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    Question

    What is the primary objective of the Fiscal

    Responsibility and Budget Management (FRBM) Act in India?
    A Regulation of foreign exchange market Correct Answer Incorrect Answer
    B Control of inflation Correct Answer Incorrect Answer
    C Promotion of fiscal discipline and transparency in fiscal operations Correct Answer Incorrect Answer
    D Oversight of credit rating agencies Correct Answer Incorrect Answer

    Solution

    The FRBM Act aims to institutionalize financial discipline, reduce fiscal deficits, improve macroeconomic management, and enhance the overall transparency in the fiscal operations of the government.

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