Question : What does F stand for in the FRBM Act, 2003 of the Indian economy?
Option 1: Financial
Option 2: Fiscal
Option 3: Functional
Option 4: Freedom
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Correct Answer: Fiscal
Solution : The correct option is Fiscal
The FRBM Act, which stands for the Fiscal Responsibility and Budget Management Act, was enacted by the Government of India to institutionalise fiscal discipline and promote transparency and accountability in fiscal management. The Act aims to bring about fiscal stability and sustainability in the Indian economy by setting targets for reducing the fiscal deficit and revenue deficit.
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Question : What does 'F' stand for in the FRBM Act, 2003 of the Indian economy?
Option 1: Fiscal
Option 2: Financial
Option 3: Freedom
Option 4: Functional
Question : Which act of the British Parliament was also known as the East India Company Act 1793?
Option 1: The Government of India Act, 1793
Option 2: The Charter Act, 1793
Option 3: The Regulating Act, of 1793
Option 4: The Indian Councils Act, 1793
Question : An economy which does not have any relation with the rest of the world is known as
Option 1: Socialist economy
Option 2: Closed economy
Option 3: Open economy
Option 4: Mixed economy
Question : GDP is an indicator of a country's economy. What does 'D' in GDP stand for?
Option 1: Development
Option 2: Domestic
Option 3: Dividend
Option 4: Deficit
Question : The ____________ is an Act of the Parliament of the United Kingdom that partitioned British India into two new independent dominions of India and Pakistan in 1947.
Option 1: Industrial Disputes Act
Option 2: Government of India Act
Option 3: Indian Independence Act
Option 4: Rowlatt Act
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