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    Question

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

    review committee refers to:
    A Prioritizing short-term economic gains over long-term stability. Correct Answer Incorrect Answer
    B Ensuring that government spending does not exceed revenue. Correct Answer Incorrect Answer
    C Implementing austerity measures to reduce government debt. Correct Answer Incorrect Answer
    D Striking a balance between social welfare spending and economic growth. Correct Answer Incorrect Answer
    E Maintaining a stable exchange rate and controlling inflation. Correct Answer Incorrect Answer

    Solution

    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.

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