Question
With reference to the Fiscal Responsibility and Budget Management (FRB
- M Act, consider the following statements: 1. The FRBM Act prohibits the borrowings by the government from the RBI. 2. The Government cannot move away from the path of fiscal consolidation mandated under the Act. 3. Effective revenue deficit has now become a new fiscal parameter due to the Act. Which of the statements given above is/are incorrect?
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