Start learning 50% faster. Sign in now
Statement 1 is correct: The Act prohibits borrowing by the government from the Reserve Bank of India, thereby, making monetary policy independent of fiscal policy. The Act bans the purchase of primary issues of the Central Government securities by the RBI after 2006, preventing monetization of government deficit. Statement 2 is incorrect: FRBM Act provides a legal institutional framework for fiscal consolidation. It is now mandatory for the Central government to take measures to reduce the fiscal deficit, eliminate revenue deficit and generate revenue surplus in the subsequent years. The Government can move away from the path of fiscal consolidation only in case of natural calamity, national security and other exceptional grounds which Central Government may specify. Statement 3 is correct: The concepts of the “Effective Revenue Deficit” and “Medium Term Expenditure Framework” statement are the two important features of the amendment to the FRBM Act in the direction of expenditure reforms.
Akash distributed a certain amount of money among his three friends in the ratio of 2:3:4. If, instead, he had divided the amount...
Pawan gave a total of Rs. 2,82,000 to his 3 friends, 4 uncles, and 2 brothers. Each friend received (3/4) of the share of each un...
A boy is supposed to distribute Rs.2400 among his three friends P, Q and R in the ratio of 5:3:4 respectively, but mistakenly he distributed in the rati...
Among 132 examinees of a certain school, the ratio of successful to unsuccessful students is 9 : 2, Had 4 more students passed, then the ratio of succes...
<p><p>Sides of a parallelogram are in the ratio 6:5. Its area is 2700 sq. units. Altitude on the greater side is 30 units. Altitude ...
In a group of 800 participants planning a community event, some opted for the role of organizers in a Science Fair, while others chose to organize a Tal...
A bag contains 20 rupees note, 50 rupees note and 100 rupees note in the ratio 5:7:2. If the total amount in the bag is Rs 2,600, find the average numbe...
A sum of money is divided between Rahul and Simran in a 3:4 ratio. If the total amount distributed had been increased by 20%, Rahul's share would have b...
In what ratio should coffee powder costing Rs 2500/kg be mixed with coffee powder costing Rs 1500/kg so that the cost of the mixture is Rs 2250/kg?
If the ratio between two numbers is 3: 5 and their LCM is 120, then the numbers are: