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      Question

      FRBM stands

      for
      A Fiscal Responsibility and Banking Management Correct Answer Incorrect Answer
      B Financial Responsibility and Budget Management Correct Answer Incorrect Answer
      C Fiscal Responsibility and Budget Management Correct Answer Incorrect Answer
      D Federal Responsibility and Business Management Correct Answer Incorrect Answer

      Solution

      The Fiscal Responsibility and Budget Management Act, 2003 (FRBMA) is anĀ ActĀ of theĀ Parliament of IndiaĀ to institutionalize financial discipline, reduce India's fiscal deficit, improve macroeconomic management and the overall management of the public funds by moving towards aĀ balanced budgetand strengthen fiscal prudence

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