Question

The term "fiscal prudence" in the context of the NPS

Q: Answer-The term 'fiscal prudence' in the context of the NPS review committee refers to:

Fiscal prudence generally refers to responsible financial management by the government, which includes ensuring that spending remains within the limits of available resources and avoiding excessive debt accumulation.

review committee refers to:

A Prioritizing short-term economic gains over long-term stability.

B Ensuring that government spending does not exceed revenue.

C Implementing austerity measures to reduce government debt.

D Striking a balance between social welfare spending and economic growth.

E Maintaining a stable exchange rate and controlling inflation.

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RBI Grade B

The term "fiscal prudence" in the context of the NPS

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