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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 an┬аAct┬аof the┬аParliament of India┬аto institutionalize financial discipline, reduce India's fiscal deficit, improve macroeconomic management and the overall management of the public funds by moving towards a┬аbalanced budgetand strengthen fiscal prudence

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