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    Question

    The FRBM Act was enacted in which

    year?
    A 1997 Correct Answer Incorrect Answer
    B 1999 Correct Answer Incorrect Answer
    C 2003 Correct Answer Incorrect Answer
    D 2005 Correct Answer Incorrect Answer
    E 2010 Correct Answer Incorrect Answer

    Solution

    The Fiscal Responsibility and Budget Management Act, 2003 aims to institutionalize fiscal discipline and reduce the deficit-to-GDP ratio through transparent budgeting.

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