
Option 1: 2001
Option 2: 1998
Option 3: 2003
Option 4: 1996
Correct Answer: 2003
Solution : The correct answer is 2003.
Enacted in the year 2003, the Fiscal Responsibility and Budget Management Act (FRBM Act) serves as a crucial tool in instilling financial discipline by targeting the reduction of fiscal deficit. This legislative framework is designed not only to bring transparency to India's fiscal management but also to promote fiscal stability. The FRBM Act also extends the Reserve Bank of India (RBI) the flexibility needed to address inflationary concerns.
Application | Eligibility | Dates | Syllabus
Question : Which year was the Consumer Protection Act (CPA) enacted in India?
Option 1: 1976
Option 2: 1986
Option 3: 1996
Option 4: 2006
Question : In which year was the Vernacular Press Act enacted in British India?
Option 1: 1876
Option 2: 1874
Option 3: 1872
Option 4: 1878
Question : The Dowry Prohibition Act was enacted in India in the year:
Option 1: 1961
Option 2: 1975
Option 3: 1983
Option 4: 2000
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