Question

Which of the following provisions are correct in regards to FRBM Act 2.0?

  1. the FRBM act requires the government to limit the fiscal deficit to 3% of the GDP by March 31, 2021

  2. The debt of the central government to 30% of the GDP by 2024-25.

  3. The Act is to ensure intergenerational equity by reducing the debt burden of the future generation.

A 1& 2 Correct Answer Incorrect Answer
B 2 & 3 Correct Answer Incorrect Answer
C 1 & 3 Correct Answer Incorrect Answer
D All Correct Answer Incorrect Answer

Solution

The debt of the central government to 40% of the GDP by 2024-25.

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